Mexico City and New York / 07/13/2021 09:22:53
The Mexican Stock Exchange (BMV) traded at the opening of the day with a slight loss, while investors assimilated the inflation data in the United States for June and kept an eye on the corporate quarterly reporting season, both on Wall Street and in Mexico.
The benchmark S & P / BMV IPC index, made up of the shares of the 35 most liquid firms in the market, fell a marginal 0.03 percent to 49 thousand 776.46 points.
“(The June inflation in the United States) raised doubts in the market on the ability of central banks to maintain their current ultra-lax monetary policies for much longer, “explained Jorge Gordillo, director of analysis at CI Banco, after the indicator was higher than expected.
On the other hand, the expert added that investors will be on the lookout for the quarterly reporting season, in which the most relevant will be the forecasts that companies make for their performance in the second half of the year.
Later on Tuesday, América Móvil, the largest and most liquid company in the Mexican market, will report its results for the second quarter of the year.
Wall Street opens lower after US inflation report
The US stocks fell in early trading of the day after a sharp rise in consumer prices in June, although the decline was contained by reports of positive results from banks and PepsiCo.
The Dow Jones Industrial Average It was down 36.2 points, or 0.10 percent, to 34,959.96 points.
The S&P 500 dropped 3.6 points, or 0.08 percent, to 4,381.07 points and the Nasdaq Composite subtracted 18.1 points, or 0.12 percent, from 14,715,133 units.