The Mexican Stock Exchange (BMV) rose on Wednesday to its best levels in almost a year and the peso depreciated slightly after reaching the 19.50 barrier per dollar, animated by signs of a possible decrease in tariff tensions between the United States and China.
To the good mood of the investors, the decision of President Donald Trump was added to reverse his threats to dismiss the head of the Federal Reserve, relieving concerns about the independence of the US central bank.
In its sixth day of profits, the referential stock index S&P/BMV IPC rose 1.80% to 55,766.58 points, its best closing level since May 2024.
The shares of the insurer Quálitas led Wednesday’s increases, with a jump of 9.49% to 202.01 pesos after publishing on the eve its quarterly report of results that was qualified as positive by analysts.
Weight gives up marginally
The weight closed in 19,6130 units, with a slight setback of 0.05% compared to the LSE Reference Price on Tuesday, after strengthening earlier until 19,4747 units, a level not seen since October last year.
“From a technical approach, the short -term trend is down,” said Banco Base, in an analysis note. “For now, the relevant supports are located at 19.45 and 19.00 pesos per dollar,” he added.
Lee: The World Bank predicts economic growth of 0% in Mexico in 2025
In Mexico, the session was marked by a report that showed that retail sales grew in February for fourth month, although less than expected. For the rest of the week the inflation figures of the first half of April and the global indicator of the February Economic Activity (IGAE) of February will be key.
“Solid readings could validate the recent strength of the peso, while continuous weakness could exert selling pressure on the currency,” said Quásar Elizundia, market research strategist of the Pepperstone firm.
Lee: Trump plans to exempt car manufacturers from some tariffs: The Financial Times
In the secondary debt market, the 10 -year bonus yield decreased seven base points to 9.45%, while the 20 -year rate culminated without changes against its previous closure by 10.16%.
With Reuters information
Little text and great information in our X (formerly Twitter), follow us!
