[ad_1]
The Mexican stock exchange (BMV) closed the negotiations this Tuesday with a strong loss. The local stock market was weighed down by its peers Wall Street, in a day of adjustments and aversion for risk assets in the markets pending the first meeting of the year of the Federal Reserve, next week.
The index reference S&P/BMV IPC, made up of the shares of the 35 issuers with the highest value by capitalization and liquidity in Mexico, ended with a loss of -1.37% to 53,232.2 units. The index FTSE BIVA, the main of the Institutional Stock Market (Biva), closed with a loss of -1.45% with 1,098.49 units.
S&P/BMV IPC
Within the reference index, most of the components ended the day with losses, with 28 values in red and only seven in green. The most pronounced setbacks were the papers of the Bimbo bakery, with -4.88%; Grupo Carso, with -3.53%, and Grupo Financiero Banorte, with -3.28 percent.
Stock markets fell on Tuesday while US Treasury bond yields hit highs not seen since the pandemic began. Analysts mentioned that these movements were caused by bets on rate hikes from the Federal Reserve.
“[La fuerte pérdida] it was about hedging movements by investors,” explained Carlos Hernández, senior analyst at Masari Casa de Bolsa. “Expectations for inflation in the United States have meant that going forward the vision is of a more restrictive monetary policy [por parte de la Fed]”.
jose.rivera@eleconomista.mx
[ad_2]