Markets & Data
Annual inflation rises to 4.83 percent
CNNMéxico - Mexico's consumer prices rose 0.58 percent in February, higher than was expected, because of a rebound in prices of some vegetables and services, the Bank of Mexico said Tuesday. Core inflation rose was 0.4 percent, more in line with expectations, according to the bank.
www.cnnexpansion.com/economia/2010/03/09/la-inflacion-anual-sube-a-483
AMB property fund to target Mexico's afores
Reuters - San Francisco-based AMB Property Corp., which invests in distribution hubs, expects to soon offer a new commercial real state fund in Mexico that aims to draw investment from the nation's 14 private pension funds, which control $85 billion.
Peso slips from 16-month high; stocks flat
Reuters - Mexico's peso slipped on Monday after closing at a 16-month high last week, and stocks were little changed as investors digested comments from France's president on possible aid for Greece. The peso lost 0.3 percent to 12.6635. The IPC stock index added 0.04 percent to 32,450 following its close at a six-week high last Friday.
CNE buys $17 million stake in Mexican Bolsa
Bloomberg - CME Group Inc., owner of the world’s largest futures market, paid $17 million for a 1.9 percent stake in Mexican stock exchange Bolsa Mexicana de Valores to expand in Latin America. Customers of each company will get access to derivative contracts offered by the other exchange.
Stocks close higher, peso firms slightly
Dow Jones - Mexico's stocks closed higher on modest volume Friday, as buyers stepped into the market following better-than-expected U.S. employment and consumer credit data. The benchmark IPC index rose 0.7 percent, or 234.53 points, to close at 32436.53. The peso closed at 12.6375 pesos to the dollar, compared with 12.7015 at Thursday's close.
Stocks close lower first time in four sessions
Dow Jones - Mexico's stocks on Thursday shed early gains to close lower for the first time in four sessions, as investors took profits ahead of Friday's key U.S. jobs report. The benchmark IPC index fell nearly 0.5 percent, or 151.54 points, to close at 32202. The peso was quoted in Mexico City closing at 12.7015 to the dollar, compared to 12.7010 at Wednesday's close.
Stocks end higher for third session
Dow Jones - Mexico's stocks closed higher for a third-straight session Wednesday, thanks to better-than-expected data for the U.S. services sector and employment. The IPC index rose 0.9 percent, or 298.50 points, to close at 32353.54. The peso closed at 12.7010 to the dollar, compared to 12.7405 at Tuesday's close.
Grupo Mexico leads in 4Q Bolsa revenues
El Economista - The sales performance of Grupo Mexico led revenues of the companies in the index of leading companies on the Mexican Stock Exchange, with an upturn of 90.6 percent to reach a level of 20.319 million pesos, during the last quarter of 2009.
eleconomista.com.mx/mercados-estadisticas/2010/03/03/gmexico-ganadora-ipc-cierre-ano
Stocks close higher, peso nearly flat
Dow Jones - Mexico's stocks on Tuesday closed higher for a second consecutive session, led by gains in the shares of wireless carrier America Movil and construction firm Empresas ICA. The benchmark IPC index rose 0.9 percent, or 289.90 points, to close at 32055.04. The peso closed at 12.7405 to the dollar, compared to 12.7465 at Monday's close.
Fiscal surplus reaches $502 million on tax revenue
Dow Jones - Mexico had a fiscal surplus in January of 6.4 billion pesos ($502 million) owing to higher oil income and tax revenues, the Finance Ministry said Tuesday. In the first month of 2010, tax collection was 16.1 percent higher compared with the year-ago month.
