Overview

• The S&P/BMV IPC rose about 1.1% in early trade to roughly 61,300 points, reversing part of last week’s slide.
• Mining names paced the advance, with Peñoles up about 4% and Grupo México gaining nearly 3%, alongside a rise in PINFRA.
• U.S. equities advanced as technology shares rebounded, helped by Broadcom’s jump after formalizing a partnership with OpenAI.
• Oil prices recovered from five-month lows, with WTI and Brent futures both higher in early trading.
• Last week’s weakness followed backlash over Germán Larrea’s Banamex bid and Citigroup’s IPO plan with a 25% stake for Fernando Chico Pardo, with residual sector unease after CIBanco’s liquidation.