Mexico City /
He mexican peso depreciated with 0.21 percent, culminating in 20.06 units per dollar this Tuesday, October 29, 2024, for the third consecutive day, sinceIn the last three days, the peso has accumulated a decline of 1.4 percent.
Due to the caution of investors awaiting the presidential election on November 5 in the United States and the fear of an eventual victory of donald trumpMexican markets have been affected.
Investors’ attention is also focused on the disclosure of a series of key economic data in the United States and Mexico this week, including figures for the Gross Domestic Product (GDP) for the third quarter in both countries.
Likewise, analysts highlighted concerns about a series of constitutional changes promoted by the Mexican Government.
During the session it was announced that a Supreme Court minister announced that he will resign from office in August 2025, in response to a reform of the judiciary.
Impact on other markets
The benchmark S&P/BMV IPC .MXX stock index fell 1.25 percent to 51,166.29 points, on the last day of the local corporate results period for the third quarter.
The shares of Grupo Bimbo led the declines, with 4.13 percent less to 62.18 pesos before its quarterly report was released, followed by those of Cemex, which fell 3.81 percent to 10.59 pesos, after releasing a weak report the day before. of results.
In it debt market, The primary yields of Treasury Certificates (Cetes) rose in the weekly auction of government securities, with the exception of the 28-day Cete benchmark ratewhich was placed at 10.20 percent, unchanged from its previous auction.
K.L.
