A LITTLE MORE than a month before presidential electionthe financial markets They seem calm.
According to Citibanamexthe exchange rate has appreciated, which could indicate that the continuity of the project of the Fourth Transformation with Claudia Sheinbaum.
In a note to its clients, the bank led by Manuel Romo suggests that the exchange market is assuming continuity, or moderation, as the most likely scenarios.
In the current presidential race, all surveys place the Morena candidate, Sheinbaumas the leader, with an average advantage of more than 20 percentage points.
Unlike previous conflicts, the exchange market does not seem to perceive greater uncertainty.
This could be because it is assumed that a Sheinbaum's eventual victory would imply continuityor a slightly more friendly stance towards private initiative.
Furthermore, the possibility that the opposition candidate, Xochitl Galvezit would also improve the economic prospects.
The main stock index of the Mexican stock exchangechaired by Marcos Martínez and directed by José Oriol Bosch, has shown heterogeneous behavior prior to each election.
Although there have been some drops two months before the election, it has remained stable in the final weeks of the campaign.
Citibanamex considers that the financial markets discount that the 2024 election will lead to continuity, or even some moderation in public policy.
Therefore, financial markets seem to be very focused on deviations from the expected evolution of the current outlook for the United States and Mexico.
Although the markets seem calm, reactions to the electoral process underway could still be observed.
There are 40 days left until the elections, so it is crucial to be informed and prepared for any eventuality.
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