BMV chains four days in red and accumulates a loss of 3.38%


The stock markets of Mexico closed the first day of this week with a marginal fall, after a session of volatile movements. The local stock market chained four days with negative performances, in line with wall streetin a market that closed positions after high inflation data in the United States.

The index reference S&P/BMV IPCof the Mexican stock exchange (BMV), which measures the performance of the 35 most liquid stocks in the local market, lost -0.05% to 48,445.3 points, after falling more than 1% in the morning. With four days in a row with losses, this index has lost 3.38 percent.

S&P/BVM IPC

Inside, most of the components closed the day in negative territory, with 20 values ​​in red and 15 in green. Among the main companies, the titles that had the worst movements were Alsea, with -5.82%; Kimberly-Clark from Mexico, with -5.65%, and Grupo BMV, with a loss of -5.46 percent.

The US Department of Labor reported on Friday that May inflation advanced to 8.6% in the United States, its highest level in 40 years. The data fueled bets on more and bigger interest rate hikes from the Federal Reserve, which will release its June decision midweek.

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