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Bank of Mexico: US tariffs add uncertainty to inflation

Most of the Bank of Mexico's five governing board members agreed that the risks associated with U.S. President Donald Trump's tariffs will add uncertainty to the future path of inflation, minutes of its March 27 monetary policy decision showed on Thursday. Inflation forecasts remain uncertain, the board members noted in the minutes, adding that although the balance of risks for the trajectory of inflation remains biased to the upside, it has improved. "The changes in economic policy by the new U.S. administration have added uncertainty to the forecasts," the minutes noted.

European Stocks Jump Most in Three Years on US Tariff Reprieve

(Bloomberg) -- European stocks rallied by the most since March 2022, a day after US President Donald Trump paused plans to implement higher reciprocal tariffs on dozens of trade partners, easing concerns for the moment about potential damages from a global trade war.The Stoxx Europe 600 Index rose 3.7%, trimming earlier gains of as much as 7.3%. All sectors were in the green, with financial services and banks leading gains. France’s CAC 40 advanced 3.8% and Germany’s DAX added 4.5%. Trump announ