markets-featured
Consumer confidence rises first time in 3 months
Sentido Comun - Consumer confidence in Mexico rose 2.6 percent, seasonally adjusted, in January against December, the first rise in the last three months. In annual terms, consumer confidence improved 3.4 percent up against January 2010.
ICA climbs the most in three months on debt outlook
Bloomberg - Empresas Ica, Mexico’s biggest construction company, climbed the most in three months amid optimism the completion of government projects this year will help reduce debt.
CPI up faster than expected in early January
Dow Jones - Mexico's consumer prices rose more than expected in the first half of January as agricultural prices kept moving higher, although lower fixed-line phone tariffs and a decline in tourism and travel costs after the holiday season softened the spike.
www.nasdaq.com/article/data-snap-mexicos-cpi-up-more-than-expected-in-early-january-20120124-00826
Peso bond yields tumble to 10-week low
Bloomberg - Mexico’s benchmark peso bond yields fell to a 10-week low as an improving global economic outlook fueled investor demand for emerging-market assets.
Bimbo plans benchmark 10-year dollar bonds
Bloomberg - Grupo Bimbo, the world’s largest bread maker, plans to sell 10-year notes denominated in U.S. dollars in its first bond offering in more than 18 months. The debt might be issued as soon as today, Jan. 18.
Public debt chief eyeing return to Samurai issue
MNI - Looking to diversify the debt portfolio further, Mexico's Treasury is keen to issue its first non-JBIC guaranteed Samurai bond in more than a decade, Mexico public debt chief Alejandro Diaz de Leon told MNI in an interview.
mninews.deutsche-boerse.com/index.php/mexico-public-debt-chief-eyeing-return-samurai-issue
Mexico's bolsa to be one of fastest bourses in world
Financial Times - Bolsa Mexicana de Valores (BMV), the Mexican exchange operator, is completing work on a new trading platform that will process orders 200 times quicker than the current system, making it one of the fastest in the world.
www.ft.com/intl/cms/s/0/781c5d8e-39ea-11e1-8707-00144feabdc0.html#axzz1j40Hv56R
Elektra share surge spooks Mexico investors
Reuters - Anyone investing in funds linked to Mexico's IPC stock index in 2011 would have lost nearly double their money had it not been for the gains of a little-known company whose shares rarely change hands. Grupo Elektra's stock almost tripled.
www.reuters.com/article/2012/01/06/us-mexico-elektra-idUSTRE8051Q520120106
Telmex to delist from foreign markets
Dow Jones - Telefonos de Mexico said Monday its shareholders agreed to delist the company's shares from U.S. and other foreign exchanges. The decision to delist comes after America Movil acquired an additional 33 percent of Telmex.
online.wsj.com/article/BT-CO-20111219-713511.html
Santander Mexico might sell $1.1 billion debt
Bloomberg - Banco Santander Mexico’s unit might sell as much as 15.2 billion pesos ($1.1 billion) in floating and fixed-rate bonds, Standard & Poor’s said in an e-mailed statement.
