The Mexican stock exchange (BMV) lost in its first operations this Friday, shaping up to its second consecutive weekly decline, after the United States Federal Reserve outlined a more restrictive monetary policy.
The referential index S&P/BMV IPC it lost 0.31% to 50,310.89 points at 8:53 am.
A drop of 1.42% to 18.76 pesos of the shares of the telecommunications giant stood out America Movil after a vote by the sector’s regulator concluded this week without granting it authorization to enter the country’s pay television market.
On Thursday, the firm’s papers posted their biggest daily drop since the beginning of September 2021.
The Fed, meanwhile, said on Wednesday it will likely raise rates in March and reaffirmed plans to end its pandemic-era bond purchases that month before beginning a significant reduction in its asset holdings.