Markets & Data
Bulltick to close Mexico brokerage after causing crash
Dow Jones - The local brokerage house of Bulltick Capital Markets has requested the Mexican securities regulator revoke its operating license after the brokerage triggered a mini "flash crash" in April by entering an erroneous trade.
www.foxbusiness.com/news/2012/05/09/bulltick-to-close-mexico-brokerage-after-causing-crash/
UBS upgrades Wal-Mart stock to buy from neutral
Dow Jones - UBS raised its recommendation on shares of Mexican retailer Wal-Mart de Mexico to buy from neutral, saying that current valuations implying no store growth are "too dramatic."
Peso closes weaker, weighed down by Europe crisis
Dow Jones - The Mexican peso closed weaker against the U.S. dollar Wednesday, weighed down again by intensified political and economical crisis in Europe. The peso closed at 13.4795 to the dollar.
Stocks moderately lower as Euro concerns continue
Dow Jones - Mexican stocks were moderately lower in early trading on Wednesday as events in the euro zone continued to inject risk fears into market. The IPC index was losing 0.5 percent to 39,015 points.
Fibra Uno plans to buy three more properties
Sentido Comun - Fibra Uno, the only Mexican real estate trust listed on the Bolsa, announced that it plans to three new buildings, in Tlalnepantla, Cuemanco and Lerma. The properties are geared at commercial and industrial uses.
www.sentidocomun.com.mx/breves.phtml
Inflation cools to six-month low in April
Dow Jones - Mexico's consumer prices fell in April as expected, with annual inflation hitting a six-month low and giving the central bank more room to cut rates if turbulence in financial markets eases.
www.nasdaq.com/article/data-snap-mexico-inflation-cools-to-6-month-low-in-april-20120509-00922
Yields on Mexican government securities mixed
Dow Jones - Yields on Mexican government securities were mixed Tuesday at the Bank of Mexico's primary auction ahead of the central bank's release this week of minutes of its most-recent policy meeting at which it left rates unchanged.
Peso drops most in five months on Europe turmoil
Bloomberg - Mexico’s peso fell the most in five months as concern Greece may renege on terms of international assistance damped demand for higher-yielding assets. The currency slipped 1.5 percent to 13.3673 pesos per U.S. dollar.
Inflation likely eased to six-month low in April
Dow Jones - Mexico's consumer prices likely continued easing in April, with annual inflation expected to have hit a six-month low, driven by cooling agricultural prices and seasonal electricity subsidies.
www.nasdaq.com/article/survey-mexicos-inflation-likely-eased-to-6-month-low-in-april-20120507-01711
GAP domestic traffic rises while foreign traffic dips
Business Wire - Grupo Aeroportuario del Pacifico, or GAP, reported that passengers in April increased 2.2 percent compared to the previous year. Domestic passenger traffic increased 4.4 percent, while international passenger traffic declined 1.3 percent.
