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Our Main Services

  • Accounting & Taxes

  • We strive to comply with accounting principles and tax requirements for your company. The information is always on time and available online.

  • Import & Export

  • Our management team has a significant knowledge of Mexican Trade Compliance and Foreign trade requirements.
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  • Human Resources

  • We are a talent-focused organization that recruits passionate and thoughtful staff and then invests significantly in developing them for your organization.

  • Environmental Health & Safety

  • We enable organizations to outsource all or part of this important aspect of their business to our fully qualified health and safety representatives.

Wall Street is rising today on optimism a trade deal between China and the US is close. The US President is feeding that optimism. The S&P500 is up +0.4% in afternoon trade. This follows Shanghai yesterday that was up +5.6% and Hong Kong, up +0.5%. That Shanghai rise is eye-popping and since the start of 2019, their index is up a remarkable +20.1%. Remember however, that index dropped more than -25% in 2018 so even after today's big rise it is still -10% in the hole.

The final sticking points in the trade deal seem to be 'enforcement' mechanisms.

In the US, February car sales are expected to be about -1% lower than the same month a year ago.

US wholesale trade disappointed with sales levels in December up only +1.0% year on year, but giving up some of that gain from November. Further, wholesale inventories rose and at a quickening pace and are up +7.3% from December 2017. This is not a good sign.

Bucking the trend on a regional basis, the overall Dallas Fed activity index was up even as new order data halved.

In Mexico, their economy slowed sharply in the fourth quarter of 2018 as a drop in industrial production largely cancelled out good gains in services and rural production. Full year 2018 growth was +2.0% with little contributed in the final quarter.

In China, in something of a double-take Kafka moment, their banking regulator is saying they have achieved their structural deleveraging targets.

In Australia, according to CoreLogic there are 115,000 houses currently listed for sale across the country, a level +15% higher than this time last year. But sale volumes are down -15% nationwide, but that figure increase to more than -20% in the big markets of Sydney and Melbourne.

And staying in Australia, their opposition Labor Party has said it will follow New Zealand and require real estate agents, accountants and lawyers to be subject to anti money laundering laws - if they win in the May general election.

The UST 10yr yield is at 2.68% and a rise of +3 bps. Their 2-10 curve has held at just under +17 bps. The Aussie Govt 10yr is up +1 bp to 2.11%, the China Govt 10yr is up +3 bps to 3.18%, while the NZ Govt 10 yr is down -3 bps at 2.18%.

Gold is a little softer, down -US$2 at US$1,326/oz.

US oil prices are sharply lower today, now just over US$55/bbl while the Brent benchmark is down to just under US$65/bbl.

 

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We assist companies with their manufacturing operations in Mexico.

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