The Mexican Stock Exchange and Stock Exchange recovered on Friday after two days of losses, while investors would digest new figures from the US economy, in an attentive market to an encounter between Donald Trump and Vladimir Putin.
Among the economic data highlighted a report that showed that retail sales increased solidly in July. Another report showed that manufacturing production stagnated in the period, while consumer confidence decreased in August.
The currency quoted in 18,7362 per dollar almost at the end of the businesses, with an appreciation of 0.28% compared to the LSE Reference Price on Thursday. In the two previous sessions he accumulated a setback of just over 1%.
“The peso was favored from the dollar setback after considering the US economic reports, although it consolidated its progress at the end of the day,” said Monex Financiero, in an analysis note.
“Towards the ‘Overnight’ we would expect the weight to oscillate in a range between 18.64 and 18.82, considering optimism around the meeting between Putin and Trump, waiting to know some commercial or geopolitical resolution at night and a modest economic agenda on Monday,” he added.
MOST CONTEXT: Weight rebound after US economic data; Wait Trump-Poutin meeting
The president of the United States greeted his Russian pair with a handshake before a high -level summit in Alaska on Friday that could determine whether the fire of the war in Ukraine can be reached.
The referential shareholding index S&P/BMV IPC rose 0.26% to 58,320.48 points. In the previous two days it added a loss of 0.87%.
“The risk appetite remained content in the session, with high attention to the summit in Alaska between Trump and Putin today that could build the bases to finish the war in Ukraine,” said Grupo Financiero Banorte.
The media giant titles Televisa headed the increases, with 3.04% more than 9.16 pesos, followed by those of people, specialized in credit services, which added 2.64% to 43.48 pesos.
In the secondary debt market, 10 -year bonus yield culminated without changes against its previous closure by 8.95%, just like the 20 -year rate that ended the day in 9.61%.
With Reuters information.
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