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140310Mexican Stocks Surge 2% on Tuesday3/2/2021 9:41:00 PM"Mexico’s IPC gained 2% to 45,682 on Tuesday to extend the rally, as improving macroeconomic data, falling COVID-19 cases, and faster vaccine rollouts continue to nudge sentiment. On the pandemic side, Mexico announced it has now received nearly 4 million doses from AstraZeneca, Pfizer, Sinavoc, Sputnik, and CanSino vaccines. On Tuesday, 852 thousand Pfizer doses arrived in Mexico. On the macro side, the AMLO administration announced that more than 140 thousand jobs were created in February. On Monday, business confidence improved to 43.9 in February from 43.2 in the previous month, while the manufacturing PMI increased to 44.2 from 43."MexicoStock MarketMEXBOL/mexico/stock-market1
140301Mexican Peso Almost Steady3/2/2021 5:25:00 PM"The Mexican peso was little changed at 20.7 per USD, as oil prices held steady and as Treasury bond yields continued to retreat. Locally, investors await more developments about the passage of a controversial bill that gives priority to the state-owned power utility over private generators. On the data front, recent PMI survey showed Mexico's manufacturing sector remained stuck in contraction in February amid ongoing Covid-19 restrictions. Also, business sentiment among manufacturers was the strongest in almost a year."MexicoCurrencyUSDMXN/mexico/currency1
140193Mexican Stocks Extend Gains3/1/2021 9:31:00 PM"Mexico’s IPC gained 0.4% or 192 points to 44,785 on Monday to extend gains, as improving macroeconomic data, falling COVID-19 cases, and faster vaccine rollouts continue to nudge sentiment. On the macro side, business confidence improved to 43.9 in February from 43.2 in the previous month, while the manufacturing PMI increased to 44.2 from 43. On the pandemic side, Mexico surpassed 2.5 million inoculations, while new 800 thousand doses arrived from China’s Sinovac. On Thursday of last week, GDP growth for the fourth quarter was revised upwardly to 3.3% QoQ from 3.1% in the preliminary reading, as economic activity in December expanded 0.1% on a monthly basis compared to expectations of a 0.6% decline."MexicoStock MarketMEXBOL/mexico/stock-market1