Intercam News

The Day at a Glance | January 22 2021

The Top · PMIs confirm a deeper contraction in Europe during January. · Inflation in Mexico accelerates more than expected in the first two weeks of 2020 (0.51% vs 0.34% e.). · Republicans` opposition towards President Biden`s fiscal proposal grows. · Iran announces that it will increase crude oil production in close to 3.9 million

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The Day at a Glance | January 21 2021

The Top · ECB keeps monetary policy unchanged. · It`s likely that PEMEX will require more government aid, which keeps the company as a risk for public finances: Fitch. · Economic indicators: Jobless claims in the US slowed down to 900 thousand (920 thousand e.); unemployment in Mexico drops to 3.8%. Economic environment The European

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The Day at a Glance | January 20 2021

The Top · Joe Biden takes possession in the United States. · Secretariat of Economy in Mexico presents plan for the economy`s reactivation. · Economic indicators: Inflation in Europe (-0.3% annual, December). Economic environment Joe Biden will take possession as the United States 46th President today, in an event that will count on strong precautionary

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The Day at a Glance | January 19 2021

The Top · Janet Yellen will request greater public spending as Secretary of the Treasury at Senate confirmation hearing. · Mexican government dispute with American companies in the energy sector could lead to USMCA dispute resolutions. · EIA cuts crude oil demand estimates for the 1Q21 in 600 thousand daily barrels after quarantines are implemented

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The Day at a Glance | January 13 2021

The Top · House of Representatives will vote to impeach President Trump for a second time after motivating the attacks on the Capitol. · Tax revenues increased 0.7% in 2020, according to preliminary figures published by the SAT. · James Bullard (St. Louis FED) suggests waiting to see how employment and inflation develop before discussing

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The Day at a Glance | January 12 2021

The Top · Stricter confinement measures slow down the distribution of vaccines and would push the Eurozone into a new recession. · Kaplan (Dallas FED) and Barkin (Richmond FED) agree with other members of the FED: Talks of withdrawing monetary stimulus may begin towards the end of 2021. · Private consumption increased 1.1% in Mexico

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The Day at a Glance | January 11 2021

The Top · Industrial production increased 1.1% in Mexico during November. · FED would consider decreasing its purchasing program this year if the recovery is firm. · Markets start to take interest rates rises in 2023 into consideration. · Economic indicators: Inflation in China accelerates during December, boosted by food prices (0.2% annual). Economic environment

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