Norbolsa | Republicans introduce the fiscal plan in Congress, which includes the tax cuts promised by Trump during his campaign (making the tax cuts from the first term permanent; tax exemptions for tips, overtime, private education payments, pensions and local tax cuts). No estimate of the cost (revenue shortfall from the plan) has been provided, which they hope to offset with cuts to the Medicaid healthcare programme, other spending cuts…

Link Securities | The Department of Commerce reported that the US trade deficit stood at $140.5 billion in March, reaching a new monthly record and exceeding the $132.4 billion projected by the FactSet consensus of analysts. In February, the trade deficit stood at $123.2 billion. In March, imports rose 4.4%, reaching a new all-time high of $419 billion, as many customers brought forward purchases in anticipation of the upcoming tariff…

Bankinter | Non-Farm Job Creation (April) beats expectations, but revises downward from previous record: 177K against 138K expected and 185K previous. Unemployment Rate repeats at 4.2% as expected and Average Wages/Hour remain at 3.8% year-on-year versus 3.9% year-on-year expected. Bankinter’s analysis team’s view: The data as a whole is consistent and, therefore, positive in the current context in which the US economy finds itself. The labour market continues to show…