Mexico's economy has faced no shortage of headwinds over the past few years. As a manufacturing hub, it suffered more than others from the post-2008 weakness in the global cycle. It was hit hard by the collapse in oil prices in 2014. And in 2016, it became a key target of President Trump’s campaign against trade and outsourcing. However, there are signs that the headwinds facing Mexico's economies could now be abating.
Some of the clouds over Europe’s political landscape have disappeared after the French presidential election resulted in a market-friendly outcome. So has the Swiss franc now lost its value as a Eurozone malaise hedge, or are there other reasons to hold the currency?
Inflationary disappointment doesn’t repeat itself, but it does rhyme. Alongside our new political paradigm, we see the search for inflation as a key driver for central bank policy and markets for the rest of 2017. I tie those two market themes together using the title from one of my favourite songs, only for host Mark Barton to catch me out by revealing the hidden link live on air.