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Read the latest news from Banorte Securities and our partners.
3Q20 Outlook – Resilient markets despite fears about COVID-19 and recession
Published September 24, 2020
The world is sailing through one of the toughest storms in a century, facing an irksome sanitary crisis with more than 10 million confirmed cases of Coronavirus and slightly more than half a million fatalities. Consequently, governments have been dealing with a complex conundrum since March, between restricting mobility to curb the pandemic on one hand, and gradually reopening the economy to avoid an even worst recession on the other.
Banorte Securities International Relocates U.S. Headquarters to Houston
Published September 14, 2020
Prominent Mexican financial institution brings 100-years of relationship-driven, international wealth management to Texas Sept. 14, 2020 – HOUSTON – Banorte-Ixe Securities International, Ltd. (BSI), member FINRA and SIPC, an investment management and brokerage service company, announced today the relocation of their U.S. headquarters to Houston. Led by a new and experienced management team, the relocation…
Consumer confidence – Picks up in August, albeit still impacted by the pandemic
Published September 8, 2020
Consumer confidence (August, sa): 34.6pts; previous: 34.1pts With today’s publication, INEGI and Banxico resumed their traditional publication of consumer confidence, ending the phone survey method. However, they note that in this case, figures from the historical series are comparable, allowing for a continuous analysis of this indicator We should note that confidence still remains considerably…
Ahead of the Curve
Published September 4, 2020
We expect an additional uptick in August’s inflation and July’s IP to extend gains ▪ Inflation (August). We estimate headline inflation at 0.37% m/m (previous: 0.66%), with core prices up 0.30% after advancing 0.40% in July. The latter would contribute 23bps, with the non-core more modest at +14pb. The first fortnight was above market expectations…