Boletin Solo Negocios

Solo Negocios Bulletin


i

Date

July 18, 2018

Welcome! Solo Negocios Bulletin. Decision-making tool, free to access and free to share. In Solo Today, in the Solo Negocios Bulletin, macroeconomic and financial indicators resulting in Negocios, we offer you advising to support you appreciation for the Peso, positive stock markets, Beige Book of the Fed, global oil goes up, total in your company / institution. Contact data at inventories increased last week. We issue also the Solo Negocios Tip. We hope all the SNB is useful margin, don't hesitate to reach us. Invite your for you; and remember that: contacts to receive it SNB! Indicator Increase Decrease

Explanations, technical notes and sources, here.

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Solo Negocios Tip Finance Division comment on Tax accounting

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In this version, we offer: SOLO NEGOCIOS TIP Finance Division comment on Tax accounting ECONOMIC INDICATORS Foreign Exchange and Metal Markets Stock Exchange Market Money Market Energy Market Next Day Economic Agenda

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One of the few good things about the 2014 Fiscal Reform is that with the change and imposition of article 28 fr. III and IV of the Federal Fiscal Code in Mexico, fiscal accounting applicable to all companies, will result in more financial information available to improve decision making. Of course on the one hand is the fact of lack of corporate culture, to assimilate and use financial information in decision-making. On the other hand, the actual fact of many tax evasion, which provokes not to have complete fiscal accounting, and hence boldness of electronic accounting now will not necessarily expose the financial reality of the company. But, in general, compliance with the provision will make it more feasible to make the best business decisions, only if, we get used to obtain this information from accounting departments, and use it appropriately. For this matter, Solo Negocios has the human capital to provide support in this transition, towards a better decision-making scenario.

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ECONOMIC INDICATORS Foreign Exchange and Metal Markets

Concept Buy Variation % Var.30 days % US Dollar National Average 18.09 0.01% -7.83% US Dollar Minimum National 17.47 At Bancomer US Dollar Maximum National 18.68 At HSBC Spread Minimum 0.46 @ HSBC Maximum Fix US Dollar Today 18.836 -0.26% -7.60% US Dollar Interbank (48h.) 18.8455 -0.16% -8.17% US Dollar Juarez Average 18.21 -1.26% -2.36% Peso Futures (CME) August 2018 Pesos in USD 0.05284 -0.08% 9.60% USD/pesos Conversion 18.9251 0.08% -8.76% Canadian Dollar 14.34 0.00% -8.92% Brazilian Real 4.89 0.12% -8.24% Euro 22.07 0.06% -7.80% Sterling Pound 24.88 -0.29% -8.88% Japanese Yen 0.1675 -0.08% -9.42% Chinese Yuan 2.8189 0.06% -11.46% Bitcoin 140,007.45 1.33% -10.73% Gold Ounce (international) 23,191.08 -0.08% -12.68% Silver Ounce (international) 293.97 -0.21% -14.07% Libertad Gold Ounce (MX) 20,114.00 0.24% -14.76% Libertad Silver Ounce (MX) 364.50 0.28% -23.26% Bloomberg Dollar Spot Index 1,183.43 0.11% Yield 2.07% Euro in USD (spot) 1.1644 -0.15% USD in Yen (spot) 112.8700 0.02% Sterling Pound in USD (spt) 1.3074 -0.32% Yen in Euro (spot) 131.4200 -0.14% Euro in Sterling Pound (spt) 0.8907 0.18% Yen Euros USD in Hong Kong Dollars(spt) 7.8495 0.01%

Sale 19.20 18.88 19.52 1.86 @ Bancomer

+1d 18.8763 18.8525 18.95 0.05181 19.3013 14.35 4.90 22.08 24.90 0.1676 2.8217 140,007.45 23,191.08 293.97 25,592.00 498.50

Variation % Var.30 days % Technical Note -0.03% -7.57% At Santander The Peso is appreciated, pressures: At Monex - NAFTA. Trump raises bilateral agreement with Mexico. Average 1.11 - Forex. They raise positions in pesos. 0.21% -7.07% -0.16% -8.18% + BDSI +0.07%. -1.04% -2.94% - USA. Initial construction permits -12.3% to June, -2.2% December 2018 expected. Construction permits -2.2%, + 2.2% expected. -0.06% 9.77% - Oil up. 0.06% -8.90% - Banxico. Exchange hedges, demand 495 million dollars, 2.48 0.00% -8.92% times 200 million dollars to 29 days. 0.12% -8.24% 0.06% -7.79% Other data: -0.29% -8.87% * Support 18.50-18.60, resistance 19.30 wholesale. -0.09% -9.42% 0.05% -11.46% * Spread: 1.11, wo/change respect yesterday. 1.33% -10.73% * Futures: + 0.06% at 12/18 @ 30 days, it gets worse. -0.08% -12.68% * Linear trend: Depr. interb. 12m and apr. 30d banks. -0.21% -14.07% 0.19% -11.98% 0.20% -18.14% Various Currencies against Peso (spot or sale, 30 days in pesos; dates in Mexican format)

Various Currencies against US Dollar

$29.00

(spot, 30 days in US Dollar; dates in Mexican format)

$24.00

$0.0092

$1.35

$19.00

$1.30 $1.25 $1.20

$0.0090

$14.00

$0.0088

$9.00

$1.15

25/06/18

28/06/18

01/07/18

$4.00 18/06/18

$0.0086

$1.10

04/07/18

07/07/18

Sterling Pound

10/07/18

13/07/18

Linear (Yen)

16/07/18

Linear (Euros)

19/07/18

22/07/18

Linear (Sterling Pound)

23/06/18

28/06/18

03/07/18

08/07/18

13/07/18

Canadian Dollar

Real

Euro

Linear (Canadian Dollar)

Linear (Real)

Linear (Euro)

18/07/18

23/07/18

Graphs Peso / US Dollar Various Conversion

Bank Spread

(spot or sale, 30 days in pesos, dates in Mexican format)

(30 days, minimum, maximum and average)

$21.00

Interbank Exchange Rate Peso/US Dollar (sale, 12 months; dates in Mexican format)

$2.00

2.00%

$1.80

1.50%

$1.60

1.00%

$20.50

$21.00

$20.50

$1.40

$20.00

$21.50

0.50%

$1.20

0.00%

$20.00

$1.00

$19.50

-0.50%

$0.80 $19.00

$18.50

$18.00

$19.50

-1.00%

$0.60

$19.00

$0.40

-1.50%

$0.20

-2.00%

$0.00

-2.50%

$18.50

$18.00

$17.50 $17.50 18/06/18


Minimal Spread

Maximum Spread

Average Spread

Banxico's Fix

Sale National Banking Average

Juarez Sale

Spread Mobility %

Lineal (Minimal Spread)

Lineal (Maximum Spread)

Linear (Banxico's Fix)

Linear (National Banking Average))

Linear (Juarez)

Lineal (Average Spread)

Lineal (Spread Mobility %)

23/06/18

28/06/18

03/07/18

08/07/18

13/07/18

18/07/18

23/07/18

$17.00 31/03/18

30/05/18

Sale Interbank

29/07/18

Linear (Sale Interbank)



ECONOMIC INDICATORS Stock Exchange Markets

Concept

Value

IPyC Mexican Stock Exchange VIMEX Volatility Index Canada, S&P/TSX Compound Index NYSE DJIA, USA NASDAQ, USA S&P500, USA VIX Volatility Index Brazil IVOBESPA Chile IPSA Argentina MERVAL Trend Average: America Trend Average: North America Trend Average: LATAM ISEQ, Ireland FTSE100, England AEX, Netherland BEL20, Belgium OMX, Denmark OSEAX, Norway DAX30, Germany SMI, Switzerland PSI20, Portugal IBEX35, Spain CAC40, France MIB, Italy GD.AT, Greece MICEX, Russia ESTX50, Europe EURONEXT 100, Europa Trend Average: Europe

Variation % America 47,663.20 -2.14% 12.15 0.00% 16,477.40 -0.25% 25,199.29 0.32% 7,854.44 -0.01% 2,815.62 0.22% 12.10 0.50% 77,362.63 -0.99% 5,377.46 0.46% 27,044.46 0.79% -0.11% -0.31% -0.47% Europe 7,029.18 0.01% 7,676.28 0.65% 568.19 1.61% 3,820.41 0.07% 582.76 0.80% 990.84 0.14% 12,765.94 0.82% 8,938.12 1.29% 5,623.32 -0.26% 9,753.20 0.35% 5,447.44 0.46% 21,972.22 -0.03% 773.78 1.10% 2,285.53 0.00% 3,485.08 0.80% 1,070.94 0.59% 0.53%

Var.30 days%

Var.1 year%

5.49% 0.00% 1.81% 0.21% 2.15% 1.56% 3.95% 1.64% -2.11% -11.13% 0.36% 1.87% -2.90%

-2.64% -9.12% 6.06% 23.20% 35.30% 20.90% -2.34% 23.14% 10.68% 29.95% 13.51% 12.28% 15.28%

-2.06% -0.47% 1.06% 0.77% 0.81% -1.35% -0.50% 4.60% 0.18% -0.39% -0.19% 0.75% -0.93% 0.00% 0.70% 1.02% 0.25%

5.03% 4.76% 10.16% 0.78% 3.50% 29.11% 5.43% 3.58% 13.31% -5.55% 7.42% 11.12% 13.20% 17.53% 1.07% 9.20% 8.10%

Concept

Value Variation % Africa 15,578.70 1.02% 186.89 0.11% 3,308.95 0.00% 0.38% Asia 1,292.38 0.00% 1,588.44 0.00% 36,373.44 -0.40% 2,787.26 -0.39% 10,842.46 0.59% 28,117.42 -0.23% 2,290.11 -0.34% 22,794.19 0.43% 3,240.50 0.03% 6,245.10 0.67% 0.38%

CASE30, Egypt S&P, Africa FTSE, Africa Trend Average: Africa TA100, Israel DJGCC, Middle East BSESN, India SSE, China TSEC, Taiwan Hang Seng, Hong Kong Kospi, South Korea Nikkei225, Japan STI, Singapore AXJO, Australia Trend Average: Asia

Var.30 days%

Var.1 year%

-7.82% 0.00% 0.00% -3.30%

1.21% -1.94% 3.82% 6.47%

0.00% 0.00% 3.40% 168.23% -3.21% -10.05% -6.67% 0.74% -6.55% 3.65% -3.30%

3.82% 0.29% 23.46% -14.92% 10.22% 15.89% 6.59% 23.70% 2.25% 6.03% 6.47%

Mexican Stock Exchange (1 year, daily results, 30 days trend; dates in Mexican format) 53,000.00 52,000.00 51,000.00 50,000.00 49,000.00 48,000.00 47,000.00 46,000.00 45,000.00 44,000.00 19/07/17

18/08/17

17/09/17

17/10/17

16/11/17

16/12/17

15/01/18 BMV

14/02/18

16/03/18

15/04/18

15/05/18

14/06/18

14/07/18

13/08/18

15/04/18

15/05/18

14/06/18

14/07/18

13/08/18

Linear (BMV)

Dow Jones Industrial Average

Stock Exchanges

(1 year, daily results, 30 days trend)

(30 days, daily results, various stock exchanges, and 5 days trend; dates in Mexican format) 88,000.00

14,000.00

27,500.00

78,000.00

13,000.00

26,500.00

12,000.00

68,000.00

25,500.00 24,500.00

11,000.00 23,500.00

58,000.00 10,000.00

48,000.00 38,000.00 28,000.00 18,000.00


21,500.00

8,000.00

20,500.00

7,000.00

19,500.00

6,000.00

18/06/18

28/06/18

08/07/18

18/07/18

BMV

DJIA

BOVESPA

NIKKEI225

FTSE100

DAX30

Linear (BMV)

Linear (DJIA)

Linear (Bovespa)

Linear (Nikkei225)

Linear (FTSE100)

Linear (DAX30)

22,500.00

9,000.00

18,500.00 17,500.00 19/07/17

18/08/17

17/09/17

17/10/17

16/11/17

16/12/17

15/01/18 DJIA

14/02/18

16/03/18

Linear (DJIA)



Stock Exchange Markets (continue) Stock Exchanges

Regional Trends

(30 days, percentage movements, dates in Mexican format)

(30 days, registered regions percentage movements; dates on Mexican format)

6.00%

3.00%

4.00%

2.00%

2.00% 1.00%

0.00% 0.00%

-2.00%

-1.00% -4.00%

-2.00%

-6.00%

-3.00%

-8.00% 18/06/18

23/06/18

28/06/18 BMV

DJIA

03/07/18 BOVESPA

FTSE100

08/07/18 DAX30

13/07/18

18/07/18

19/06/18

24/06/18

29/06/18 America

NIKKEI225

North America

04/07/18 LATAM

09/07/18 Europe

Africa

14/07/18 Asia

Technical Note

* Mexico. IPyC closed up consumer goods, consumer goods, basic consumer goods and materials sectors, with Elektra, CEMEX Cpo and Financiero Banorte earning Peñoles, Becle SA and BanRegio Grupo Financiero SAB de CV. * Argentina. The market closed with a rise in financial and energy sectors. RPLATC bonds + 0.1% and country risk -6 to 579 points. * Brazil. The market closed down with sectors such as finance, consumption, and real estate. * Chile. The market closed with gains for the CAP mining group and Concha y Toro winery. * Colombia. The market closed with a rise in oil and the global dollar; public debt again devalued. * Peru. The market closed up with mining, electricity, and services sectors. * Canada. The market closed down by sectors of basic consumer goods, energy, and real estate investment companies. * US. Markets closed mixed, with sectors such as finance, industry, and basic materials on the rise, and consumer goods, public services, and telecommunications on the downside. CBOE Volatility Index -0.17% at 12.04. S & P500 winners are WW Grainger Inc. and United Continental Holdings Inc. * Europe. Markets closed higher, due to weakness in the euro and rebound in the technology sector after well-received quarterly reports. * Asia Markets closed mixed, with the dollar winning by comments from Jerome Powell of the Fed. Singapur, Tokyo win. China, Hong Kong and Seoul lose.




ECONOMIC INDICATORS Money Market

Concept Interest Rate Target TIIE28 TIIE182 Average Percent Cost (rate) CETES28 CETES182 CETES364 30 year Bond International Reserves (mdd) Monetary Base (M1) (mdp) UDIS UMA Monthly Prices Index General NCPI Underlying NCPI No Underlying NCPI Juarez CPI Total NPPI Final NPPI Intermediate NPPI Biweekly Price Index General NCPI Underlying NCPI No Underlying NCPI Concept Interest Rate Target Interest Rate Target (effective) Bank Prime Loan T-Bill(4wk) International Reserves (md) Monetary Base (M1) (md)

Rate Variation 7.75% 8.1100% 8.1906% 0.0344 5.1000% 0.0004 7.35% 0.0011 term 28 days 7.68% 0.0004 term 175 days 7.70% 0.0008 term 364 days 7.86% 0.0024 term 10885 días 172,539 130.00 1,504,459 50,017.50 6.026285 0.000990 daily 80.60 Date Monthly 0.39% 7/9/18 0.23% 0.84% 0.20% Period 1.09% Jun-18 1.12% 1.03% Date Biweekly 7/9/18 0.25% 0.14% Period 0.54% 2Q Jun 2018 Rate 1.00 - 1.25% 1.16% 4.25% 1.14% 3,385.8

Monthly Prices Index Date CPI 7/12/18 CPI Food & Beverages Period CPI (no F&B) dic-16 Final (no adjusted) 7/11/18 Final (adjusted) Period Final (no food/energy/commerce.na)Jun-18 Intermediate Process (n.a.)


Variation 0.0003 7.20% Monthly 0.16% 0.05% 0.09% 0.43% 0.26% 0.37% 0.99%

Unit/Period points points points points points amount points amount points amount points amount mdd mdp points annual Pt. Variation 0.55% -0.03% 2.22% 1.81% -0.39% -0.16% -0.92% Pt. Variation 0.0011 0.0007 0.0025 USA Unit/Period points points points points md, annual Pt. Variation -0.0026 0.0010 -0.0008 -0.0009 -0.0026 0.0028 -0.0077

Mexico Graphs Date 7/18/18 CETES and Bonds Interbank Rates 7/18/18 7/18/18 7/18/18 2/8/18 9000 mp TIIE28 TIIE182 Linear (TIIE28) 2/8/18 Linear (TIIE182) Lineal (TIIE182) CETES28 CETES182 CETES364 11500 mp Bonos30 Lineal (CETES28) Lineal (CETES182) 2/8/18 Lineal (CETES364) Lineal (CETES364) Lineal (Bonos30) Objective Rate and APC 12500 mp Annual Inflation 2/8/18 (12 months) 3500 mp 14.00% 12.00% 12/15/17 10.00% 12/15/17 8.00% 6.00% 7/18/18 Target Rate APC Linear (Objecctive Rate) Linear (APC) 4.00% 29,402.88 2.00% Annual Pt. Variation This Year Pt. Variation 4.65% 0.14% 1.12% 0.39% NCPI General Underlying No Underlying 3.62% -0.08% 1.75% 0.23% Technical Note 7.79% 0.80% -0.67% 0.83% 4.08% -0.34% -0.41% 0.20% 6.95% 1.54% 4.33% 1.13% 6.32% 1.47% 3.65% 1.14% 8.38% 1.70% 5.87% 1.08% Annual Pt. Variation This Year Pt. Variation 4.76% 0.0022 8.04% 0.0027 Beige Book of the Fed 3.64% 0.0005 6.75% 0.0015 8.18% 0.0077 11.97% 0.0061 The expansion of US advances and labor markets tightened in June. Manufacturers are Date Graph cautious about the impact of trade war, even stressing that some companies are already USA Rates (3 months) 7/17/18 suffering from price increases due to tariffs. Powell said the Fed does not see material change for the economy and its plan is to raise the rate gradually. In addition there are feb-17 Target Rate Effective Rate Tbill 4wk increases in prices of fuel, metals and other Annual Pt. Variation This Year Pt. Variation goods. They emphasize that there are few 2.87% 2.22% 0.0007 0.0016 signs of an inflationary upturn to accelerate 1.43% 0.79% 0.0020 0.0005 rate hikes. 2.26% 1.63% 0.0002 0.0009 3.27% 2.46% 0.0026 0.0044 3.19% 1.75% 0.0017 0.0026 2.75% 1.88% 0.0018 0.0038 6.81% 5.05% 0.0077 0.0103 (90 days)

(30 days)

8.80%

8.35% 8.15%

8.30%

7.95% 7.75%

7.80%

7.55%

7.35% 19/06/2018

24/06/2018

29/06/2018

04/07/2018

09/07/2018

14/07/2018

7.30%

19/07/2018

6.80% 07/05/2018

06/06/2018

06/07/2018

(365 days)

10.00% 8.00% 6.00% 4.00%

2.00% 19/07/2017

19/10/2017

19/01/2018

19/04/2018

19/07/2018

2.30% 1.80% 1.30%

0.80% 02/05/2018

17/05/2018

01/06/2018

16/06/2018

01/07/2018

16/07/2018



ECONOMIC INDICATORS Energy Market

Concept Mexican Crude Oil Basket West Texas Intermediate Brent from North Sea OPEP Reference Basket Intl. Natural Gas (USD/MMBtu) MX Natural Gas avg.(MXN/GJ) Liquefied oil gas (MXN/kg) Mexico (MXN) National: Magna (avg +1 d) National: Premium (avg +1 d) National: Diesel (avg +1 d) V zone: CJS - Magna (stim) V zone: CJS - Premium (stim) V zone: CJS - Diesel (stim) NA NA NA USA (MXN Fix basis) TX-avg: Regular 87 TX-avg: Premium >90 TX-avg: Diesel Ultralow TX-Hou: Regular 87 TX-Hou: Premium >90

Hydrocarbon Market USD/b Variation $ Variation % 63.99 0.13 0.2% 68.76 0.68 1.0% 72.90 0.74 1.0% 70.38 1.52 -2.2% 2.72 0.02 -0.69% NA NA NA NA NA NA Motor Gasoline (consumer prices) Price/lt Variation % Var. % Annual 18.40 -0.12% 17.48% 19.84 -0.15% 14.06% 19.58 0.19% 19.10% 14.41 0.21% 20.48% 16.82 0.06% 14.81% 18.74 0.06% 14.55% NA NA NA NA NA NA NA NA NA Price/lt Variation % Var. % Annual 13.01 -2.74% 34.57% 15.82 -2.89% 30.90% 14.94 -2.22% 37.77% 13.14 -2.95% 41.53% 15.97 -2.28% 32.65% Technical Notes

Graphs Var. Annual % 31.96% 32.52% 33.00% 33.50% -2.61% NA NA

Oil Baskets Prices (1 year, USD)

85.00 75.00

65.00 55.00 45.00 35.00 18/07/2017

18/10/2017

Date

WTI

Brent

18/01/2018 MME

OPEP

18/04/2018

Linear (WTI)

Linear (Brent)

18/07/2018

Linear (MME)

Linear (OPEP)

Natural Gas Price (1 year, MM/Btu USD)

3.70 3.50

07/18/18

3.30 3.10 2.90

2.70 2.50 18/07/2017

18/10/2017

18/01/2018

GN/NG

Date

18/04/2018

18/07/2018

Linear (NG)

Motor Gasoline: USA (left) vs Mexico (righta) (4 months, MXN Fix per litre)

07/16/18

20.00

21.00

18.00

20.00

16.00

19.00

14.00

18.00

12.00

17.00

10.00

Oil closed with a rise. EIA exposes increase in US crude inventories. The surprise increase occurred in the face of imminent production increases in Saudi Arabia, Russia, Libya and other sources. It is also reported that for the first time in history, the production of US reaches 11 million barrels per day. This places them just behind Russia. Last

7/6/18

Product Crude Oil Input to Refineries Refinery Capacity Utilization (%) Motor Gasoline Production Distillate Fuel Oil Production Product Crude Oil (Excluding SPR) Motor Gasoline Distillate Fuel Oil All Other Oils Crude Oil in SPR Total


Next 7/13/18 Refinery Activity Value Variation 17,706.00 37.00 0.97 0.00 10,313.00 62.00 5,442.00 82.00 Inventories Value Variation 405.20 12.70 239.00 0.70 121.70 4.10 433.80 2.00 660.00 1,859.70 7.30

16.00

Regular Premium MX

Premium >90 Diésel MX

Lineal (Magna MX)

Lineal (Magna MX)

Diésel Ultra Bajo Azufre

Magna MX

Lineal (Premium >90) Lineal (Premium MX)

Lineal (Diésel Ultra Bajo Azufre)

USA Energy Information Administration Technical Notes Unit 1000s daily barrels points 1000s daily barrels 1000s daily barrels Unit million barrels million barrels million barrels million barrels million barrels million barrels

Lineal (Diésel MX)

Graphs USA Inventories (4 months, million of barrels)

US oil inventories (wo/SR) decreased from previous week and are about 4% below 5 year average. Total motor gasoline decreased and are about 6% above 5 year average. Finished gasoline increased while blending components decreased. Distillate fuel increased and are about 12% below 5 year average. Propane/propylene increased and are about 10% below 5 year average. Total petroleum inventories decreased last week.

800 700 600 500 400 300 200 100

Crude Oil (wo/SPR)

Motor Gasoline

All Other Oils

Crude Oil in SPR

Distillate Fuel Oil



NEXT DAY ECONOMIC AGENDA Thursday, July 19, 2018

Hong Kong Unemployment rate (Jun), 2.80%

Argentina Retail sales (Annual), 22.10%

Indonesia Type of deposit facility (Jul), 4.50% Type of credit facility (Jul), 6.0% Announcement monetary policy decision, 5.25%

Brazil Federal income through taxes, 106.19B Canada Non-agricultural employment change ADP, 2.9K

Japan Orders of machinery tools (Annual), 11.40% National inflation (Annual) (Jun), 0.70% Indicator of industrial activity as a whole (Monthly), 1.0%

Colombia Imports (Annual) (May), 5.10% Trade balance (USD) (May), -0.325B

New Zealand Entry of foreign and non-resident tourists (Jun), 6.20% Entry of foreigners for long-term or permanent stays (Jun), 509000.0% Arrival of tourists (Monthly), 2.70% Expenditure with credit cards (Annual), 3.70%

South Korea IPP (Annual) (Jun), 2.20% USA Unemployment benefits Manufacturing Indicator of the Philadelphia Fed (Jul), 1990.0% Business conditions of the Philadelphia Fed (Jul), 3480.0% Capital investment indicator of the Philadelphia Fed (Jul), 3650.0% Employment report of the Philadelphia Fed (Jul), 3040.0% Indicator of new orders from the Philadelphia Fed (Jul), 1790.0% Price indicator in the manufacturing sector of the Philadelphia Fed (Jul), 5180.0% Natural gas reserves, 51B Ten-year debt auction linked to inflation (TIPS), 0.93%

United Kingdom Underlying retail sales (Annual) (Jun), 4.40% Retail sales (Yearly) (Jun), 3.90% Russia Central Bank Reserves (USD), 459.6B South Africa Announcement monetary policy decision (Jul), 6.50% Reference bank interest rate (Jul), 10.0%

Eurozone Spanish debt auction French debt auction

Switzerland Commercial balance (Jun), 2.760B

SPONSORS For all residents of Juarez, CH, El Paso, TX, Santa Teresa and Las Cruces, NM, who crosses international bridges, MUST download this app on their mobile phones, given: a) It serves to make bridge times more efficient. The more users, the better data. b) It will provide real time bridges to both the US and Mexico. c) The more use grants more interchangeable points in various recognized stores. d) The user must leave the app in use in the background, but data cost is minimal. The application serves for any other region and also provides support to vehicular traffic. Access: http://www.metropia.com/

