Summary of the provided text:
Market Rebound after Black Monday:
After the significant market crash on Black Monday, global markets experienced a recovery on Tuesday.
Major indices like the S&P 500, Nasdaq, and Nikkei 225 all closed in green.
The rise in the Mexican peso and the Mexican Stock Exchange were cited as contributing factors to the market stabilization.
Economic Analysis:
Citibanamex attributed the market rebound to the halting of the carry trade, which involved borrowing low-cost yen to invest in higher-yielding currencies.
The rise in Japanese interest rates contributed to the reduction in this practice.
Global Market Performance:
European markets opened positively after a negative close the previous day.
The Japanese Nikkei index experienced its biggest daily gain ever.
The US dollar slightly weakened against both the dollar and the euro.
US Economic News:
Job creation in the US fell short of expectations, leading to concerns about potential recession.
The unemployment rate rose to its highest level since October 2021.
Other Highlights:
Analysts at Deutsche Bank noted a “trend reversal” in market sentiment.
Citibanamex suggested that a rate cut in Mexico will not be announced this week.