Intercam News

The Day at a Glance | October 26 2021

The Top *Democrats discard increasing corporate taxes in order to finance Biden`s economic plan. *Global trade volume grew 0.8% in August after a (-) 1.4% contraction in July: CPB. *Inflation for producers in Spain continued to accelerate at an annual record rate of 23.6% in September. *China and the United States confirmed an improvement in

[ Read More ]

The Day at a Glance | October 25 2021

The Top *Janet Yellen expects inflation to remain high until halfway through 2022, but rejected the idea that the U.S. will lose control over the rise in prices. *Mexico`s economy contracted (-) 1.6% in August (3.8% annual), according to the IGAE. *China once again implements quarantine measures and restrictions in light of new outbreaks of

[ Read More ]

The Day at a Glance | October 22 2021

The Top *Inflation in Mexico once again surprised to the upside. *The economic slowdown continued in Europe during October; businesses transferred costs onto consumers. *Biden acknowledges that he doesn`t have enough support in the Senate to increase corporate taxes. *Chair of the FED Jerome Powell will make comments in a discussion panel organized by the

[ Read More ]

The Day at a Glance | October 21 2021

The Top *International Chamber of Commerce Mexico warned about severe consequences if the electric power reform is approved in the country. *Retail sales in Mexico exceeded estimates by avoiding a contraction in August (0% m/m; 6.6% annual). *Inflation in the United Kingdom set at an annual 3.1% rate during September. *South Korea´s exports increase, Taiwan

[ Read More ]

The Day at a Glance | October 20 2021

The Top *Mexico`s economy grew at a 5% annual rate in September. *Democrats reduce Biden`s economic package to unblock its approval. *Chinese real estate company Sinic Holdings Group declares bankruptcy; grace period for Evergrande comes to an end this week. *President of the Bundesbank Jens Weidmann quits due to personal reasons; warns about inflation in

[ Read More ]

The Day at a Glance | October 19 2021

The Top *It`s unlikely that Biden`s economic agenda will be approved by the end of the month: Joe Manchin, Democratic Senator. *Air transport prices increase in light of company efforts to restore inventories before Christmas. *Inflation in Europe is still mostly transitory, but should not extend for much longer: Olli Rehn, member of the ECB.

[ Read More ]

The Day at a Glance | October 18 2021

The Top *China slows down more than expected in the 3Q21. *Biden is willing to negotiate the duration of the programs proposed in his economic plan in order for Congress to approve it. *Economic indicators: Industrial production data in the U.S. is expected to be made public (0.2%e. m/m). Economic environment China`s economy grew less

[ Read More ]

The Day at a Glance | October 15 2021

The Top *Retail sales in the United States exceeded estimates by logging growth in September. *The rise in prices in Mexico`s economy is concerning: Jonathan Heath, Deputy Governor of the Central Bank of Mexico. *Electric reform will not cancel contracts with private businesses for the generation of electricity through renewable sources: Morena. *Central Bank of

[ Read More ]

The Day at a Glance | October 14 2021

The Top *Natural gas crisis is carrying over to the oil market: IEA. *Inflation for producers in China increases to its highest level in 26 years (10.7% annual, Sep.), boosted by coal and raw material prices. *Germany`s growth estimates for 2021 were cut substantially due to productive chain problems: 2.4% vs. 3.7% prev. *Los Angeles

[ Read More ]