Air Freight News

Fourth consecutive day of losses for Mexican stocks

Oct 24, 2024

“The Mexican stock market continued its downward trend on Thursday, marking its fourth consecutive day of losses, in a risk-averse environment that has also been reflected in the main global indices for most of the week. The S&P/BMV IPC index is registering a drop of approximately 0.2% during the session.

Although Mexico's annual core inflation decreased during the first half of October to 3.87%, its lowest level since February 2021, the market has not seen significant support from these metrics. This decline in inflationary pressures was overshadowed by a slight rise in general inflation, which reached 4.69%, above market expectations. This has led to a mixed reaction among investors, who remain cautious due to the uncertainty of a complex global economic and political context in the short term.

On the corporate front, the meeting between President Claudia Sheinbaum and magnate Carlos Slim brought a note of optimism to the country's economic outlook. Both highlighted the importance of foreign investment and collaboration with the United States, especially in the semiconductor sector, as a key growth driver. These initiatives could improve the investment climate and, in the long term, contribute to Mexico's economic growth, generating a more optimistic outlook for the Mexican stock market.

However, in the short term, Mexican stocks may continue without a clear trend, as investors remain in a "wait-and-see" mode due to international uncertainty. The U.S. elections also represent a significant risk factor: the potential re-election of Donald Trump has raised concerns about changes in trade relations between the two countries, which could negatively impact the Mexican economy, heavily reliant on exports.

As the market faces this challenging environment, investors will continue to look for clear signals of stability, both at the local and international levels, before committing to a clear trading direction.

Similar Stories

https://www.ajot.com/images/uploads/article/US_Bureau_of_Statistics_12122024.png
US Bureau of Labor statistics: Producer price index November - 2024
View Article
Costco refuses to accept 98% of Teamsters’ Proposals

The Teamsters recently filed unfair labor practice charges against Costco for expelling union representatives, harassing workers for wearing union buttons, sending employees home, removing union literature, and even changing locks…

View Article
Global leaders commit to enabling and promoting the electronic Bill of Lading

Research has shown that switching away from the transfer of physical, paper-based Bills of Ladings could save stakeholders around $6.5 billion in direct costs, enable $30-40 billion in annual global…

View Article
https://www.ajot.com/images/uploads/article/Landstar-Facility.png
Landstar announces special dividend
View Article
https://www.ajot.com/images/uploads/article/GCMD-and-BCG-Cross-Border-CCUS-Routes.png
GCMD and BCG publish report “Opportunities for shipping to enable cross-border CCUS initiatives”
View Article
https://www.ajot.com/images/uploads/article/retail-store-clothes-shoes.jpg
CNBC/NRF Retail Monitor shows sales grew in November even as two Thanksgiving weekend days fell in December
View Article