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2h ago

BMV’s IPC Futures Debut on CME as Powell-Fueled Rally Lifts Markets

The move offers 23-hour access to the IPC, with benefits dependent on active uptake by Mexican intermediaries.

Paneles con los resultados de los valores del Ibex 35.
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Un panel del Ibex 35.
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Overview

  • BMV, MexDer and CME executives launched S&P/BMV IPC futures in Chicago to draw international investors, raise visibility and channel liquidity back into Mexican equities and ETFs.
  • The contracts trade roughly 23 hours a day, six days a week, expanding access for investors in Europe and Asia and enabling new hedging and index replication strategies.
  • Some market participants warn that derivatives activity could shift offshore and reduce MexDer’s onshore momentum if local brokers and institutions do not actively use the new instruments.
  • Stocks rallied after Jerome Powell’s Jackson Hole remarks kept the option of future rate cuts open, with the S&P 500 up about 1.5%, the Nasdaq up nearly 1.9% and Mexico’s IPC opening higher on Friday.
  • Banxico minutes pointed toward potential easing and softer local data added flexibility, while Grupo Herdez jumped more than 30% after selling half its McCormick stake and was briefly halted.