Intercam News

The Day at a Glance | February 25 2021

The Top · A (-) 8.5% contraction in the Mexican economy was confirmed during 2020; the 4Q20 showed recovery that exceeded estimates (3.3% quarterly; -4.5% annual). · Rise in oil prices increases inflationary risks in emerging countries; Brazil and Nigeria could start to see interest rates increase. · Katherine Tai, nominated by Biden to be

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The Day at a Glance | February 23 2021

The Top · Powell will testify before the Senate; an expansionary monetary policy is expected to be confirmed. · ECB monitors sovereign debt markets closely; the rise in rates of long term instruments could hinder recovery, assures Lagarde. · Economic indicators: Consumer confidence figures in the US are expected to be published (90 e.). Economic

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The Day at a Glance | February 22 2021

The Top · Democrats will begin final steps to approve President Biden`s fiscal package this week. · Russia and Saudi Arabia differ on the permanence of crude oil production cuts before OPEC+ meeting next week. · Markets start to take higher interest rates in the US into consideration; halfway through 2023. · Germany considers increasing

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The Day at a Glance | February 19 2021

The Top · The European economy records a fourth consecutive month of contraction in February. · G7 leaders put spotlight on vaccine campaigns and a global economic recovery. · Biden administration confirms its willingness to negotiate a nuclear deal with Iran, previously dropped by Trump. · Economic indicators: PMIs in the US are expected to

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The Day at a Glance | February 18 2021

The Top · FED meeting minutes confirm that the central bank will take an accommodative stance for a longer period of time; sustained inflationary pressures are discarded. · Texas Governor Greg Abbott orders no exporting by natural gas producers; electricity generation in Mexico would be affected. · Mexico prepares new reductions regarding PEMEX`s tax burden,

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The Day at a Glance | February 17 2021

The Top · January`s retail sales in the United States exceeded estimates (5.3% vs 1.1% e.). · Japanese exports grew 37.5% in January, boosted by the Chinese recovery. · 10-year US Treasury Bill reached 1.33%, its highest level since February of 2020; this boosted the dollar. · The Federal Reserve`s meeting minutes will be made

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The Day at a Glance | February 16 2021

The Top · Winter storm in Texas takes oil above $60 dpb after creating disruptions in production. · China considers restricting rare earth mineral exports; this could affect the military industry and US defense. · Economic indicators: Employment increases 0.3% in Europe during the 4Q20. Economic environment West Texas Intermediate (WTI) prices increased to their

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The Day at a Glance | February 15 2021

The Top · Gerardo Esquivel, Deputy Governor of the Central Bank of Mexico, considers there is still room for two more cuts in interest rates. · The Japanese economy surprisingly recorded a 12.7% annualized rate of growth in the 4Q20. · Ngozi Okonjo-Iweala was elected to lead the World Trade Organization. Economic environment According to

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