Intercam News

The Day at a Glance | December 3 2020

The Top · IMEF shows weak recovery regarding Mexico`s economy during November. · FED does not plan to decrease or increase its purchasing program in the short term: Powell. · France threatens to veto Brexit agreement; negotiating teams expect to reach an agreement in the following days. · OPEC+ still has not reached a consensus

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The Day at a Glance | December 2 2020

The Top · Biden will not eliminate tariffs placed on China; he will revise strategy with allies and maintain “phase 1” agreement. · Nancy Pelosi and Mitch McConnell renew efforts to reach a fiscal agreement in the US; and a bipartisan group is promoting a $908 billion dollar package. · Labor outsourcing discussions in Mexico

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The Day at a Glance | December 1 2020

The Top · OECD reduces global 2021 estimates, calls on governments to maintain stimuli. · OPEC+ postpones meetings until Thursday after no agreement was reached to extend production cuts. · Jerome Powell assured that the US recovery will remain uncertain and weak before Congress, despite the news revolving around the development of vaccines. Economic environment

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The Day at a Glance | November 30 2020

The Top · China grows more than expected in November. · OPEC+ will start formal meetings today to decide on the extension of production cuts. · FDI in Mexico`s automobile sector recorded a negative balance of 389 million dollars in the 3Q20 despite the USMCA. Economic environment Leading economic activity indicators in China surprised to

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The Day at a Glance | November 27 2020

The Top · Mexican exports continued to recover at a firm pace in October. · Chinese industrial companies` incomes grow at their fastest rate in nine years during October. · India enters a recession after persistent negative effects by the pandemic on its economy. · Brexit negotiations have still not reached an agreement, Britain and

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The Day at a Glance | November 26 2020

The Top · Growth in Mexico was slightly revised upwards (3Q20 12.1% vs 12% prev.). · News regarding vaccines triggered capital flows towards emerging markets: IIF. Economic environment Figures revised by the INEGI regarding Mexico`s GDP confirmed historical economic expansion in the 3Q20. Growth set at 12.1% quarter over quarter after a strong contraction was

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The Day at a Glance | November 24 2020

The Top · Inflation slows down in Mexico. · Biden choses Janet Yellen for Treasury Secretary. · Economic indicators: Unemployment in Mexico falls more than expected (4.7% vs 5% e.). Economic environment Mexico`s Consumer Price Index recorded a larger than estimated increase during the first half of November. Growth was barely 0.04% biweekly, figure wav

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The Day at a Glance | November 23 2020

The Top · Europe records economic contraction in November. · Trump`s administration prepares actions to restrict tech exports to 89 Chinese firms. · Economic indicators: United States PMI (manufacturing 53 e.; services 55 e.). Economic environment The implementation of new mitigation measures in Europe affected economic activity in November. The European block`s Composite PMI pointed

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