Mexico City, (Reuters) .- The Mexican Stock Exchange and retraced, contrary to the performance of their peers in the region, at the beginning of a week that will be marked by the publication of inflation figures and the Banxico monetary policy decision.
The Central Bank Modlere is expected in its announcement on Thursday the rhythm of its cuts to the key rate of interest in signals of a slowdown in inflation and an economy that walks slowly.
The currency quoted in 18,8895 per dollar almost at the end of the businesses, with a depreciation of 0.19%, although during the day it advanced 0.45% to 18,7682 units.
“This week, the behavior of the exchange rate will be influenced by the local inflation report and the decision of Banxico, as well as the development of global commercial tensions, in the face of the imposition of US tariffs to several countries on Thursday,” said Monex Financiero.
For now, figures that showed a slight improvement in consumer confidence last month were announced in the morning.
The referential shareholding index S&P/BMV IPC fell 0.44% to 56,650.26 points.
Walmart’s titles in Mexico stood out among the most punished in the session, with 2.53% less at 53.90 pesos, pointing to their third day of losses.
Lee: Trump would “substantially ‘increase’ tariffs to Indian products for Russian oil purchases
The retailer reported Friday that Ignacio Caride resigned as its executive president and general director, as well as a member of the Board of Directors, after more than a year at the head of the company.
In the secondary debt market, 10 -year bonus yield culminated unchanged against its previous closure at 9.14%, just like the 20 -year rate that the session ended at 9.79%.
Inspy, discover and share. Follow us and find what you are looking for on our Instagram!
