Manuel Jimenez Zaldivar

Banorte

Director of Market Strategy @ Banorte

Manuel Jiménez has 25 years of professional experience in the Mexican financial sector. Manuel is Director of Market Strategy at Grupo Financiero Banorte since December 2019, an institution in which he has collaborated for the last 13 years. He was previously Head of Equity research at Banorte and has broad experience covering Mexican companies. Before joining Banorte, Manuel worked in the equity research teams at Vector Casa de Bolsa and Casa de Bolsa BBVA Bancomer as well as a project finance analyst at Dresdner Kleinwort Wasserstein. Manuel Jiménez has a bachelor’s degree in Industrial Engineering from Universidad Iberoamericana and a master’s degree in finance from Universidad Anáhuac.

Manuel Jimenez Zaldivar
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Latest from Manuel Jimenez Zaldivar

1H-September CPI – Likely pressured for longer, especially at the core component

Headline inflation rose 0.41% 2w/2w, surprising to the upside. The core climbed 0.44%, with higher goods and services. Thus, annual headline inflation was marginally lower from 8.77% to 8.76%, with the core at 8.27% from 8.13%. We revise our forecast...
Banorte Alejandro
Alejandro Padilla Santana @ Banorte 22 September 2022

Weekly economic calendar - For the week ending September 16, 2022

In the US, August inflation, retail sales and industrial production; as well as the Empire Manufacturing and Philly Fed. CPI also in the UK and Eurozone, activity data in China, and retail sales in Brazil. In Mexico, ANTAD’s same-store sales for Augu...
Banorte Alejandro
Alejandro Padilla Santana @ Banorte 12 September 2022

Mexico: August CPI – Stays elevated even after considering seasonal pressures

Headline inflation grew 0.70% m/m, with the core at 0.80%. Pressures centered in goods, especially processed foods. As such, annual headline inflation picked up to 8.70% from 8.15%, with the core climbing to 8.05% (previous: 7.65%). Given this result...
Banorte Juan Carlos
Juan Carlos Alderete Macal @ Banorte 8 September 2022

Weekly economic calendar - For the week ending September 9, 2022

In the US, July’s trade balance and consumer credit, as well as ISM services in August. We expect the ECB to hike rates by 75bps. In data, retail sales in the Eurozone and trade balance in China. In Mexico, GFI and consumption, industrial production,...
Banorte Alejandro
Alejandro Padilla Santana @ Banorte 5 September 2022

Mexico: Banxico QR – Few changes on estimates and still with a hawkish stance

The document does not show a meaningful change in the central bank’s tone, maintaining a hawkish bias. We highlight the downward revision in 2023’s GDP, from 2.4% to 1.6%. Meanwhile 2022’s GDP forecast did not change. In this context, we maintain our...
Banorte Alejandro
Alejandro Padilla Santana @ Banorte 1 September 2022

Weekly economic calendar - For the week ending September 2, 2022

In the US, non-farm payrolls, consumer confidence, ISM Manufacturing and vehicle sales, among the most relevant. Unemployment and inflation in the Eurozone; August PMI´s in China; and 2Q22 GDP in Brazil. In Mexico, the central bank’s Quarterly Report...
Banorte Alejandro
Alejandro Padilla Santana @ Banorte 29 August 2022

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Manuel Jimenez Zaldivar
Alejandro Padilla Santana
Mexico
Fixed Income - Sovereign
Macro
Macro-strategy
Juan Carlos Alderete Macal
Equity
Francisco Jose Flores Serrano
Banxico
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Leslie Thalia Orozco Velez
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