The Mexican stock market fell at the end of a negative week.

The Mexican stock market ended with declines on Friday, pressured by the shares of Megacable, Coca-Cola Femsa, and Inbursa, among other stocks, capping off a negative week.

The main index of the Mexican Stock Exchange (BMV), the S&P/BMV IPC, which includes the most traded local shares, fell 0.61% to 52,333.16 points. The FTSE BIVA, from the Institutional Stock Exchange (Biva), dropped 0.57% to 1,073.49 points.

Within the benchmark index, most stocks closed in negative territory. Leading the decline were Megacable, down 3.42% to 44.36 pesos, Coca-Cola Femsa, down 3.08% to 148.93 pesos, and Inbursa, down 2.95% to 43.43 pesos.

In a week marked by U.S. labor data signaling an economic slowdown, the S&P/BMV IPC index recorded a 0.20% decline. Investors are awaiting more information regarding the future of interest rates.

U.S. non-farm payrolls increased by 206,000 jobs in June. May’s figures were significantly revised down to 218,000 jobs from the initially reported 272,000, and June’s figures were even lower.

Additionally, the U.S. unemployment rate rose from 4% in the previous month to 4.1%, higher than the expected 4%. Both figures provided new signs of a slowdown, which are favorable for a rate cut by the Federal Reserve.

Following the data, the likelihood of the Fed announcing an interest rate cut in September increased to 72%, with the possibility of a second cut in December, according to interest rate futures tracked by CME Group’s FedWatch tool.