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🌏 Oil's climb past $100 turns EM into a stress test, and Turkey goes first

🌏 Oil's climb past $100 turns EM into a stress test, and Turkey goes first

Brent crude topped $100 a barrel and split emerging markets into winners and losers: Brazil's market rallied, Turkey's central bank was expected to hold rates at 37% on Wednesday, and Mexico logged a food-led uptick in inflation.

INEGI INPC table for August: headline 0.20% m/m and 3.26% y/y, core 0.16% and 3.88%, non-core 0.36% and 1.13%.
INEGI’s August print left headline CPI inside Banxico’s 2–4% target band even as food prices reversed July’s agro relief, with the board still on hold at 6.50% until 24 September. Source

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