Locally, reports from Vesta, Televisa, and Megacable are expected by the end of the day according to analysts from Grupo Financiero Ve por Más. In the Mexican Stock Exchange, the S&P/BMV IPC is down 0.32% at 51,974.66 units, while the FTSE-BIVA of the Institutional Stock Exchange falls 0.52% to 1,066.91 points.
In Europe, the DAX in Germany rises 0.57% to 19,493.45 points, the CAC 40 in France increases 0.33% to 7,522.40 points, the FTSE 100 in London sees a 0.32% gain at 8,285.12 units, and the IBEX 35 in Spain advances 0.22% to 11,891 units. Meanwhile, oil prices are declining due to concerns over excess supply, with WTI up 0.06% at $70.81 per barrel and Brent gaining 0.17% at $75.09 per barrel.
Palladium rises after the United States requested sanctions on Russian exports of the precious metal. Sam Stovall of CFRA mentions that the market seems driven by projected results from earnings reports, the presidential election, and future actions by the Federal Reserve based on market bonds.
On Wall Street, stocks fluctuate as traders analyze company results to assess the health of the U.S. economy. The Nasdaq is up 0.68% at 18,401.65 points, the S&P 500 increases 0.31% to 5,815.45 points, and the Dow Jones is down 0.22% to 42,423.30 units. Tesla soared 19% after reporting strong earnings and forecasting a 30% growth in automobile sales next year.
Markets are likely to operate with a risk appetite induced by the lower number of unemployment insurance claims in the U.S. and surprisingly positive corporate reports.
