Intercam News

The Day at a Glance | April 16 2020

The US will announce guidelines to resume activities After most recent figures regarding new coronavirus cases in the US show a slowdown, the United States administration prepares to announce a list of guidelines that will allow a gradual return to normal activities in the economy. President Donald Trump plans to ease social distancing requirements and

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The Day at a Glance | April 15 2020

Crude oil storage capacity will be depleted by the middle of the year: IEA The International Energy Agency (IAE) forecasts a record fall in demand for crude oil this year, which will deplete the storing capacity by halfway through the year, despite agreed upon cutbacks by OPEC+. The IEA expects a contraction in demand of

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The Day at a Glance | April 14 2020

Meetings start at the IMF and World Bank This Tuesday, spring meetings will begin at the International Monetary Fund and the World Bank, with high expectations among markets concerning actions these institutions will take in light of the crisis caused by the coronavirus, particularly in vulnerable economies. It`s expected measures will be designed and announced

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The Day at a Glance | April 13 2020

FED appraises COVID-19`s impacts In statements made to the media, members of the US Federal Reserve have expressed concerns regarding the virus`s strongly negative impact on the American economy. Vice-president Richard Clarida assured he expects to see a severe impact on the economy, especially in demand, which could generate deflationary pressures. In light of this,

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The Day at a Glance | April 8 2020

No agreement reached in Europe regarding fiscal package The Finance Ministers of European Union country members met yesterday in an unsuccessful attempt to define a coordinated fiscal stimulus package in order to back the economy in light of COVID-19. The main point of cause of disagreement concerns the proposed bond issuance backed by the block`s

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The Day at a Glance | April 7 2020

Inflation decelerates more than expected due to energy prices According to figures published by the INEGI this morning, general inflation in March decelerated to 3.25% annually, after a (-) 0.05% setback during the month. The underlying index continued its moderate downwards tendency and set at 3.6% annual (0.29% monthly), with moderate increases in prices of

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The Day at a Glance | April 6 2020

Stimulus proposal in Mexico Yesterday, Mexico`s President Andrés Manuel López Obrador presented a series of measures to back the economy during the health contingency due to COVID-19, even though it was perceived as insufficient. The President announced there would be an increase in public investment to create up to 2 million jobs in the next

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The Day at a Glance | April 3 2020

Largest contraction in employment in the US since march 2009 Figures published by the US Bureau of Labor Statistics confirmed that 701 thousand jobs were lost in the US economy during the month of March, number way above the analyst consensus estimate (-100 thousand e.). This took the unemployment rate to 4.4%, a level not

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The Day at a Glance | April 2 2020

Initial jobless claims in the US continue to increase A new record of initial jobless claims in the United States was reached last week, after recording 6.5 million new claims for government support because of unemployment in the week of March 23-28. Figures exceeded expectations once more and adds to concerns of larger impacts of

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The Day at a Glance | April 1 2020

Manufacturing affected at a global level due to coronavirus Final economic activity figures at a global level in manufacturing confirmed that March was one of the worst months in many years for the sector, this after the closing of factories and damage seen occur in supply chains. In Europe, manufacturing activities deepened their contraction in

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