Weight closes stable prior to the announcement of the Federal Reserve • Markets • Forbes Mexico

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The weight reversed the initial losses and advanced slightly, while the BMV climbed into a session in which investors were still pending the advances in conversations for the tariffs of the United States.

The peso quoted towards the closure at 19,6653 units per dollar, with an appreciation of 0.1% compared to the reference price of Monday.

The markets also expect the decision of the Federal Reserve Wednesday. Although operators do not estimate that there will be movements in interest rates, they will be attentive to the statement and subsequent press conference of the president of the Central Bank, Jerome Powell.

The weight day began with a decrease for the persistent concern for commercial conversations and where they would go.

But during the session, the United States Secretary of the Treasury, Scott Besent, said that Donald Trump’s government could announce trade agreements with some of his largest partners this week, but did not give details about which countries.

Lee: Investment in Mexico fell 7.8% in February and spin seven months on the uncertainty of tariffs

Trump himself said that China wants to negotiate a commercial agreement to end tariffs and that the two leaders of the economic rivals will meet at the right time.

In addition, Prime Minister Mark Carney said that some aspects of the commercial agreement between Canada, the United States and Mexico (TMEC), signed in Trump’s first mandate, will have to change, while the Republican also raised renegotiations for the commercial pact that will undergo review in 2026.

BMV advances 2.71%

The S&P/BMV IPC share index, meanwhile, preliminary 21%, at 57,349.83 points, after a lateral opening.

“On a day with mixed commercial news, but with progress in negotiations between Trump and various countries (mainly with its commercial partners), the IPyC S&P/BMV presents an advance (…) once approaching once to the maximum of 57,416 pts observed at the end of April,” said Monex.

“The recent market rally began in mid -April, remembering that prior to this positive performance, the market kept in an average of 51,998,” he added.

In a wide base advance, the titles of the Minera Peñoles recounted 6.62%, at 420 pesos, while those of Grupo México added 3.47%, at 105.88 pesos.

Lee: Europe does not rule out any option from the extension of US tariffs

Meanwhile, the actions of the Banorte Financial Group won 4.91%, at 169.86 pesos, and those of the controlling Qualitas insurer rose 6.67%, to 230.32 pesos.

For fixed income, the Mexican government bonus at 10 years quoted with a 9,447% yield, compared to 9,453% of the previous closure, while the 20 -year debt recorded a return of 10,043%, compared to 10,053% of the previous session.

With Reuters information

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