The main index retreated midweek, marking two declines in an environment of anticipation for key information for domestic markets.

The Mexican stock exchanges experienced marginal changes in Wednesday’s operations. The main index retreated midweek, marking two declines in an environment of anticipation for key information for domestic markets.

The leading index S&P/BMV IPC of the Mexican Stock Exchange (BMV), which measures the most traded local stocks in Mexico, fell by 0.05% to 57,081 points. The FTSE BIVA of the Institutional Stock Exchange (Biva) gained 0.01% to 1,170.71 points.

Within the benchmark index, most stocks recorded losses. Shares of Banco del Bajío fell by 3.26% to 63.22 pesos, followed by those of airport operator Oma, down by 2.47% to a level of 178.76 pesos.

Local traders await Mexico’s inflation data for April tomorrow and later in the day, Banxico’s monetary policy decision. Interest rates are expected to remain unchanged at 11 percent.
Tomorrow, traders will be attentive to April’s inflation data in Mexico and Banxico’s decision.

While no changes are expected, the signals and voting structure will be key.

Meanwhile, ECLAC calls for increasing fiscal space in Latin America to improve public finances.

The meeting was inaugurated by José Manuel Salazar-Xirinachs, Executive Secretary of ECLAC, who warned that the current macrofinancial environment, characterized by low economic growth and high financial costs, has made fiscal policy management more complex in the region.

The significant transformations required in the development models of Latin America and the Caribbean to achieve more productive, inclusive, and sustainable societies necessitate an expansion of fiscal space to ensure the sustainability of public finances.

This was expressed by authorities, experts, and academics gathered at the XXXVI Regional Seminar on Fiscal Policy, which concluded this Wednesday at ECLAC headquarters in Santiago, Chile.