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July 14, 2022
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Mexican stock market falls again due to tensions over the Fed and quarterly reports

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

The mexican bag Thursday extended the losses of the previous day after the disclosure of a report from the inflation in the United States which raised concerns about an aggressive rate hike from the Federal Reserve.

The leading index S&P/BMV IPCwhich groups the 35 most traded shares in the domestic market, fell 1.75% to 46,632.22 points, in line with the markets in wall street succumbing to a weak start to the second-quarter reporting season.

The titles of the mining Penoles Industries They led the decline in the local market, with 4.40% less at 177.50 pesos, followed by those of the Grupo México mining company, which subtracted 3.64% at 78.80 pesos.



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