Mexican Stock Exchange closes with weekly loss due to inflation fears

The Mexican stock exchange (BMV) closed trading on Friday with a moderate loss, in the last session of a negative week. The stock market fell due to investors betting on an anticipated rise in rates from the Federal Reserve in the face of high inflationary pressures.

The benchmark index S&P/BMV IPC, made up of the shares of the 35 issuer with the highest value by capitalization and liquidity in Mexico, closed operations with a fall of -0.53%, with a level of 51,432.54 points. Against a record of 51,977.96 points last Friday, it had a drop of -1.05 percent.


Within the benchmark, most components posted losses, with 26 of their values ​​in red and nine in green. The worst performances of this day were those of Grupo Carso, with -3.94%; Volaris, with -3.77%, and Peñoles, with -2.89%; Walmex stood out with a rise of 1.86 percent.

This week it was announced that the consumer price index in the United States accelerated in October at its fastest rate since November 1990. The data raised the stakes of an interest rate hike from the Federal Reserve (Fed) before than expected and provoked shelter behavior.

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