The Mexican market (BMV) is trading with losses awaiting the Fed Meeting

The worst performances within the benchmark index are seen in the shares of the mining company Grupo México, which are down more than 3.5%

The Mexican stock exchanges are trading lower in their Tuesday sessions. Local indices are falling in line with much of the regional markets, due to caution ahead of several monetary policy announcements this week.

The S&P/BMV IPC index, from the Mexican Stock Exchange (BMV), which comprises the 35 most traded local stocks, is down 0.80% at 55,779.97 points. The FTSE BIVA index, from the Institutional Stock Exchange (Biva), is losing 0.81% to a level of 1,148.38 points.

Within the benchmark index, most stocks are trading with losses. The worst performers are Grupo México shares, down 3.60% at a price of 94.33 pesos, followed by Regional, which is down 3.23% to 163.09.

In other news of the day, the National Institute of Statistics and Geography (INEGI) has released the results of the fourth quarter of 2023 regarding the Quarterly Global Supply and Demand (QGSD) and the Quarterly Gross Saving Indicator (QGSI). These indicators provide a comprehensive view of economic activity in the country.

According to these data, in the last quarter of last year, private consumption in Mexico experienced an increase of 0.9% compared to the previous quarter.

In seasonally adjusted terms, the components of Global Demand during the fourth quarter of 2023 showed positive behavior.

Furthermore, exports of goods and services grew by 0.4%, government consumption increased by 0.3%, and gross fixed capital formation (GFCF) recorded an increase of 0.1% compared to the previous quarter.

When observing the data on an annual basis, Global Supply recorded an increase of 2.8%, with Gross Domestic Product (GDP) growing by 2.5%.