IPC Gains 1.06% to 66,746.78 as Peso Firms | Mexico Market Report, Oct 12
Mexico’s S&P/BMV IPC rose 1.06% to 66,746.78 on Monday 12 October as the peso gained about 0.8% to 18.26 per US dollar and industrial output beat forecasts. The post IPC Gains 1.06% to 66,746.78 as Peso Firms | Mexico Market Report, Oct 12 appeared first on The Rio Times .
The Mexican Stock Exchange's main index, the IPC (S&P/BMV IPC), gained 1.06% to 66,746.78 points on Monday, October 12. This rise came as other exchanges in Brazil, Chile, Argentina, and Colombia were closed for holidays. The Mexican peso also strengthened, increasing about 0.8% to 18.26 per US dollar. This appreciation of the peso makes Mexican assets more valuable in dollar terms and reduces import costs.
Industrial production in Mexico increased 3.5% in August compared to the previous year, according to the national statistics office INEGI.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
