Overview

• Mexico’s S&P/BMV IPC slipped 0.31% to 60,489.19 and the FTSE Biva fell 0.27% after intraday gains put the IPC near 61,000.
• US producer prices fell 0.1% in August versus a 0.3% increase expected, prompting a jump in market bets on imminent Federal Reserve cuts.
• The IPC and US benchmarks opened at or near records after the PPI release, with the S&P 500 and Nasdaq hitting new highs early in the session.
• Oil prices rose more than 1% as geopolitical tensions intensified, with WTI at $63.33 for October and Brent at $67.08 for November, according to Bloomberg.
• Esentia Energy, formerly Fermaca, said it is preparing a global mixed share offering to list on the BMV, while IPC movers were mixed with Peñoles leading gains and Qualitas among the laggards.