Intercam News

The Day at a Glance | July 28 2021

The Top *IMF forecasts growing difference between advanced and emerging economies; it warns about the risk of persistent inflation. *Moody`s downgrades PEMEX`s credit rating to “Ba3” with a negative outlook. *The FED will make a monetary policy decision this afternoon (1:00 pm Mexico City time). *COVID-19: CDC suggests using facemasks in closed spaces in the

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The Day at a Glance | July 27 2021

The Top *Mexico`s economy grew 0.6% during May, 25.3% at an annual rate. *Exports(0.25% m/m; 29.1% y/y) and imports (0.24% m/m; 52.3% y/y) continued to recover during June. *Flight of capital risks in Chinese markets increase after firm regulatory actions in Beijing were carried out in the tech and education sectors. *Republicans and Democrats still

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The Day at a Glance | July 26 2021

The Top *Global COVID-19 infections increased to their highest level in two months. *United States Senators are seeking to conclude negotiations regarding the infrastructure spending package this week. *Crude oil production in Mexico is close to 1.68 million daily barrels (+0.1% monthly; +4% annual). *Confidence in the German economy surprised to the downside (Ifo 100.8

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The Day at a Glance | July 23 2021

The Top *The European economy continued to accelerate in July. *Retail sales in Mexico increased more than expected during May (0.6% monthly vs. 0.3%e.; 29.7% annual vs. 28.7%e.). *Christine Lagarde assured that the ECB has learned from its past mistakes and will not impede the recovery with an anticipated withdrawal of stimuli. *Russia`s Central bank

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The Day at a Glance | July 22 2021

The Top *Inflation in Mexico slows down to an annual rate of 5.75% during the first half of July. *ECB will maintain stimuli for a longer period of time. *CCE will announce a third infrastructure investment package for Mexico. *Economic indicators: Jobless claims increased in the United States (419 thousand vs 350 thousand e.). Economic

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The Day at a Glance | July 20 2021

The Top *Recession in the United States during 2020 lasted 2 months: NBER. *SAT and SENER suspend services for 82 businesses in the energy sector for not complying with legal, tax-paying requirements. *Central Bank of China maintains interest rates unchanged (3.85%). *Inflation for producers in Germany accelerates to 8.5% annual during June. Economic environment The

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The Day at a Glance | July 19 2021

The Top *OPEC+ reaches an agreement; it will increase production in 400 thousand barrels a day every month starting in August and until the end of 2022. *The Timely Indicator of Economic Activity forecasts a 14.7% annual rate of growth for Mexico´s economy during June. *The Ministry of Finance and Public Credit will be more

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The Day at a Glance | July 15 2021

The Top *China grew slightly less than expected in the 2Q21; it`s still set to record a 6% increase in 2021. *Members of the Central Bank of England showed concern for inflation; stimuli could be withdrawn soon. *Economic indicators: Industrial production figures in the United States will be made public (0.6% e. m/m). Economic environment

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