Overview
- Mexico’s IPC opened up 0.05% at 63,405.07 on Monday, extending the prior session’s advance.
- Wall Street rose in early trade on signs the U.S. Senate moved toward a possible shutdown deal, with the Nasdaq up 1.73%, the S&P 500 up 0.13% and the Dow up 0.51%.
- Oil prices firmed on demand hopes, with WTI up 0.54% to $60.07 and Brent up 0.50% to $63.96.
- On Friday, Mexico’s IPC gained 0.45% to 63,376.13 and FTSE-BIVA added 0.44% to 1,263.75, setting another record for BIVA; weekly gains reached 0.97% and 1.09%, respectively.
- Investors digested October inflation at 3.57% y/y within Banxico’s target band and a 25 bp policy rate cut, even as the Nasdaq logged a 3.04% weekly drop on tech valuation concerns.