Boletin Solo Negocios

Solo Negocios Bulletin 06/11/2017

Solo Negocios Bulletin

i

Date

November 6, 2017

Welcome! Solo Negocios Tip 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 Finance Division comment on Tax accounting Negocios, we offer you advising to support you appreciation for the Peso, positive stock markets, Mexican Financial System along with Banxico, in your company / institution. Contact data at global oil rises strong. We issue also the Solo Negocios Tip. We hope all the SNB is useful for you; and margin, don't hesitate to reach us. Invite your remember that: contacts to receive it SNB! Indicator Increase Decrease

Explanations, technical notes and sources, here.

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Solo Negocios Bulletin is an informative summary edited by Solo Negocios, in compliance with the Mexican copyright rules. What is described in it, is informative, but non-binding. It is distributed free of charge to whom wish to remain in the distribution list, or through publicly accessible social networks. Its redistribution is not prohibited as long as it is done for free and under the Creative Commons license described below. The document is built from diverse private and public sector sources, either national or international, quoted legally in each part and with responsibility from each source, from either subscriptions or chrestomathies. Any question please contact us at: [email protected]. This e-mail complies with article 76 bis, subpart VI, Chapter VIII from the Federal Consumer Protection statue in Mexico. If you do not wish to receive newsletters, please send us an emial to remove your address from dbase. Solo Negocios Bulletin is owned by Solo Negocios Su Consultor Económico, S.C., and it is licensed under a Creative Commons AttributionShareAlike 4.0 International License (CC BY-SA 4.0).

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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

SOLO NEGOCIOS CALENDAR 11/07/2017 - IMEF: USA Tax Reform 11/16/2017 - ANADE: Opportunities of the Energy Reform for the State of Chihuahua 11/29/2017 to 12/01/2017 - IMEF: XLV IMEF Business Summit Merida 2017 NA NA Full Solo Negocios Calendar: http://bit.ly/2kr1Xpd SOLO NEGOCIOS MEDIA Solo Negocios Videoblog Facebook Twitter LinkedIn Solo Negocios Editorial Solo Negocios Bulletin Subscription

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.

Link: http://www.solonegocios.mx

E-mail: [email protected] Page 1 of 8


ECONOMIC INDICATORS Foreign Exchange and Metal Markets

Concept Buy Variation % Var.30 days % US Dollar National Average 18.16 -0.21% 5.12% US Dollar Minimum National 17.35 At Monex US Dollar Maximum National 18.73 At HSBC Spread Minimum 0.52 @ HSBC Maximum Fix US Dollar Today 19.1241 -0.12% 7.75% US Dollar Interbank (48h.) 19.0300 -0.64% 5.98% US Dollar Juarez Average 18.20 0.61% 8.61% Peso Futures (CME) November 2017 Pesos in USD 0.05243 -0.51% -3.69% USD/pesos Conversion 19.0730 0.51% 5.78% Canadian Dollar 14.98 1.06% 3.74% Brazilian Real 5.80 -0.24% 2.41% Euro 22.17 0.02% 4.65% Sterling Pound 25.05 0.01% 4.08% Japanese Yen 0.1674 0.36% 5.22% Chinese Yuan 2.8806 0.04% 6.92% Bitcoin 133,693.83 -3.30% 90.75% Gold Ounce (international) 24,388.61 -0.01% 4.99% Silver Ounce (international) 327.08 1.08% 8.33% Libertad Gold Ounce (MX) 21,990.00 0.46% 6.75% Libertad Silver Ounce (MX) 450.00 0.00% 15.38% Bloomberg Dollar Spot Index 1,179.84 -0.30% Yield -6.93% Euro in USD (spot) 1.1611 0.03% USD in Yen (spot) 113.7500 -0.28% Sterling Pound in USD (spt) 1.3170 0.71% Yen in Euro (spot) 132.0700 -0.26% Euro in Sterling Pound (spt) 0.8816 -0.69% Yen Euros USD in Hong Kong Dollars(spt) 7.8017 -0.02%

Sale 19.12 18.03 19.46 1.47 @ Scotiabank

+1d 19.1241 19.0360 19.20 0.04924 20.3087 14.99 5.81 22.33 25.07 0.1675 2.8821 133,693.83 24,388.61 327.08 26,828.00 577.00

Variation % Var.30 days % Technical Note -0.28% 4.71% At Monex The Peso is appreciated at best in 2 weeks. Pressures: At Bancomer Average 0.96 - Strong rise in oil price due to anti-corruption operation by the -0.12% 7.75% crown prince of Saudi Arabia. -0.64% 5.97% 0.58% 7.48% + NAFTA Renegotiation, 5th round from 11/17 to 11/21. December 2018 + Fed's normalization. -0.44% -4.15% + Banxico's monetary policy decision this week, no increase is 0.45% 4.33% expected. 1.07% 3.74% - Jerome Powell's appointment to the Fed, attenuates bullish -0.25% 2.38% (Peso's) momentum. 0.70% 5.35% - Bloomberg Dollar Index -0.29%, yields given caution regarding 0.01% 4.08% 0.36% 5.22% Trump's tax reform. 0.04% 6.91% + Inflation data is expected this week in MX. -3.30% 90.75% -0.01% 4.99% Support at 18.73 and resistance 19.33; at wholesale. 1.08% 8.33% 0.18% 4.56% 0.00% 7.05% Various Currencies against Peso (spot or sale, 30 days in pesos; dates in Mexican format)

Various Currencies against US Dollar

$24.00

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

$1.30

$1.25 $1.20 $1.15 $1.10

14/10/17

17/10/17

20/10/17

$19.00

$0.0090 $0.0089 $0.0088 $0.0087 $0.0086 $0.0085

$1.35

23/10/17

26/10/17

Sterling Pound

29/10/17

01/11/17

Linear (Yen)

04/11/17

Linear (Euros)

07/11/17

$14.00

$9.00 $4.00 07/10/17

10/11/17

Linear (Sterling Pound)

12/10/17

17/10/17

22/10/17

27/10/17

01/11/17

Canadian Dollar

Real

Euro

Linear (Canadian Dollar)

Linear (Real)

Linear (Euro)

06/11/17

11/11/17

Graphs Peso / US Dollar Various Conversion

Interbank Exchange Rate Peso/US Dollar

Bank Spread

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

(sale, 12 months; dates in Mexican format)

(30 days, minimum, maximum and average)

$20.00

$19.50

$1.80

2.00%

$1.60

1.50%

$1.40

1.00%

$19.50

0.50%

$1.20

0.00%

$1.00

$19.00

$20.00

$19.00

-0.50% $0.80

-1.00% $18.50

$0.60

-1.50%

$18.50

$18.00

$0.40

-2.00%

$0.20

-2.50%

$0.00

-3.00%

$18.00

$17.50

$17.50 07/10/17

12/10/17

17/10/17

22/10/17

27/10/17

01/11/17

06/11/17

11/11/17

Minimal Spread

Maximum Spread

Average Spread Lineal (Maximum Spread)

Banxico's Fix

Sale National Banking Average

Juarez Sale

Spread Mobility %

Lineal (Minimal Spread)

Linear (Banxico's Fix)

Linear (National Banking Average))

Linear (Juarez)

Lineal (Average Spread)

Lineal (Spread Mobility %)


$17.00 20/07/17

18/09/17

Sale Interbank

17/11/17

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 48,967.01 0.89% 12.15 0.00% 16,092.20 0.45% 23,548.42 0.04% 6,786.44 0.33% 2,591.13 0.13% 9.40 2.84% 74,310.79 0.53% 5,527.56 0.76% 27,978.33 0.00% 0.60% 0.31% 0.55% Europe 6,967.47 -0.24% 7,562.28 0.03% 555.22 0.01% 4,118.51 0.14% 598.70 -0.25% 902.40 0.34% 13,468.79 -0.07% 9,288.78 -0.36% 5,349.73 -0.35% 10,316.50 -0.40% 5,507.25 -0.19% 23,002.85 -0.05% 761.91 -0.22% 2,081.15 0.00% 3,682.36 -0.21% 1,070.79 -0.06% -0.12%

Var.30 days%

Var.1 year%

-2.78% 0.00% 3.71% 5.62% 6.53% 3.78% -7.93% -0.18% 5.05% 11.70% 2.55% 2.81% 4.14%

2.72% -0.98% 9.24% 29.79% 28.80% 20.45% -24.44% 25.20% 34.62% 75.13% 20.05% 15.00% 34.42%

3.81% 3.57% 5.20% 3.92% 4.15% 5.44% 6.94% 1.62% 0.69% 0.98% 4.56% 2.74% 2.62% 0.58% 4.09% 4.65% 3.47%

13.68% NA 24.04% 16.12% 17.65% 37.83% 29.03% 12.91% NA 18.30% 23.93% NA NA NA 19.65% 23.90% 21.55%

Concept

Value Africa 14,072.90 188.34 3,308.95

CASE30, Egypt S&P, Africa FTSE, Africa Trend Average: Africa

Asia 1,292.38 1,588.44 33,731.19 3,388.17 10,786.19 28,596.80 2,549.41 22,548.35 3,381.85 5,953.80

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

Variation %

Var.30 days%

Var.1 year%

-1.72% 1.32% 0.00% -0.13%

-0.58% 0.00% 0.00% 0.78%

NA NA NA NA

0.00% 0.00% 0.14% 0.49% -0.13% -0.02% -0.33% 0.04% -0.01% -0.06% -0.13%

0.00% 0.32% 6.65% 1.40% 4.36% 3.99% 7.10% 10.54% 5.16% 4.75% 0.78%

NA NA 17.80% 12.12% 21.16% 21.32% 24.18% 36.94% NA 8.82% NA

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 07/11/16

07/12/16

06/01/17

05/02/17

07/03/17

06/04/17

06/05/17 BMV

05/06/17

05/07/17

04/08/17

03/09/17

03/10/17

02/11/17

02/12/17

04/08/17

03/09/17

03/10/17

02/11/17

02/12/17

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

24,500.00

78,000.00

13,000.00

23,500.00

12,000.00

68,000.00

22,500.00 11,000.00

58,000.00 10,000.00 48,000.00 38,000.00 28,000.00

20,500.00

8,000.00

19,500.00

7,000.00

18,000.00

21,500.00

9,000.00

18,500.00

6,000.00 07/10/17

17/10/17

27/10/17

06/11/17

BMV

DJIA

BOVESPA

NIKKEI225

FTSE100

DAX30

Linear (BMV)

Linear (DJIA)

Linear (Bovespa)

Linear (Nikkei225)

Linear (FTSE100)

Linear (DAX30)


17,500.00 07/11/16

07/12/16

06/01/17

05/02/17

07/03/17

06/04/17

06/05/17 DJIA

05/06/17

05/07/17

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)

5.00%

1.50%

4.00% 1.00% 3.00%

2.00% 0.50% 1.00%

0.00%

0.00%

-1.00% -0.50% -2.00%

-3.00% -1.00% -4.00%

-1.50%

-5.00% 07/10/17

12/10/17

17/10/17 BMV

DJIA

22/10/17 BOVESPA

FTSE100

27/10/17 DAX30

01/11/17

06/11/17

08/10/17

13/10/17

18/10/17 America

NIKKEI225

North America

23/10/17 LATAM

28/10/17 Europe

Africa

02/11/17 Asia

Technical Note

- Mexico. IPyC closed with a rise in line with the US, although caution awaited the monetary policy decision of Banxico and the issue of US Tax Reform, as well as the expectation of NAFTA and the Fed normalization process. Up Liverpool, Kimberly, Pinfra, Banorte and Cemex, Baja Televisa, Santander, Asur, Elektra and OMA. - Brazil. The market closed up with sectors such as utilities, electricity, and finance. - Chile. The market closed with a rise for leading securities after the publication of positive corporate results in 3Q17. - Peru. The market closed up with banking, finance, mining, and agriculture sectors. - Canada. The market closed up with health, energy, and materials sectors. - USA. Markets closed with the rise awaiting data of the largest merger in history and presidential statements. Broadcom made an offer to buy a microprocessor supplier for smartphones. Winners of the S & P500 are Michael Kors Holdings Ltd. and Chesapeake Energy Corporation. - Europe. The markets closed down. The Spanish stock market low marked by quarterly reports and Catalonia. Small brake in almost all European after records reached on Friday. - Asia The markets closed down, with attention to tour of the US president in 5 countries in Asia. In China the markets are rising.




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) Monthly Prices Index

Rate Variation 7.00% 7.3831% 0.0033 7.5250% 0.0223 4.5600% 0.0005 7.03% 0.0001 term 28 days 7.23% 0.0001 term 176 days 7.18% term 364 days 7.60% 0.0041 term 10969 días 172,820 164.90 1,361,942 2,176.90 5.848677 0.002256 daily 75.49 Date Monthly 0.31% 10/9/17 0.28% 0.41% 0.35% Period 0.14% Sep 2017 0.15% 0.10% Date Biweekly 10/22/17 0.62% 0.21% Period 1.86% 1Q Oct 2017 Rate 1.00 - 1.25% 1.16% 4.25% 1.00% 3,367.9

Date CPI 10/12/17 CPI Food & Beverages Period CPI (no F&B) dic-16 Final (no adjusted) 10/12/17 Final (adjusted) Period Final (no food/energy/commerce.na) Sep-17 Intermediate Process (n.a.)


Variation 6.63% Monthly 0.53% 0.20% 0.19% 0.35% 0.44% 0.00% 0.42%

-

Unit/Period points points points points points amount points amount points amount points amount mdd mdp points annual Pt. Variation 0.0018 0.0003 0.0082 0.0049 0.0008 0.0002 0.0031 Pt. Variation 0.0079 0.0024 0.0244 USA Unit/Period points points points points

Mexico Graphs Date 11/6/17 CETES and Bonds Interbank Rates 11/6/17 11/6/17 11/6/17 11/6/17 7000 mp TIIE28 TIIE182 Linear (TIIE28) 11/6/17 Linear (TIIE182) Lineal (TIIE182) CETES28 CETES182 CETES364 11500 mp Bonos30 Lineal (CETES28) Lineal (CETES182) 11/6/17 Lineal (CETES364) Lineal (CETES364) Lineal (Bonos30) Objective Rate and APC 12500 mp Annual Inflation 11/6/17 (12 months) 3500 mp 14.00% 12.00% 10/27/17 10.00% 10/27/17 8.00% 6.00% 11/6/17 4.00% Target Rate APC Linear (Objecctive Rate) Linear (APC) 27,538.75 2.00% Annual Pt. Variation This Year Pt. Variation 6.35% 0.0032 4.41% 0.0033 NCPI General Underlying No Underlying 4.80% 0.0020 3.81% 0.0029 11.28% 0.0070 6.23% 0.0043 Technical Note 7.06% 0.0020 3.63% 0.0036 Banxico and Mexican Financial System 4.50% 0.0113 2.03% 0.0014 4.18% 0.0094 1.86% 0.0015 MFS facilitates monetary policy, efficient 5.25% 0.0157 2.42% 0.0010 transmission mechanisms which helps achieve Annual Pt. Variation This Year Pt. Variation 6.30% 0.0013 4.89% 0.0065 the goal of price stability with lower cost. (90 days)

(30 days)

7.80%

7.60% 7.55%

7.60%

7.50%

7.40%

7.45% 7.40%

7.35% 08/10/2017

7.20%

13/10/2017

18/10/2017

23/10/2017

28/10/2017

02/11/2017

7.00%

07/11/2017

6.80% 26/08/2017

25/09/2017

25/10/2017

(365 days)

8.00%

7.00% 6.00%

5.00% 4.00% 3.00%

2.00% 07/11/2016

4.75% 11.18%

07/02/2017

0.0004 0.0035

Date

07/05/2017

07/08/2017

3.98% 7.69%

0.0022 0.0196 The exchange depreciation, fuels and salary increase caused an inflationary upturn; in addition to moderate growth and uncertain international environment, regarding the US. Given this, and international uncertainty, there is a risk of contamination of inflation expectations.

Graph USA Rates

11/5/17

(3 months) 1.40% 1.20% 1.00%

md, annual

feb-17

Pt. Variation 0.0023 0.0009 -0.0002 0.0018 0.0027 -0.0009 0.0000

Annual 2.23% 1.35% 1.69% 2.53% 2.53% 1.93% 4.17%

0.80% 18/08/2017

02/09/2017

Target Rate

Pt. Variation 0.0029 0.0011 0.0001 0.0018 0.0017 0.0000 0.0004

17/09/2017

02/10/2017

Effective Rate

This Year 2.23% 1.49% 1.53% 2.34% 1.89% -5.38% 4.17%

07/11/2017

17/10/2017

01/11/2017

Tbill 4wk

Pt. Variation 0.0054 0.0020 0.0019 0.0036 0.0045 0.0000 0.0043

There has been timely and preventive reaction. Strength of financial institutions contributes. With good capitalization and adequate levels of liquidity, there are better conditions to absorb rate increases and adjustments in the exchange rate. Therefore, it can be argued that there is complementarity and synergies between monetary policy and the regulatory



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 V zone: CJS - Magna (stim) V zone: CJS - Premium V zone: CJS - Premium (stim) V zone: CJS - Diesel V zone: CJS - Diesel (stim) 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 % 54.68 1.94 3.5% 57.35 1.71 3.0% 64.27 2.20 3.4% 59.15 0.66 1.1% 3.13 0.15 5.03% NA NA NA NA NA NA Motor Gasoline (consumer prices) Price/lt Variation % Var. % Annual 16.14 0.00% NA 17.86 0.00% NA 16.99 0.00% NA 15.87 0.00% NA 12.46 0.00% NA 18.03 0.06% NA 15.17 0.07% NA 16.99 0.00% NA 16.95 0.00% NA Price/lt Variation % Var. % Annual 13.34 -0.90% 33.90% 15.77 -0.60% 26.28% 13.92 1.22% 22.20% 11.36 -0.54% 15.99% 14.13 -0.01% 11.48% Technical Notes

Graphs Var. Annual % 33.12% 23.16% 29.08% 29.21% -3.03% NA NA

10/27/17

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

11/3/17 Refinery Activity Value Variation 15,934.00 4.00 0.87 9,974.00 84.00 4,895.00 27.00 Inventories Value Variation 454.90 2.40 212.80 4.10 128.90 0.30 469.40 1.00 670.60 0.80 1,936.60 6.60

(1 year, USD)

70.00 65.00 60.00 55.00 50.00 45.00 40.00 35.00 06/11/2016

06/02/2017

Date

WTI

Brent

06/05/2017 MME

OPEP

06/08/2017

Linear (WTI)

Linear (Brent)

Unit million barrels million barrels million barrels million barrels million barrels million barrels

Linear (OPEP)

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

3.90 3.70

11/06/17

3.50 3.30 3.10 2.90 2.70 2.50 06/11/2016

06/02/2017

06/05/2017

GN/NG

Date 9/11/17

06/08/2017

06/11/2017

Linear (NG)

Motor Gasoline: USA (left) vs Mexico (righta) (4 months, MXN Fix per litre) 17.00 16.00 15.00 14.00 13.00 12.00 11.00 10.00

19.00 18.00 17.00 16.00 15.00 14.00

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

06/11/2017

Linear (MME)

4.10

WTI, Brent, MME and OPEC gain solidly as a result of actions by the Saudi Crown Prince, Mohamed bin Salman, in anti-corruption operation to strengthen their power. Several Saudi princes, businessmen and ministers were arrested. This is interpreted as an endorsement to the Extension of the OPEC Agreement. The market expects formal meeting on November 30. Last

Oil Baskets Prices

Lineal (Diésel MX)

Graphs USA Inventories (4 months, million of barrels)

800

US oil inventories (wo/SR) down from previous week, and are in upper half of average range. Total motor gasoline down, but are in middle of average range. Both finished gasoline and blending components down. Distillate fuel down and are in lower half of average range. Propane/propylene up but are in lower half of average range. Total inventories down last week.

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

Tuesday, November 7, 2017 Expectation Australia AIG indicator for the construction sector (Oct) 54.7 Chile Copper exports (USD) (Oct) 3,180M Commercial balance (Oct) 0.71B USA Redbook Indicator (Monthly) -1.30% Redbook Indicator (Annual) 3.50% JOLTs survey of job offers (Sep) 6.082M Consumer credit (Sep) 13.06B

Eurozone Germany - Industrial activity - monthly (Monthly) (Sep) 2.60% Budget balance of France (Sep) -93.0B Industrial investments in France (4Q) 7.00% Retail sales in Italy (Monthly) (Sep) -0.30% Retail sales in Italy (Annual) (Sep) -0.50% Retail sales in the euro zone (Monthly) (Sep) -0.50% Retail sales in the euro zone (Annual) (Sep) 1.20% Japan Reserves in foreign currency (USD) (Oct) 1,266.3B Matching indicator (Monthly) (Sep) 1.90% Leading indicator (Monthly) (Sep) 1.60% Mexico Gross fixed investment (Annual) (Aug) -2.50% Gross fixed investment (Monthly) (Aug) -1.50% United Kingdom Halifax House Price Indicator (Monthly) (Oct) 0.80% Halifax House Price Indicator (Annual) (Oct) 4.00% South Africa Foreign currency reserves (USD) (Oct) 49.38B Net currency reserves (USD) (Oct) 42,651B Business Confidence (Oct) 93




SOLO NEGOCIOS CALENDAR Mexican Financial Executives Institute, invites: USA Tax Reform November 7, 08:00 to 10:00 hours. Quality Inn Consulate Hotel, Juarez The proposal of the US government to obtain a tax reform, is exposed, and in its case its possibilities, implications and potential impacts. More information with Alejandro Sandoval: [email protected]. National Business Lawyers Associatio, invites: Opportunities of the Energy Reform for the State of Chihuahua November 16, 16:30 to 19:00 hours. FECHAC, 780 Anillo Envolvente PRONAF, Juarez, Chihuahua TOPCIS: Implementation of the Energy Reform in the Hydrocarbons Field; Implementation of Energy Reform in the Electric Energy Field; Energy Transition; Finance Related to Upstream, Midstream and Downstream; Panel: "Energy Business Opportunities in the Region". More information with Eliana Guerra: [email protected]. Mexican Financial Executives Institute, invites: XLV IMEF Business Summit Merida 2017 Invest for Transformation - Global Trends From November 29 to December 2, Fiesta Americana Merida Hotel Latin American markets situation, business transformation, social mood and Mexican political transition, as well as risks and opportunities to invest in the region. More information: http://imefbs.org.mx.

