The Mexican Stock Exchange and Stock Exchange (BMV) registered mixed changes on Friday, culminating a week of accumulated losses due to the growing concerns about the conflict between Israel and Iran and its potential impact on the global economy.
Tehran said he would not discuss the future of his nuclear program while being attacked by Israel, while Europe tried to convince the Islamic Republic to return to the negotiations and the United States, it was proposed to intervene.
The peso closed in 19,1544 units per dollar, with a depreciation of 0.67%, prolonging a correction that has been holding from Monday when it advanced to 18,8180 units, a level not seen since August last year.
In the week, the weight accumulated a loss close to 1.1% and the market prospects forward are that it continues to yield land.
According to a CITI survey, the local currency could close the year in 20.20 per dollar, a 5% deterioration compared to its current levels, however the perspective is better than the 20.50 estimated previously.
At the local level, the look of investors is set in the announcement of the Monetary Policy of Banco de México next week, a key decision at a time when inflation has shown a strong rebound and the economy remains weakened.
The market anticipates that the Central Bank extends a series of aggressive cuts that has been applying to the referential rate in recent months, while, on the contrary, the US Federal Reserve decided this week again to keep interest rates without changes.
The BMV amounted to 0.35% to 56,264.69 points, with a solid volume of 1,128.8 million negotiated shares, well above the daily average of 200 million in recent months, in a session marked by the expiration of futures and options, known as “Witching Day”.
Inbursa Financial Group titles, by Magnate Carlos Slim, led the increases, with 5.36% more at 49.71 pesos, followed by those of the producer of Tequila José Cuervo, who won 4.73% to 23.05 pesos.
The bag added a weekly decline of 2%.
In the secondary debt market, the 10 -year bonus yield rose six base points to 9.34%, while the 20 -year rate culminated the session without changes against its previous closure in 9.97%.
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