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Financial markets have a profitable Thursday

by Ethan Caldwell
written by Ethan Caldwell

Mexico City. The Mexican currency, which was among the three most appreciated currencies internationally on Thursday, registered a daily gain of 0.97 percent, equivalent to 18.6474 units against the US currency, to close at 18.6474 units per spot dollar.

According to data from the Bank of Mexico, the exchange rate operated between a maximum of 18.6690 units and a minimum of 18.6370 units.

Following the publication of retail sales in the United States at the end of July, which showed that consumption in the US economy remains solid, registering a rise of one percent, exceeding the 0.3 percent estimate expected by the market, the Mexican peso accelerated its recovery and accumulated an appreciation of 2.34 percent (44 cents) in the last three sessions.

The good news of the last few days has encouraged investors to take riskier financial positions, which is why stock markets have registered gains of more than one percent.

The Dow Jones Industrial Average, made up of the 30 largest U.S. stocks, rose 1.39 percent to 40,563.06 points. The S&P 500 rose 1.61 percent to 5,543.22 points. The technology-heavy Nasdaq gained 2.32 percent to 17,591.72 points.

For its part, the Mexican Stock Exchange (BMV) gained 1.02 percent, equivalent to 545.97 points, to close at 54,264.92 units.

Oil prices rose more than a dollar on Thursday after U.S. economic data eased fears of an impending recession in the world’s largest economy, though concerns about slowing global demand held back the rally.

Brent crude futures rose $1.28, or 1.6 percent, to $81.04 a barrel. U.S. West Texas Intermediate crude futures added $1.18, or 1.53 percent, to $78.16.


#Financial #markets #profitable #Thursday
– 2024-08-22 09:36:59

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Business

Peso appreciates 1.04% on the finish of the session

by Ethan Caldwell
written by Ethan Caldwell

Mexico Metropolis. The peso closed Friday’s session with an appreciation of 1.04 p.c in comparison with the shut reported on Thursday, a habits that also confirmed the impact of the appointment of six officers to the cupboard of the digital president-elect, Claudia Sheinbaum Pardo.

The change charge for wholesale operations within the Mexican market closed at 18.18 pesos per greenback, whereas the spot charge, which displays operations after the native market closes, stood at 18.11 items of the native forex for every US greenback.

Analysts at Grupo Monex commented that the peso prolonged its features following the announcement made on Thursday by Sheinbaum Pardo about six officers who will kind a part of her cupboard.

“The peso’s efficiency was influenced by the easing of nervousness in native markets,” they famous.

The change charge appreciated 1.46 p.c weekly, after the greenback closed at 18.45 pesos on Friday, June 14.

That is the primary discount after 4 consecutive weeks of losses for the native forex.

As of June 21, the peso reported a depreciation of 6.86 p.c or 117 cents, in comparison with the change charge on the finish of Could, which was 17.01 pesos per greenback.

Till yesterday, the Mexican forex noticed a depreciation of seven.51 p.c in comparison with the extent reported on December 29, which was 16.91 pesos for every US forex.

The depreciation of the peso noticed within the first three weeks of June derived from the chance aversion of the markets, after after the June 2 election Morena and her allies received extra seats and legislators from the ruling celebration commented that in September , first month of the subsequent legislature, they’d focus on 20 constitutional reforms proposed by the federal government of President Andrés López Obrador.

Nonetheless, the weekly habits of the change charge is expounded to the dissipation of political uncertainty, after the digital president-elect met with businessmen and diplomats, in addition to the impact brought on by Thursday’s announcement.

Each occasions have been seen as constructive indicators by the personal sector, markets and traders.

In accordance with the Middle for Public Finance Research of the Chamber of Deputies (CEFP), it was additionally influenced by the expectation that rates of interest in Mexico and the US will stay at their present stage for an prolonged interval.

To date this yr, the change charge had a mean worth of 17.08 pesos per greenback, a stage decrease than the common noticed in the identical interval of 2023, which was 18.27, implying an appreciation of 6.27 p.c.

The S&P/BMV IPC of the Mexican Inventory Change (BMV) closed at 52,788.5 factors, a stage that translated right into a lack of 544.53 factors or 1.02 p.c in comparison with the day before today’s shut.

Nonetheless, the inventory market index confirmed an advance of 0.88 p.c in comparison with the shut of final week, when it ended the session at 52,323.1 factors.


#Peso #appreciates #session
– 2024-07-01 14:28:22

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The Mexican peso appreciated to 17.01 per dollar
Business

The Mexican peso appreciated to 17.01 per dollar

by Ethan Caldwell
written by Ethan Caldwell

Mexico City. The weakness of the dollar worldwide supported the exchange rate in Mexico to regain positive ground at the beginning of the week.

The Mexican peso appreciated 0.75 percent, equivalent to 12.81 cents against the US currency, to close at 17.0185 units per spot dollar.

Pending the outcome of the Federal Reserve’s monetary policy meeting, the Mexican currency managed to trade below 17 per dollar, but failed to close below that psychological level. One session until the end of April, the Mexican peso presents a loss of 2.75 percent.

According to data from the Bank of Mexico, the exchange rate operated this Monday between a maximum of 17.0540 units and a minimum of 16.9930 units.

For its part, the dollar index showed a depreciation, according to its weighted index, which measures the behavior of the US currency against a basket of six international currencies, of 0.26 percent, to close at 105,525 units.

In the midst of a correction in the dollar, markets await the outcome of the two-day meeting of the United States Federal Reserve (Fed), which although they are expected to maintain rates at their current level, 5.25 and 5.50 percent, They will be attentive to what Jerome Powell, president of the Fed, says in his conference.

Wall Street closed higher on Monday to kick off a week filled with a Federal Reserve rate decision, the monthly jobs and earnings report from more tech heavyweights.

The S&P 500 rose 0.32 percent, to 5,116.17 units. The tech-heavy Nasdaq gained 0.35 percent to 15,983.08 points, while Tesla shares rose 15 percent amid upbeat news related to the electric vehicle giant’s full self-driving technology in China. The Dow Jones Industrial Average, which has fewer technological components, rose 0.38 percent, to 38,386.09 points.

Stocks briefly gave up the previous session’s gains after the U.S. Treasury raised its federal borrowing estimate by $41 billion to $243 billion for the current quarter. The 10-year Treasury yield rose to 4.627 percent, according to estimates.

Investors are counting down to the Federal Reserve’s policy decision at the end of its two-day meeting on Wednesday. Confusion reigns over whether the cooling of inflation has stalled and what any persistence of price pressures for interest rate cuts means.


#Mexican #peso #appreciated #dollar
– 2024-05-07 05:46:10

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The Mexican peso closes at a new best level since 2015
Business

The Mexican peso closes at a new best level since 2015

by Ethan Caldwell
written by Ethan Caldwell

Mexico City. As a result of the growing bets of lower interest rate cuts in the United States and the caution of the Bank of Mexico, the Mexican peso continued its winning trend against the dollar, appreciating 0.75 percent this Monday, equivalent to 12.32 cents. , to close at 16.3368 units per spot dollar, a new best level since 2015.

The Mexican currency seeks to consolidate below 16.50 per dollar, which is why it reached its best level since August 2015, when it was quoted at 16.3360 units per dollar in the interbank market. So far this year, the Mexican peso has accumulated a gain of 3.7 percent and is the most appreciated currency internationally against the dollar in 2024.

According to the Bank of Mexico (BdeM), the exchange rate operated between a maximum of 16.3650 units and a minimum of 16.3150 units.

After the solid March employment report in the United States, the market expects that there will be two interest rate cuts this year and that the Bank of Mexico will be cautious and keep rates around 10 percent; That is, the rate differential between both economies will remain high, being an attraction for international investors.

The dollar index, the DXY, which measures the behavior of the US currency against a basket of six international currencies, depreciated 0.16 percent, to 103,905 units.

On the eve of the release of Mexico’s inflation data for March, US inflation and the Fed minutes, the markets began the week with a mini-truce, as Israel’s withdrawal to the south of the Gaza Strip may help de-escalate a conflict that threatens to spread across the Middle East.

The 10-year Treasury yield stood at 4.42 percent, following a bond selloff last week. While the benchmark has pared its gains, it is still within reach of the key 4.5 percent level seen by some as a possible turning point to reach last year’s highs. Wall Street and oil prices closed with losses.

U.S. stocks ended Monday’s session little changed as investors entered a big week that will see new inflation data test opinions on rate cuts and the start of the first-quarter earnings season.

The Dow Jones, S&P 500 and tech-heavy Nasdaq closed near the flat line; the first fell 0.03 percent; the next 0.04 percent and the last advanced 0.03 percent.

For its part, the Mexican Stock Exchange fell 0.18 percent, equivalent to 102.50 units.

International oil prices fell this Monday after a streak of rising days, in a market that took profits. The price of a barrel of North Sea Brent for delivery in June fell 0.96 percent, to $90.38. For its part, the West Texas Intermediate (WTI) for May lost 0.55 percent, closing at $86.43. The WTI had been rising for six consecutive days.


#Mexican #peso #closes #level
– 2024-04-12 13:32:08

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New Research Reveals Growing Political Divide between Young Men and Women in Generation Z
Business

New Research Reveals Growing Political Divide between Young Men and Women in Generation Z

by Ethan Caldwell
written by Ethan Caldwell

New research has found that the demographic is increasingly divided on political issues, with young men becoming more conservative and young women becoming more progressive.

Something unexpected is happening between men and women in Generation Z.

Over the last decade, numerous studies measuring public opinion have found that notoriously progressive young people are increasingly divided on a variety of key social and political issues, including drug addiction, crime, climate change, gun violence and reproductive rights.

And this is what new research shows from the Financial TimesThe most rapid divergence between the views of young men and women this century is now on full display: “Tens of millions of people living in the same cities, in the same workplaces, in the same classrooms, and even in the same homes no longer see each other agreed.” -Eye.’

As it turns out, women aged 29 to 18 have become more liberal every year since 2014, while young men have, paradoxically, become more conservative. This data suggests that the population size is now both left and right at the same timewith female Generation Zers now more likely than their male contemporaries to vote, be interested in politics and take part in protests.

In the US, Gen Z women are now 30 percentage points more liberal than Gen Z men, with the divide accelerating significantly over the last decade. German Generation Z women are also 30 percentage points more liberal than German Generation Z men, while the gap in the UK is 25 points.

The ideological divide is even more pronounced in South Korea, where young men voted primarily for the right-wing People Power Party and young women for the Liberal Democratic Party in the 2022 presidential election.


2024-01-30 18:59:31
#strong #ideological #divide #emerging #Generation #worldwide #Thred #website

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