The benchmark index of the Mexican Stock Exchange(BMV), the S&P/BMV IPC, which groups the 35 most traded shares in
The local market’s decline on Thursday was led by the shares of two of the country’s main mining companies.
The shares of Industrias Peñoles, one of the world’s largest producers of refined silver, led the losses with 8.67% less at
The FTSE BIVA index, of the Bolsa Institucional de Valores (Biva), lost -0.93% and ended trading at 966.57 units.
The local market has been one of the most affected by the latest declarations of US authorities regarding a possible recession due to the maneuvers of the
Mexico has no brake
Despite the government’s efforts and the tightening of monetary policy, consumer inflation continued to accelerate in the first half of June, according to data published by the
In the first fortnight of June, the National Consumer Price Index (NCPI) showed a monthly advance of 0.49%, bringing annual inflation to 7.88%.
This represented an acceleration in the level of inflation since in the second half of May, the national price increase averaged 7.72 percent.
In the last few months, inflation has been a red light worldwide. The high levels of inflation, which affect lower-income people to a greater extent, have led to a tightening of monetary policy.
(With information from Belén Saldívar and Reuters).