August 24, 2026

In the United States, activity data showed positive results in both services and manufacturing

International

On Friday, S&P Global released its preliminary August Purchasing Managers' Indices (PMIs) for the United States, showing a generally positive reading. The Services PMI surprised to the upside, coming in at 56.8 points, well above the consensus forecast of 53.9 and the previous month's reading of 54.6. Meanwhile, the Manufacturing PMI came in at 53.2 points, below the expected 54.0 and the previous month's reading of 53.9, although both indicators remained above the 50-point threshold, continuing to point to an expansion in U.S. private sector activity.

The U.S. Treasury yield curve rose on Friday, partially reversing the compression of previous sessions. The 10-year Treasury note rose to 4.73% from the previous 4.70%, the 3-year note climbed to 4.31% from 4.27%, and the 1-year note settled at 4.01%, up from the previous 3.98%.

Meanwhile, the main US stock indexes advanced on Friday in a session of widespread rebound. The S&P 500 gained 0.4%, the Nasdaq rose 0.4%, and the Dow Jones climbed 1.0%. Thus, year-to-date, the indexes have accumulated gains of 12.1%, 12.6%, and 10.8%, respectively.

As for commodities, the day showed mixed performance. Gold stood out with a 2.1% increase, reaching $4,610.71 per ounce, while soybeans gained 0.4%, reaching $450.34 per ton. Meanwhile, WTI crude fell 0.2% to $86.63 per barrel, while Brent crude advanced 0.1% to $93.91 per barrel.

Finally, Mexico released its second-quarter GDP (Gross Domestic Product) data today, showing a slowdown compared to expectations. Quarter-on-quarter, the economy grew 1.4%, below the consensus forecast of 1.5% and the 1.5% growth of the previous quarter. Year-on-year, GDP advanced 2.1%, also below the expected 2.2% and the previous 2.2% growth.

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