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The Top · Sessions in the US Congress conclude on October 2nd; there are still no agreements regarding a new fiscal stimulus. · Trump announced $13 billion dollars of aid for the US agricultural sector. · The FED considers extending limits of dividend payments on behalf of banks until the end of 2020 given the

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The Top · The FED keeps interest rates and purchasing programs unchanged; rates will be close to zero until 2023 or until full employment and inflation above 2% have been reached. · OECD forecasts a (-) 4.5% contraction in the global economy in 2020; (-) 10.2% for the Mexican economy. · United States legislators present

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The Top · Consumption in China recovered during August and boosted growth. · Federal Reserve will hold a meeting today and it will announce its monetary policy decision tomorrow. · The recovery in demand for crude oil will slow down in the second half of 2020: International Energy Agency. · Economic indicators: Sentiment among investors

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The Top · OPEC adjusts demand for crude oil estimates downwards. · Boris Johnson presents the law denounced by Europe as a threat to Brexit agreements in Parliament. · Economic indicators: Industrial production falls less than expected in Europe (-7.7% monthly in July vs -8.2% e.). Economic environment According to the monthly report published by

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The Top · The United Kingdom signed a free trade agreement with Japan as Brexit negotiations are at risk of failing. · China will sanction American diplomats in retaliation for similar measures by the US. · Credit grew in China more than expected during August, which feeds expectations of a firm recovery in the economy.

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The Top · ECB leaves interest rates and asset purchasing programs unchanged. · Republicans will vote on a scaled back fiscal package in the Senate today. · PEMEX could look for funding in local markets instead of international ones. · Foreign exchange earnings from tourism in Mexico remain at 78.5% below what was observed in

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The Top · Inflation in Mexico reaches 4.05% annual during August. · The Ministry of Finance and Public Credit (SHCP for its initials in Spanish) presents the 2021 Economic Package with an estimated 4.6% growth next year. · The US prepares restrictions regarding cotton and tomato imports from Xinjiang, China, after accusations of forced labor.

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The Top · Trump affirms he will end the United States economic dependence on China; he seems to be in favor of untying both economies. · Aramco cuts Arab light crude oil prices that will be sold in Asia and the US during October, the larget cut since May. WTI falls to $37 dpb. ·

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The Top · Chinese exports record their greatest expansion since 2019. · India surpasses Brazil and is now the second most affected country by COVID-19. · Economic indicators: Sentix investor confidence in Europe (-8 vs -10.5 e.). Economic environment Chinese exports recorded their third consecutive month of expansion in August as global demand recovers. Exports

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The Top · Employment in the US in line with estimates during August: 1.4M jobs created, unemployment at 8.4%. · Around 52% of jobs lost during April in Mexico have been recovered in the last 3 months, most of them informal. · Pelosi and Mnuchin agree to avoid a government shutdown in October; they have

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