Economy Country October 30, 2024

Market Trends Highlight Economic Fluctuations

On October 30, the Mexican Stock Exchange and global markets experience varied performances, with notable declines in European indices and positive movements in the oil market. Investors are closely watching US GDP and employment figures.


Market Trends Highlight Economic Fluctuations

Yesterday, the Mexican Stock Exchange registered a 1.25 percent drop at the close of operations. Today, the FTSE-BIVA of the Institutional Stock Exchange stands at 1,050.06 points with a decrease of 0.16 percent.

In Europe, stock market indices also show red numbers. France's CAC 40 is down 1.05 percent, Germany's DAX is down 0.96 percent, Spain's IBEX 35 is down 0.66 percent, and London's FTSE 100 is down 0.56 percent.

In the international oil market, contracts are trading with positive variations after two sessions of decline. On Wall Street, on the other hand, stock indices are operating in positive territory as the latest GDP data from the United States and the results of the ADP employment survey are processed, which exceeded expectations in job creation.

The Dow Jones records a gain of 0.30 percent, the S&P 500 increases by 0.07 percent, and the Nasdaq rises by 0.01 percent.

Analysts from Bx+ indicate that growth and employment figures in the United States will confirm the strength of the U.S. economy while maintaining moderate expectations about the monetary stance of the Federal Reserve.

In Bloomberg's "Magnificent Seven" indicator, Alphabet shows a 5.5 percent increase due to better-than-expected sales. These gains offset the declines of chip manufacturers like Nvidia and the disappointing results of Advanced Micro Devices.

The Mexican Stock Exchange shows a decrease of 0.06 percent in the S&P/BMV IPC, standing at 51,135.07 units. As for the oil market, West Texas Intermediate rises by 1.96 percent, standing at $68.53 per unit, while Brent advances by 1.83 percent, reaching $72.42 per unit.