Mexican stock market falls again due to tensions over the Fed and quarterly reports

BMV advances pending Fed meeting and attentive to reports

Mexico’s stock markets operate with gains this Monday. Stock indices are in positive territory, as investors prepare for a rate hike in the United States, in the last week of quarterly reports.

The index reference S&P/BMV IPC of the Mexican stock exchange (BMV), which groups the 35 most liquid stocks in the country, gains 0.24% to 47,376.31 points. The FTSE BIVAof the Institutional Stock Market (Biva), 0.25% to 985.07 points.


Within the reference index, a balance between losses and gains is observed, with 18 of the values ​​in green and 17 in red. The advance of Grupo Financiero Inbursa stands out, with 2.59%; Mexico Group, 1.42%; Cuervo, 1.30%, and Regional, with 1.88 percent.

“The week begins with a positive bias in the main stock market indices. Investors are attentive to earnings figures in the middle of the reporting season and leaving recession risks aside for the moment,” Banorte said in a note.

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