BancaMarch: The United States is trying to act on Chinese steel and aluminium entering through the Mexican border. The Biden administration has included tariffs of 25% on steel and 10% on aluminium not smelted in Mexico, the United States or Canada. In this way, it aims to prevent the entry of Chinese metal circulating through Mexico in order to avoid the tariffs already imposed in May on various products of…

BancaMarch: In the US, Monday’s highlights were consumer credit data which improved in May to $11.354 billion, a figure that points to a revival in consumer credit as this figure is well above the previous month’s $6.485 billion. On the other hand, the New York Fed’s inflation expectations survey also showed a slowdown in inflationary pressures with consumer inflation expectations for the next 12 months at +3.02% versus +3.17% previously….

The Conference Board’s consumer confidence index declined in June, although somewhat less than expected: specifically, this indicator stood at 100.4 from 101.3 previously and slightly above the 100 expected. This lower confidence was mainly explained by the decline in the expectations component (73 versus 74.9 previously), as the reading of the current situation improved (141.5 versus 140.8 previously). Still in the US, the S&P Case-Shiller index of house prices in…