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Europe and Mexico Hit Fresh Market Highs as Tech Slump Drags Wall Street Lower

Investors are positioning cautiously before the release of postponed U.S. jobs and inflation reports and key central‑bank decisions this week.

Overview

  • Spain’s Ibex 35 closed above 17,000 for the first time, rising 1.11% to 17,041 on bank and infrastructure gains.
  • Mexico’s IPC reached a new intraday record above 65,000 points, supported by advances in Cemex and OMA.
  • U.S. equities ended mixed to lower, with the Nasdaq leading losses as AI‑linked stocks, including Broadcom and Oracle, weighed on tech.
  • Argentina’s central bank formalized its 2026 foreign‑exchange and monetary framework with a 5% daily MULC purchase cap and CPI‑linked exchange‑rate bands.
  • Corporate actions shaped local moves, with Ferrovial launching an €800 million buyback, Talgo shareholders approving a restructuring plan, and Acciona Energía preparing two wind projects in South Africa.