ITG starts Posit Alert trading in Mexico

Bloomberg - Investment Technology Group Inc. (ITG) has expanded its platform to Mexico. ITG’s Posit Alert will provide fully electronic bulk trading in Mexico as the company expands the product into Latin America.

Peso falls to 2-week low, falling 0.5 percent

Reuters - Mexico's peso weakened 0.52 percent on Monday, trading at 12.7465 per dollar. The peso fell to its lowest level since July 15.

Reserves reach new record of $166.994 billion

Sentido Comun - Banco de Mexico said that the reserves last week reached a new record of $166,994 billion after a $243 million dollar increase over the previous week, partly due to dollar puchases by the federal government.

Banorte aims to raise $2.5 billion in share sale

Dow Jones - Mexican bank Grupo Financiero Banorte is looking to sell around $2.5 billion in shares to fund recent acquisitions and could have money left over to pursue further deals in a country where foreign banks control more than two-thirds of deposits.

Peso firms to 1-month high after US data

Reuters - Mexico's peso firmed on Monday to a one-month high after weaker-than-expected U.S. retail sales data for June added to signs of slower growth that might keep the Federal Reserve from soon trimming its stimulus program.

Peso rises above 13 per U.S. dollar

Reuters - Mexico's peso gained more than 1.5 percent on Monday as results of state elections on Sunday boosted the outlook for the country's key structural reforms. The gains took the Mexican peso past the psychologically relevant level of 13 per dollar.

Bernanke denies India to Mexico rate cuts

Bloomberg - Traders who anticipated lower interest rates in developing nations are reversing course as prospects for reduced Federal Reserve economic stimulus sparks the worst rout in emerging-market currencies since 2001.

Remittances to Mexico fall over 13% in May

Latin American Herald Tribune - Remittances sent by Mexicans living abroad fell 13.2 percent to $2.03 billion in May, compared to the same month in 2012, the Bank of Mexico said Monday. May marked the 11th consecutive month that remittances have fallen.

Vesta announces up to $333 million public offering

Reuters - Mexican industrial real estate company Vesta said is planning a global public offering worth up to $333 million including an over-allotment option. Vesta debuted on the Mexican stock exchange in 2012 with a public offering worth $255 million.

The Mexico ETF is down but not yet cheap

Nasdaq - If there is anything positive to say about emerging markets stocks, and finding such niceties is difficult these days, it is that these equities and ETFs are inexpensive on a valuation basis.

Syndicate content