The Mexican stock exchange (BMV) traded in negative territory on Wednesday amid investor concerns about rising global inflation and maneuvers by major central banks to cut prices and avoid a recession.
the leading index S&P/BMV IPCwhich groups the 35 most traded shares on the market, fell 1.52% to 47,366.05 points, shortly after the start of the session.
Markets are trading on negative sentiment as investors ponder tighter monetary policies from central banks in the face of high levels of inflation and increased odds of an economic downturn, he said. Banorte.
Traders pay attention to the statements of the chairman of the US Federal Reserve, Jerome Powellwho warned on Wednesday that “inflation obviously surprised to the upside over the past year, and there could be more surprises.”
Meanwhile, Philadelphia Fed President Patrick Harker said in an interview that his decision to support a larger than half-point interest rate hike in the next vote will be based on economic data in the coming weeks.