The stock markets in Mexico closed the negotiations on Monday with losses. Stock indices fell as risk aversion rose ahead of US inflation data and the start of reporting season.
The reference index S&P/BMV IPC of the Mexican stock exchange (BMV), which measures the most traded shares in the country, fell -0.45% to 47,369.89 units. The FTSE BIVAof the Institutional Stock Market (Biva), fell -0.38% to 985.85 units.
Within the reference index, most of the components ended the session in the red, with 22 values in the negative and 13 in the positive. The losses were led by Orbia Advance, with -3.84%; Volaris, with -3.40%, and Peñoles, which fell -2.85 percent.
Traders expect the US inflation data to support recent Federal Reserve rate hikes and lead to further hikes. The market is afraid of finding effects due to inflation in the quarterly reports.
