The stock markets of Mexico are trading in negative territory Wednesday morning. The indices fell after posting a three-game winning streak, which brought them to their best levels since April of last year.
The leading index of the Mexican stock exchange (BMV), the S&P/BMV CPI, which groups the 35 most traded local stocks, lost 0.13% to 55,383 points. He FTSE BIVAof the Institutional Stock Market (Biva), yields 0.05% to 1,145.46 points.
Within the benchmark, most components are trading at a loss, with 19 stocks in the red and 16 in the green. The worst performances are Cemex, which falls 2.09%; FEMSA, with 1.54%, and Grupo México, with 1.24 percent.
Investors assimilate that inflation in the United States, which turned out to be slightly below expectations, with a moderate drop that encourages bets to pause interest rate increases in the Federal Reserve.
“We estimate that the latest reading of the inflation figures in the United States support the expectation of an upcoming pause in the Federal Reserve’s monetary tightening, which would favor risk appetite,” Citibanamex explained.
The Mexican stock market rose yesterday for the third consecutive session. From Thursday’s close of 54,667.21 units to yesterday’s 55,452.73 units (its best close since April of last year), the S&P/BMV IPC gained 1.44 percent.
