Stock markets opened volatile as fears of a recession persist, while The Mexican peso is awaiting the decision of the monetary authorities on the increase of 75 points, the base of the country’s main interest rate.
The retail dollar at bank windows is sold at 20.61 pesos, a figure 0.39% or 8 cents above the level recorded a day beforeaccording to data from CitiBanamex. In the spot markets, the Mexican currency is around 20.07 pesos per dollar wholesalewhich means a depreciation of 0.13% or 3 cents with respect to the price of the previous day, according to information from Investing.com.
The main indicator of the Mexican Stock Exchange opens at 47 thousand 23.44 pointswhich means a 0.26% retracement. For their part, the main US stock indices start volatile with slight gains. The Dow Jones advanced 0.23%; the S&P 500 0.32%; and the Nasdaq Composite 0.48%.
Investors continue to assimilate the greater possibilities of a recession, as well as the effects of higher interest rates and high inflation, analysts at the financial group Ve por Más commented.
yesterday Wednesday, J. Powell ratified before the Senate that the Federal Reserve will continue with a strong commitment to control inflation while acknowledged that there is a possibility of a recession. Today, the market will continue to pay attention to the second day of J. Powell’s appearance before congressmen.
Changes in globalization behind inflation
In Mexico, inflation for the first half of July was 7.88%, a figure higher than expected. On the other hand, the market will be attentive to the monetary policy announcement of Banxico where the market consensus expects a rise of 75 base points in the reference rate.
In the market of cryptocurrenciesandl bitcoin operates around 20 thousand 435 dollarsfigure 1.2% below the close of the previous day.
CF
Topics
Read Also
Get the latest news in your email
Everything you need to know to start your day
Registering implies accepting the Terms and Conditions
