Intercam News

The Day at a Glance | May 13 2021

The Top *The Central Bank of Mexico will carry out a monetary policy decision today (4% e.; 1:00 pm Mexico City time). *Despite the surprising rate of inflation seen in April, we continue to consider that the rise is temporary: Richard Clarida, Vice-President of the FED. *UN shows concern regarding tensions in Gaza; the risk

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The Day at a Glance | May 12 2021

The Top *Inflation in the United States exceeded estimates in April: 4.2% annual (0.8% monthly). *European Commission increases growth estimates for the EU from 3.8% to 4.3%; the economy would reach pre-pandemic levels at the end of the year. *IEA warns that the demand for oil could exceed supply in the second half of the

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The Day at a Glance | May 11 2021

The Top · *FED officials assure that April`s disappointing employment figures don’t modify the expectations in the labor market`s recovery. · *Prices for producers in China increased to their highest levels since 2017 in April (6.8% annual); there are no signs of costs being transferred to consumers (CPI 0.9% annual). · *Gross fixed investment in

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The Day at a Glance | May 10 2021

The Top · *Labor Federation in the United States prepares first complaint against Mexican company for non-compliance regarding labor laws in the USMCA. · *Gasoline prices increase in the US after infrastructure cyber-attack on pipelines; it`s feared that scarcity will occur in the eastern part of the country. · *Economic indicators: Investor confidence grows in

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The Day at a Glance | May 7 2021

The Top *Inflation in Mexico confirmed acceleration slightly above estimates for April (6.08% annual vs 6.01% e.). *Employment figures in the US disappointed as they logged an increase of 266 thousand (vs 1M e.); unemployment increased to 6.1% (vs 6% e.). *FED warns that the financial system`s vulnerability has increased due to growing appetite for

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The Day at a Glance | May 6 2021

The Top *The US will back an international petition in the WTO to suspend the protection of vaccine patents in efforts to increase global production. *Central Bank of England keeps interest rates and the purchasing program unchanged, although it assures that it has slowed down the rhythm of purchases. *Jobless claims fell for a fourth

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The Day at a Glance | May 5 2021

The Top *Janet Yellen clears up comments made regarding interest rates. *EU publishes plan to reduce dependency on China and other countries regarding the supply of raw materials, pharmaceuticals and semiconductors. *Jobs created in the private sector set below estimates in the US: ADP 742 thousand vs 800 thousand e. *Poland approves European Recovery Fund

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The Day at a Glance | May 4 2021

The Top *Income from remittances broke their previous record in March; 4,151 million dollars, which is equivalent to a 31% monthly rise (2.6% annual). *Treasury department in the US will need 1.3 trillion additional dollars for spending in the second half of the year. *PEMEX`s crude oil exports drop below 1 million daily barrels (969

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The Day at a Glance | May 3 2021

The Top *Yellen doesn’t think that Biden`s spending plans will create inflation. *Manufacturing PMI in Europe was revised downwards (62.9 vs 63.3 prev.). *Economic indicators: Manufacturing ISM will be made public in the US (65 e.). Economic environment Secretary of the Treasury Janet Yellen assured that President Biden`s economic plan will not create any inflationary

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The Day at a Glance | April 30 2021

The Top *Mexican economy grows more than expected in 1Q21 (0.4% q/q vs 0.1% e.). *Europe fell back into a recession in the 1Q21; GDP contracts 0.6%. *PMIs reveal that growth in China becomes more moderate. *Inflation (PCE) in the US increases in line with estimates during March: 2.3% annual (1.8% underlying); US citizens` incomes

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