Intercam News

The Day at a Glance | March 3 2021

The Top · Senate in Mexico approves changes made to the Electricity Industry Law; the opposition is expected to reclaim institutionalism before the Supreme Court. · US could vaccinate its entire population by May: Biden. · US Senate starts debate regarding fiscal stimulus; unemployment aid and checks to households could be reduced. · ECB carries

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The Day at a Glance | March 2 2021

The Top · FED once again calls for calmness after recent adjustments were seen in sovereign debt markets. · Biden and AMLO discuss migration, climate change and COVID-19 in first bilateral meeting; security and energy were not part of the agenda. · Regulators in China expressed concern regarding possible financial bubbles in European and US

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The Day at a Glance | March 1 2021

The Top · China`s economy slows down during February due to lunar new year festivities. · The US House of Representatives approved Biden`s proposed fiscal package on Saturday; it will go to the Senate. · Mexicans transfered more than 9 billion dollars out of the country during 2020: Banxico. · Manufacturing PMI in Europe was

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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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