Mexican markets close mixed against bets on Fed rate and fears of recession


MEXICO CITY, Sep 10 (Reuters) – The Mexican peso appreciated and the stock market backed down in a session of ups and downs in the face of expectations that the US Federal Reserve will cut its benchmark interest rate again, while the market expects the Central Bank European take similar actions this week.

The assets jumped from positive to negative ground and vice versa, amid waves of reduced appetite for risk after weak economic data from China reinforced concerns about a global recession.

* The currency traded at 19.504 per dollar at 15.20 local time (2020 GMT), with an appreciation of 0.29%, or 5.65 cents, against the reference price of Reuters on Monday. Currency was depreciated on the day until 19.60 units.

* The benchmark S & P / BMV IPC index, made up of the shares of the 35 most liquid firms in the market, yielded 0.17% to 42,588.10 points, with a volume of 151.2 million traded securities. Before, the square advanced almost 0.5% to operate near the 42,900 units.

* Contrary to the general behavior of the square, highlighted the progress of 5.3% to 45.07 pesos of the roles of the restaurant operator Alsea

* In the debt market, the 10-year bond yield rose eight basis points to 7.10%, while the 20-year rate totaled 16 to 7.52%. (Report by Miguel Angel Gutiérrez)

Our Standards:The Thomson Reuters principles

Source link


Please enter your comment!
Please enter your name here

nine − 7 =