The Mexican stock market lost Thursday for the second day in a row, with investors nervous about the possible arrival of a global recession as a result of the tightening of monetary policies by the main central banks.
the leading index S&P/BMV IPCwhich groups the 35 most traded shares on the market, fell 0.23% to 47,036.09 points, shortly after the start of the session, in line with the previous day, when it closed at its worst level since March 25, 2021.
Major stock markets around the world are trading mixed, taking in Wednesday’s comments from US Federal Reserve Chairman Jerome Powell and weak economic figures in the Eurozone, Ci Banco said.
The chairman of the Federal Reserve anticipated more increases to the key interest rate and did not rule out increases of up to 100 basis points, although this could conflict with economic growth.
Uncertainty over the pace of tighter monetary policies and their consequences for world economies have caused high volatility in markets, US investment firm PIMCO said.
In this context, the Mexican market awaits the announcement of the latest monetary policy decision by the Bank of Mexico on Thursday afternoon, where a hike of 75 basis points in the key rate is anticipated.