Investors focus on domestic market as USMCA negotiations to drag on

MXPE Weekly Essentials ft. US targets Mexican oil theft, a floating power plant for Yucatán, and other highlights in Mexican politics, policy, and markets from the past week.

MXPE Weekly Essentials. Only the most important news in Mexican politics, policy, and markets from the past week.

Last week’s highlights:

• Slim pickings—Last week’s EU trade treaty signature was followed by a €3 billion euro ($3.5 billion dollar) promise to finance future infrastructure projects by the European Investment Bank. Pharmaceutical companies also got together to pledge $1.2 billion dollars in research, medical devices, and strengthening local production. And Carlos Slim sat down for his annual press conference and said he too would be plugging $5 billion dollars into the Mexican economy—mainly in the energy sector.
  These investments have the domestic market in their sights, as ongoing trade talks with the US continue to depress export-driven investment in the country.

• No news is good news?—The only conclusion of the first round of USMCA