Overview

• The S&P/BMV IPC ended last week up 3.02% at a record 60,479.76 points, while the FTSE BIVA also posted a new high.
• Early Monday trading kept the IPC near 60,500 with only slight moves after three record closes in the past week.
• Mining led the advance, with Industrias Peñoles up 18.5% on the week alongside gains in Banco del Bajío and Grupo Bimbo.
• Weaker U.S. labor data pushed market-implied odds to about 90% for a 25 bp Fed cut, with key U.S. inflation reports due in coming days.
• BBVA opened the acceptance period for its hostile offer for Banco Sabadell following CNMV authorization, drawing investor attention in Europe.