Economy Country November 14, 2024

Mexican Stock Exchange Fluctuates Amid Economic Challenges

On November 14, the Mexican Stock Exchange shows mixed variations. The S&P/BMV IPC rises slightly, while the BIVA records a minor decline. Global markets react to U.S. election results with cautious optimism, influenced by inflation data and Fed statements.


Mexican Stock Exchange Fluctuates Amid Economic Challenges

The Mexican Stock Exchange recorded mixed variations on November 14, with the S&P/BMV IPC rising by 0.14 percent to 50,816.76 points while the FTSE-BIVA of the Institutional Stock Exchange fell by 0.02 percent to 1,041.12 units. In Europe, France's CAC 40 rose by 1.38 percent, Germany's DAX by 1.63 percent, Spain's IBEX 35 by 1.32 percent, and London's FTSE 100 by 0.51 percent.

On Wall Street, stocks struggle to advance after a strong recovery following the elections in the United States. The Nasdaq shows a decrease of 0.29 percent, the S&P 500 declines by 0.14 percent, and the Dow Jones drops by 0.06 percent. Cisco Systems plunged by 2.5 percent, while Walt Disney rose by 9 percent, exceeding expectations.

BX+ analysts note that markets are cautious due to the producer inflation data and the restrictive statements from Fed members. Donald Trump's victory in the U.S. elections has driven the Russell 2000 index to levels not seen in three years.

Regarding oil, West Texas Intermediate (WTI) rose by 1.29 percent to $69.31 per barrel, while the Brent reference increased by 1.18 percent to $73.13 per unit.