The weight advanced this Friday to better expectations on the commercial front waiting for conversations over the weekend between the two largest economies in the world, while the BMV reversed its initial increases and descended moderately.
The president of the United States, Donald Trump, said today that 80% tariffs on Chinese products “seem correct”, making their first suggestion of a specific alternative to the taxes of 145% imposed on China before the weekend conversations to contain a commercial war.
In Mexico, the self -stateized consumer trusted index in Mexico was 45.3 in April, the INEGI reported. The index not adjusted for seasonality was 45.5 points during the month.
The peso quoted towards the closure in 19,4466 per dollar, with an appreciation of 0.45% compared to the LSE Reference Price on Thursday.
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“Today, the exchange rate breaks below the $ 19.50 support, thanks to the weakening of the dollar and the resilience of the local currency, despite a setback in the confidence of the Mexican consumer. Investors continue attentive to the progress of commercial negotiations worldwide, while highlighting the divergence between the monetary policy of Banxico and the Fed,” said Monex.
Meanwhile, the referential shareholding index S&P/BMV IPC fell preliminary 0.52% to 56,569.68 points, after earning earlier up to 0.6%.
“As was feasible, the S&P/BMV IPC stopped the progress near the maximum area between 58,000 and 59,000 units and showed a profits,” said vector analysis in a report.
“The risk is that, due to the supply accumulated by price, in addition to the extreme overcompra of the speed indicators and the low volume operated, show an extension of the adjustment. If it breaks the 57,000, it would drop 55,800 start,” he added.
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The titles of the Inbursa Financial Group retreated 3.34% to 50.05 pesos, while those of Grupo Bimbo decreased 1.89% to 58.77 pesos.
For fixed income, the Mexican government bonus at 10 years quoted with a yield of 9,364%, compared to 9,324% of the previous closure, while the debt at 20 years offered a return of 9,924%, compared to 10.005% of the previous session.
With Reuters information
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