NEW YORK, January 1, 2026, 09:42 ET — Market closed.
- Mexico’s benchmark index slipped on the last trading day of 2025 but still delivered its strongest annual gain since 2009.
- Markets are shut for New Year’s Day, shifting focus to fresh trade measures and early-January inflation and jobs data.
- The index starts 2026 just below its late-December record high.
Mexico’s benchmark S&P/BMV IPC fell 0.09% on Wednesday to 64,308.29, extending a three-session slide as investors locked in gains at year-end. Still, the Mexico Stock Exchange’s main index finished 2025 up 29.9%, its best annual performance since 2009.
The Bolsa Mexicana de Valores is closed on Thursday for New Year’s Day, pausing trading after a year-end rally that left positioning stretched into 2026.
U.S. markets are also shut on Thursday, after Wall Street ended the final session of 2025 lower. “We expect this broadening of performance to deepen in 2026, both within the U.S. and across international markets,” said Jitania Kandhari, deputy CIO at Morgan Stanley Investment Management. Reuters
In Mexico, investors also digested a strong year for the peso, which posted its best annual performance in at least three decades, a move traders often read as supportive for local assets when currency volatility eases.
The S&P/BMV IPC is a capitalization-weighted benchmark, meaning bigger companies carry more influence on daily moves than smaller ones.
A new domestic catalyst is landing as the calendar turns: Mexico’s tariff hikes on imports from mostly Asian countries take effect on Thursday, raising duties — most up to 35% — on countries without free trade agreements, including China. The measure covers thousands of products from autos and auto parts to textiles and steel, and the economy ministry said it expects $3.76 billion in additional revenue next year as Mexico works to cut its fiscal deficit.
In corporate news, airline operator Grupo Viva Aerobus said in an exchange filing it secured $300 million in financing.
With trading volume typically thin around holidays, Mexico’s first sessions of 2026 may hinge on whether investors rotate away from last year’s winners or add to positions on any pullbacks.
Before the next session, traders will focus on inflation and central bank communications. INEGI’s calendar shows Mexico’s next monthly consumer inflation update is due on Jan. 8, the same day Banco de México is scheduled to publish minutes from its December 2025 policy meeting. Banxico’s calendar also shows its first 2026 rate decision is set for Feb. 5.
Across the border, U.S. macro releases that can sway global rate expectations include the Dec. 2025 employment report on Jan. 9 and the consumer price index on Jan. 13, according to the Bureau of Labor Statistics schedule.
On charts, the IPC is about 2.4% below its Dec. 26 record of 65,882.59. Traders will watch whether the index can reclaim that peak or stays anchored around the 64,000 area after the year-end dip.
