The stock markets in Mexico ended this Friday with a moderate loss. Investors reacted to new US jobs figures that showed firmness in the economy, but supported bets on more rate hikes.
the leading index S&P/BMV IPC of the Mexican stock exchange (BMV), which groups the 35 most traded local shares, fell 0.41% to 46,723.43 units. The FTSE BIVAof the Institutional Stock Exchange (Biva), moved 0.48% to 970.39 units.
Within the reference index, most of the components closed the session in the negative, with 10 values in green and 25 in red. The worst performances were those of Gruma papers, with 2.94%; Peñoles, with 2.87%, and BMV, with 2.51 percent.
The US Department of Labor said 528,000 jobs were created in the world’s largest economy in July, well above the 250,000 expected and a figure of 398,000 in June. Unemployment fell to 3.5% from 3.6%.
During the week, the two stock indices showed strong losses. The S&P/BMV IPC fell 1,420.9 points or 2.95% from a level of 48,144.33 units, while the FTSE BIVA lost 29.41 points or 2.94% from a close of 999.80 units.