Overview

• Mexico’s benchmark rose 1.5% to 59,747.88, its third all-time close this year and roughly 20% higher in 2025.
• Industrias Peñoles jumped more than 7%, with Pinfra and BanBajío also advancing as mining-led gains broadened the move.
• Analysts linked the upswing to record gold and silver prices and growing expectations of Federal Reserve rate cuts, alongside dollar weakness.
• Coverage also cited a recent U.S. federal court ruling against most tariffs as a factor that bolstered risk appetite and commodities.
• The BMV courted global capital at Mexico Investment Week with a Nasdaq bell-ringing and highlighted initiatives such as tech upgrades, new products, and SIC fee waivers, while analysts warned that U.S. jobs data and mixed Q2 results could test momentum.