Economy Country January 28, 2025

Stock Market Updates: Gains on Mexico's Exchanges

On January 28, the Mexican Stock Exchange saw slight gains with the S&P/BMV IPC up 0.12% and the FTSE-BIVA increasing by 0.05%. Meanwhile, international oil prices also reported increases as Wall Street navigates through technological sector challenges ahead of potential earnings reports.


Stock Market Updates: Gains on Mexico's Exchanges

Pressure on a group of companies is increasing, which has led to a rebound in the Nasdaq 100 since late 2022. Regarding the Mexican Stock Exchange and other markets, as of January 28, they remain in positive territory. The S&P/BMV IPC of the Mexican Stock Exchange is at 51,747.62 points with an increase of 0.12%, while the FTSE-BIVA of the Institutional Stock Exchange has grown by 0.05%, reaching 1,045.48 points.

In Europe, Spain's IBEX 35 leads the gains with 1.23%, followed by Germany's DAX with an increase of 0.62%, London's FTSE 100 rises by 0.58%, and France's CAC 40 advances by 0.20%.

Meanwhile, in the international oil market, benchmark crude oils report increases. The start of the mega-cap earnings reporting season and the decision on Federal Reserve (Fed) rates is anticipated. On Wall Street, the Nasdaq has surged by 0.44% and the S&P 500 rises by 0.05%.

Analysts from Grupo Financiero Ve por Más indicate that "the above may be limited by new trade threats from Trump." This week marks the beginning of the earnings reporting period for major technology companies, also known as 'the Magnificent Seven'.

The shares of the world's largest technology companies have experienced a rebound following a recent liquidation that affected global markets. This momentum in the technology sector has also been reflected in the bond market, with a slight increase in Treasury bond yields.

The dollar has strengthened. In contrast, the Dow Jones reports a decline of 0.05%. Nvidia rose by 2.7% after its largest loss in value in history. West Texas Intermediate (WTI) rises by 0.44% to $73.49 per barrel, while Brent gains 0.49% reaching $77.46 per barrel.