The S&P/BMV IPC of the Mexican Stock Exchange records an increase of 0.48% reaching 57,627.12 units, while in the Institutional Stock Exchange (BIVA) the FTSE-BIVA adds 0.75% standing at 1,172.68 points. In contrast, European markets are operating lower with France's CAC 40 falling 0.85% to 7,630.45 units, London's FTSE 100 decreasing 0.50% to 8,554.30 points, the German DAX retreating 0.18% to 23,195.34 points and the Spanish IBEX 35 descending 0.09% to 13,498.10 points.
In the international oil market, West Texas Intermediate (WTI) falls 0.29% to $58.92 per barrel and Brent stands at $62.02 per barrel, showing a decrease of 0.21%. On Wall Street, indices begin the day with gains awaiting the Federal Reserve's (Fed) monetary policy decision and President Jerome Powell's speech. The interest rate is expected to remain unchanged in a range of 4.25% to 4.50%. The Dow Jones increases 0.53% to 41,045.86 points, the Nasdaq rises 0.51% to 17,781.77 units, and the S&P 500 records an increase of 0.48% reaching 5,633.96 points.
CI Banco analysts indicate that traders are attentive to the Fed's announcements and news regarding negotiations between the United States and China, which have raised expectations for a trade agreement. In response, stocks have shown an increase, especially Disney's, which are up 10% after reporting favorable quarterly results and growth in its streaming service.
Regarding specific stocks, there is an upward trend in the Mexican Stock Exchange on this May 7th, with a start of operations showing gains.
