Markets & Data
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.
Stocks rise marginally higher on Fed comments
Dow Jones - Mexican stocks were marginally higher Thursday as U.S. unemployment claims fell but comments from the head of the U.S. Federal Reserve were cautious. The IPC index rose 2 points to 37,711 points on strong volume.
Inbursa 2011 profits suffer from market volatility
Dow Jones - Mexican financial-services company Grupo Financiero Inbursa said Thursday that its net profit shrank in 2011 to 6.03 billion pesos ($471 million) from 8.01 billion pesos in 2010 due to volatile markets and investment losses.
BBVA Bancomer 2011 deposits grew 10%
Fox - The Mexican unit of Spain's Banco Bilbao Vizcaya Argentaria (BBVA) said its deposits grew 10 percent on the year to 381.4 billion pesos ($29.3 billion), while its credit portfolio expanded 9 percent.
www.foxbusiness.com/news/2012/02/02/mexicos-bbva-bancomer-2011-deposits-grew-10-loans-by/
Cemex says it will meet its financial obligations
Dow Jones - Highly leveraged Mexican cement and building materials company Cemex said today, Thursday, it is confident it will be able to meet its financial obligations this year with the aid of asset sales and free cash flow from improving operations.
Pemex posts $25 billion trade surplus in 2011
Latin American Herald Tribune - Petroleos Mexicanos, or Pemex, said it posted a trade surplus of $24.99 billion in 2011, up 28 percent from the prior year. Exports totaled $55.79 billion, while imports came in at slightly more than $30.8 billion.
Peso strengthens amid optimism for U.S. manufacturing
Bloomberg - Mexico’s peso advanced the most in two weeks as speculation that manufacturing growth is quickening in the U.S. boosted the outlook for the Latin American country’s exports. The peso rose 0.8 percent to 12.9408 per U.S. dollar.
U.S.-Canada-Mexico trade rises 12.7% in November
Truckinginfo - Trade using surface transportation between the U.S. and Canada and Mexico was 12.7 percent higher in November 2011 than in November 2010, totaling $76.7 billion, according to the U.S. Department of Transportation.
Mexico hedges 2012 oil at $85 a barrel
Bloomberg - Mexico, the third-largest supplier of oil to the U.S., has locked in prices for 2012 oil exports at $85 a barrel. The nation normally hedges oil exports to cover a possible revenue shortfall if prices fall.
www.bloomberg.com/news/2012-01-31/mexico-hedged-2012-oil-at-85-a-barrel-finance-ministry-says.html
Stocks dip sharply lower as Greek talks cause concern
ow Jones - Mexican stocks were sharply lower in early trading on Monday, kicking off the week with fresh fears over Greek debt talks and the euro-zone debt crisis. The IPC index was down 0.9 percent to 36,847 points.
