The weight and stock market descended on Wednesday after the minutes of the most recent monetary policy meeting of the Federal Reserve reinforced the perspective that interest rates in the United States will remain high, amid the commercial threats of President Donald Trump.
At the local level, Banco de México substantially decreased its prognosis of economy growth by 2025, also derived from US government policies, and warned that it would expand moderately in the coming years.
The dollar was at 20,4465 pesos, which meant a 0.44% depreciation for the national currency and the end of a six -session with profits, according to Banxico data.
“We consider that the tone of the document was relatively ‘Hawkish’, which reinforces the expectation of a long pause in the low -rate cycle,” said Grupo Financiero Banorte, in an analysis note.
“They were concerned about the inflationary impact of Trump policies related to trade and migration,” he added.
In his most recent rush, President Trump announced Tuesday that he intends to impose cars “around 25%” and levies similar to semiconductors and pharmaceutical imports.
LEE: Cost of cars will increase $ 10,000 in the United States if Trump applies tariffs
BMV yields 0.67%
The referential shareholding index S&P/BMV IPC decreased 0.67% to 54,110.21 points, after closing on the eve at its highest level since July 2024.
Alpha conglomerate titles headed the losses, with 6.06% less at 17.20 pesos, after reporting its results of the fourth quarter and informing that it hopes to complete the split of its Alpek petrochemical unit in 2025.
Alpek’s papers, which are not part of the S&P/BMV IPC, sank 17.4% to 13.58 pesos, their worst historical fall, after he anticipated a challenging panorama for the industry in his guide of key supposed assumptions for this year.
In the secondary debt market, the 10 -year bonus yield rose three base points to 9.97%, while the 20 -year rate amounted to one, to 10.38%.
With Reuters information
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