The Mexican peso started the week higher as investors focused on developments and influence conflict between Israel and Hamasper day without important economic data.
The national currency was quoted at 17.99 per dollar.0.35% ahead of the base price Reuters on Friday.
” weight gain “This is due to lower risk aversion after Israel saw no escalation over the weekend,” said Gabriela Siller, director of analysis at local firm Banco Base.
During the day, Harker’s report from the US Federal Reserve on economic prospects will be interesting, while there will be no corresponding figures for Mexico, he noted. Banorte in the analytical note.
Mexican Stock Exchange It rose on Monday after losses the previous week, although uncertainty remained among investors, with their attention focused on developments in conflict in the Middle East ahead of important corporate reports in the United States this week.
Israel intensified bombing Early Monday morning ahead of an expected ground invasion of the Gaza Strip, dashing hopes of a short-lived ceasefire in the southern Gaza Strip. A loopas Western countries try to step up their efforts to avoid a dangerous expansion of the crisis.
“Mixed markets reflecting caution about the economic impact that conflicts in the Middle East. On the corporate front, the flow of reports will increase, with 55 S&P500 companies to be featured this week, bank reports to continue and some technology companies to be highlighted,” Banorte analysts said in a note.
He leading S&P/BMV IPC indexShares in the company, which combines the most traded shares in the domestic market, rose 0.25% to 49,500.61 points.
Reuters
Source: Aristegui Noticias
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
