Particle.news

Download on the App Store

Mexico Stocks Slip at Open After Best Week Since September as Wall Street Gains

Investor caution reflects U.S. earnings momentum offset by political uncertainty, weaker oil.

Overview

  • S&P/BMV IPC opened down 0.48% at 61,446.85, putting the BMV on track for a second straight decline if losses persist.
  • Wall Street started higher on third‑quarter earnings, with the S&P 500 up 0.81%, the Nasdaq up 1.13%, and the Dow up 0.61% in early trading.
  • Oil prices fell on IEA supply projections, with WTI down 1.67% and Brent down 1.66% early in the session.
  • Despite Monday’s softness, Mexico’s benchmarks posted their best week since September last week, with the IPC up 1.94% and the FTSE‑BIVA up 1.76% after both fell more than 1% on Friday.
  • Market tone remains guarded given U.S.–China trade developments, the risk of a prolonged U.S. government shutdown, domestic legal changes including the published Ley de Amparo reform, and stock‑specific swings such as Orbia’s 14.30% weekly rise.