The stock markets of Mexico Operations ended in red this Monday, for the second consecutive day. Local indices fell in line with their Wall Street peers, in a cautious market awaiting monetary policy announcements from central banks.
The referential index S&P/BMV CPI of the Mexican stock exchange (BMV), made up of the 35 most traded shares in the local market, fell 0.46% and closed at 54,521.43 points. The FTSE BIVAof the Institutional Stock Exchange (Biva), lost 0.39% to 1,138.80 points.
Within the benchmark index, most of the components ended the day with losses, with 28 stocks in red and seven in green. Losses were led by airport companies OMA, GAP Y assur, with falls of 2.99%; 2.89% and 2.69%, respectively.
Investors prepare for the first monetary policy decision of the Federal Reserve American in 2023, at midweek. A 25 basis point rate hike is expected. On Thursday they will give their decisions bank of england and the European Central Bank.
Facing the strong stage of local quarterly reports, investors are also waiting this week for data on the growth of the Gross domestic product (GDP) of Mexico in the fourth quarter of 2022, looking for signs about the health of the local economy.
