Intercam News

The Day at a Glance | February 23 2022

The Top *U.S. sanctions Russia with bank restrictions and broadening limitations on trading of Russian government debt in Western markets. *U.S. consumer confidence reached its lowest level in 5 months (110.5); inflation increases concerns. *Vladimir Putin assures that he is still open to diplomatic solutions as long as Russia`s security interests are respected. *The White

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The Day at a Glance | February 22 2022

The Top *Putin recognized two separatist Republics (Donetsk, Luhansk) in eastern Ukraine and signed military aid and cooperation agreements with both. *E.U. proposes sanctions on Moscow for its actions in Ukraine. *Member of the FED Michelle Bowman suggests that a 50 bp increase in March is still an option if inflation continues to surprise to

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The Day at a Glance | February 21 2022

The Top *PMI`s point out that there was a strong recovery in Europe`s economy during February; prices accelerated at a record pace. *The Kremlin denies that a meeting between Biden and Putin to resolve tensions in Ukraine has been confirmed. *Zhenro Propertires Group Ltd. is China`s most recent developer to warn of a possible default.

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The Day at a Glance | February 18 2022

The Top *Mester backs a faster cycle of increasing rates in case its necessary to contain inflation. *Russia and the United States confirmed that they will continue to have diplomatic conversations next week to negotiate issues with Ukraine. *Markets now consider that a 50bp increase on behalf of the FED will occur with less than

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The Day at a Glance | February 17 2022

The Top · Ukraine`s government and separatists accuse each other of firing across ceasefire line in the Donbas region. · Markets take into account 6 interest rate increases in the United States after the FED`s meeting minutes were made public. · The U.S. Department of Agriculture will suspend the importation of avocados from Michoacán after

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The Day at a Glance | February 16 2022

The Top *Inflation in China surprised to the downside. *Retail sales in the U.S. showed a strong rebound in January (3.8% annual vs 2%e.); a sign of strength in consumption. *Jens Stoltenberg, NATO Secretary General, assured that there is no evidence that Russian troops are withdrawing from the border with Ukraine. *The FED`s meeting minutes

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The Day at a Glance | February 15 2022

The Top *The World Bank warns of possible debt defaults among emerging economies as global rates increase. *Russia withdrew some troops from the border with Ukraine after military exercises came to an end, a sign of a possible de-escalation. *Inflation for producers surprised to the upside in the United States during January (1% monthly vs

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The Day at a Glance | February 14 2022

The Top *Esther George (Kansas City FED) discarded an interest rate increase during the central bank`s emergency meetings. *New conversation between Biden and Putin fail to halt tensions in Ukraine; U.S. warns of possible invasion this week. *Russian Foreign Minister Sergei Lavrov backs the idea of maintaining diplomatic efforts with the West in order to

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The Day at a Glance | February 11 2022

The Top *Markets take into account a 50bp increase in interest rates in March with a 50% probability. *Lagarde warns that aggressive action in order to contain inflation on behalf of the ECB could hinder the economic recovery. *Industrial activities accelerated their recovery in Mexico during December (1.2% monthly; 2.4% annual). Economic environment Aggressive actions

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The Day at a Glance | February 10 2022

The Top *Inflation in the United States surprised to the upside (7.5% vs 7.2%e.). *Central Bank of Mexico will make a monetary policy decision this afternoon. *Russia and Belarus are carrying out military exercises on the border with Ukraine; the Kremlin once again denied intentions to invade. *Sent by the U.S. government, John Kerry held

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