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๐ŸŒฎ Mexico Stock Index Down 4%. $1B+ VC Funding Day.

Impact Capital Markets #113 looks at our Mexico Stock Index, major impact deals, M&A, and upcoming economic releases.

Hola ๐Ÿฐ

๐Ÿ“‰ Today's Global Economic Update: China's annual inflation rate remained steady at 0.3% in May 2024, falling short of market expectations. Non-food prices continued to grow while food prices slipped for the eleventh consecutive month. Inflation remains much lower than China's target of 3%, signaling that additional stimulus measures may be necessary to boost demand.

๐Ÿค– Deal of the Day: Mistral AI, a French AI startup, raised a $503M Series B to expand its operations.

What's New?

๐ŸŒฎ Mexico.
Mexico stock index down 4%
๐Ÿ’ฐ Funding. Battery swapping, AI startups, customer service + more
๐Ÿ’ผ M&A. Healthcare agency, digital health and waste recycling
๐Ÿ“… Economics. Fed rate decision, BoJ interest rate, inflation + more

๐ŸŒฎ Mexico Stock Index Down 4%

HolonIQ's Mexico Stock Index has seen a 4% decline, departing from the upward trajectory it had maintained since November 2023. This shift coincides with the depreciation in the Mexican Peso, which recently experienced its worst week since the pandemic. Investor concerns heightened following Claudia Sheinbaum's landslide victory in the recent presidential election, sparking fears of major changes in economic policy.

Despite recent challenges, Mexico's economy remains resilient, supported by its close economic ties with the US and favorable trade agreements. Various sectors, including banking, materials, logistics, and real estate, have shown strength amidst robust domestic demand and positive economic conditions. While uncertainties persist, proactive fiscal measures and economic strengths provide grounds for cautious optimism regarding future recovery. However, sustained political and security concerns remain pivotal factors that could sway investor sentiment and market stability in the near term.

๐Ÿ’ฐ Funding

๐Ÿค– Mistral AI, a French AI startup, raised a $503M Series B from General Catalyst to expand its operations.

๐Ÿ‘ฅ Cognigy, a German AI customer service company, raised a $100M Series C from Eurazeo Growth to expand its development efforts.

๐Ÿ“Š Cyberhaven, a California-based data detection and response company, raised a $88M Series C from Adams Street Partners and Khosla Ventures to expand its product offerings.

๐Ÿ”‹ Battery Smart, an Indian battery swapping network, raised a $65M Series B from LeapFrog to further expand in the Indian market.

๐Ÿ’Š Adcytherix, a French biopharmaceutical company, raised a $32M Seed from Pontifax to grow operations and enhance development.

๐Ÿ’ป Tendred, a Danish digital transformation company, raised a $30M Series A from A.P. Moller Holding to expand its global presence further.

๐Ÿงฌ Moleculent, a Swedish biology platform provider, raised a $26M Series A from ARCH Venture Partners and Eir Ventures to scale its operations and R&D sector.

๐Ÿ’ผ M&A

๐Ÿฉบ ClinicalMind, a New York-based healthcare agency, acquired Sensified, a North Carolina-based healthcare communication company.

๐Ÿ–ฅ๏ธ NeuroFlow, a Pennsylvania-based digital health platform, acquired Owl Insights, a Washington-based healthcare SaaS platform.

โ™ป๏ธ Certified Recycling, a California-based recycling and waste management company, acquired Waste Control, a California-based waste and recycling consulting services company.

๐Ÿ“… Economic Calendar

Fed Rate Decision, BoJ Interest Rate, Inflation + More

Wednesday, June 12th 2024

๐Ÿ‡ฌ๐Ÿ‡ง UK GDP, April
๐Ÿ‡บ๐Ÿ‡ธ US Core Inflation Data, May
๐Ÿ‡บ๐Ÿ‡ธ US Inflation Data, May
๐Ÿ‡บ๐Ÿ‡ธ US Fed Interest Rate Decision
๐Ÿ‡บ๐Ÿ‡ธ US FOMC Economic Projections
๐Ÿ‡บ๐Ÿ‡ธ US Fed Press Conference

Thursday, June 13th 2024

๐Ÿ‡บ๐Ÿ‡ธ US PPI, May

Friday, June 14th 2024

๐Ÿ‡ฏ๐Ÿ‡ต Japan BoJ Interest Rate Decision
๐Ÿ‡บ๐Ÿ‡ธ Michigan Consumer Sentiment (Preliminary), June

Tuesday, June 18th 2024

๐Ÿ‡ฆ๐Ÿ‡บ Australia RBA Interest Rate Decision
๐Ÿ‡ฉ๐Ÿ‡ช Germany ZEW Economic Sentiment Index, June
๐Ÿ‡บ๐Ÿ‡ธ US Retail Sales Data, May
๐Ÿ‡ฏ๐Ÿ‡ต Japan Balance of Trade, May

Wednesday, June 19th 2024

๐Ÿ‡ฌ๐Ÿ‡ง UK Inflation Data, May

Thursday, June 20th 2024

๐Ÿ‡ฌ๐Ÿ‡ง UK BoE Interest Rate Decision
๐Ÿ‡บ๐Ÿ‡ธ US Building Permits (Preliminary), May
๐Ÿ‡ฏ๐Ÿ‡ต Japan Inflation Data, May

Friday, June 21st 2024

๐Ÿ‡ฌ๐Ÿ‡ง UK Retail Sales Data, May
๐Ÿ‡ฉ๐Ÿ‡ช Germany HCOB Manufacturing PMI (Flash), June

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