Particle.news

Download on the App Store

Mexico’s IPC and U.S. Benchmarks Set New Highs as Rally Broadens

A surprise decline in U.S. producer prices reinforced expectations of imminent Fed rate cuts.

Overview

  • Mexico’s S&P/BMV IPC rose about 0.4% to 60,921 after touching an intraday record near 60,987, while the FTSE Biva gained 0.24% to 1,215.81.
  • The S&P 500 opened up 0.48% at 6,544.11 and the Nasdaq Composite added 0.35% to 21,956.09, both at record levels, as the Dow Jones slipped 0.13%.
  • U.S. producer prices fell 0.1% in August, under the 0.3% forecast and following a 0.9% rise in July, bolstering wagers on near-term Fed rate cuts.
  • Esentia Energy, formerly known as Fermaca, is preparing a mixed global public offering to list shares on the Bolsa Mexicana de Valores.
  • Oil advanced more than 1% as conflicts in Europe and the Middle East escalated, with WTI for October at $63.33 and Brent for November at $67.08 a barrel.