Analysts from Valmex highlight that this is compounded by the more tense tone of the energy market exposed at CERAWeek. At a local level, negotiations place the S&P/BMV IPC of the Mexican Stock Exchange with a decline of 0.59%, settling at 64,750.77 points, and for the case of the star index of the Institutional Stock Exchange, the FTSE-BIVA, the drop is 0.73%, located at 1,291.86 points. On the oil front, marker crudes register positive variations of 3.15% for West Texas Intermediate (WTI), which places it at $90.93 per unit, while the Brent reference adds 2.38%, at a level of $102.44 per barrel. Stock indices globally are mixed as investors absorb the impacts of the strong fluctuations in oil prices due to the conflict in the Middle East. On Wall Street, the Dow Jones is the only one to register an advance of 0.11%, at 46,265.91 points, while the declines are 0.46% for the Nasdaq, at 21,853.91 units, as well as for the S&P 500, which is around 6,552.25 points, giving up 0.44%. On the European side, the losses are led by the DAX in Germany with 0.64%, at 22,504 points, followed by the IBEX 35 of Spain at 16,801.90 points, the CAC 40 of France retreats 0.23%, at 7,708.37 points, while the FTSE 100 of London adds 0.20%, at 9,914.48 units. "The main indices of the United States start in negative territory due to the persistent geopolitical uncertainty from the conflict between Washington and Iran, after Tehran denied having conversations with the White House and attacks persisted."
Mexican Market Amid Energy Sector Tension
Valmex analysts note market tension due to the Middle East conflict. Mexican and global stock indices show mixed performance. Oil prices rise, while stocks in Europe and the US mostly fall amid geopolitical uncertainty.
