Mexico’s stock market just had a bruising week — what hit the Bolsa Mexicana?
Mexico’s benchmark S&P/BMV IPC tumbled 5.73% across the week, wrapping up Friday at 67,312.78.
Bolsa Mexicana week ahead: IPC ends February up 5.6% — U.S. jobs report is the next test
Mexico’s main stock index kicks off the week hovering close to recent highs, riding a four-month stretch of gains. For another leg up, the market may be waiting on the data to deliver.
Mexico Stock Market Opens Today: IPC eyes 65,000 as Venezuela shock and INEGI data set the tone
Mexican stocks head into Tuesday’s open under a geopolitical cloud after U.S. President Donald Trump said he would put Venezuela under “temporary American control” following a raid that captured President Nicolas Maduro, and he threatened military action in Mexico. Brent eased to about $61.59 a barrel and copper hit a record high as Asia shares held near peaks; “Venezuela is a small economy, so investors were convinced global financial markets are unlikely to be directly affected,” wrote Yusuke Matsuo at Mizuho Securities. Reuters