BMV:VOLAR 20 December 2025 - 21 December 2025

MEXICO CITY — The Mexico Stock Exchange is heading into the final full week of the year with a simple, slightly surreal message for investors: the rally is still alive, but it’s no longer effortless.

MEXICO CITY — December 20, 2025. The Mexico Stock Exchange heads into the final stretch of the year with a classic emerging-market cocktail: a still-strong 2025 rally, a choppy December tape, and a growing debate over whether cheaper money will keep lifting equities—or whether inflation shocks and trade risks will force a pause that cools the party.