The Mexican Stock Exchange (BMV) advanced with force in its first trades today after China’s promise of a greater stimulus boosted global risk appetite, while investors They assimilated a package of economic data in USA.
The leading index S&P/BMV IPC, which groups the shares most negotiated from the domestic market, rose 1.75 percent to 54 thousand 121.78 points.
The miner’s titles Mexico Group GMEXICOB.MX led the increases, with 5.63 percent more at 114.25 pesos, followed by those of Pinfra PINFRA.MX, dedicated mainly to the construction and operation of roads, which totaled 3.50 percent at 191.26 pesos.
Wall Street opens in green, boosted by the latest economic data in the United States
Wall Street opens today in green and the Dow Jones of Industrials, its main indicator, rose 0.55 percentup to 42,145 points, after the publication of a series of economic results that encouraged investors.
Ten minutes after the trading floor opened, the S&P 500 I was going up 0.61 percentup to 5,756 units, and the technological Nasdaq advanced 1.02 percent up to 18,266 points.
The main indicators were seen driven this morning by several economic data: firstly, last week there was 218 thousand initial claims for unemployment benefits in the US, a 4 thousand descent compared to the previous period.
In addition, the gross domestic product (GDP) of the country increased at an annual rate of 3 percent in the second quarter, according to the Commerce Department, a figure that was in line with traders’ expectations.
These data calmed the Investors’ concern due to the possibility that the Federal Reserve (Fed) has cut interest rates by half a point due to a slowdown in the economy.
On the other hand, the actions of the Micron Technology They were uploading today a 17 percent after the chipmaker posted strong fourth-quarter results that beat analysts’ expectations.
The company explained that the strong demand for artificial intelligence boosted its profits during this period and predicted that during the current quarter it will also have solid earnings.
Its rise came hand in hand with the advance of other technology stocks, such as Nvidia (3 percent), Advanced Micro Devices (4 percent) and ASML (5 percent).
By sectors, highlighted the gains raw materials (1.46 percent) and technology (1.33 percent), while the biggest losses were in energy (-1.17 percent) and real estate (-0.3 percent).
Among the 30 Dow stocks, Caterpillar (4.15 percent) and Nike (2.44 percent) led the gains, while Merck (-1.35 percent) and Chevron (-1.08 percent) led the losses.
In other markets, eThe price of oil from Texas fell by 3.30 percentup to $67.39 a barrel, after several media outlets reported that Saudi Arabia intends to increase oil production in December.
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