The Mexican Stock Exchange (BMV) has recorded its third consecutive day of gains, hitting new historical highs as investors turn their attention to the upcoming corporate earnings reports for the fourth quarter. The leading stock index, S&P/BMV IPC, rose by 0.36 percent, reaching 71,061.23 points shortly after market opening. This increase reflects a positive sentiment among investors as they anticipate important financial disclosures from major companies.

Notably, shares of the conglomerate Orbia led the gains, with an increase of 4.48 percent to 21.67 pesos, followed by Grupo Financiero Inbursa, owned by billionaire Carlos Slim, which rose by 1.52 percent to 46.78 pesos. These upward movements in stock prices suggest that investors are optimistic about the financial performance of these companies in the near term, particularly as the quarterly reports loom.

In contrast, the New York Stock Exchange opened slightly lower, with concerns about inflation and labor market data expected to be released later in the week. The Dow Jones fell by 0.18 percent, the Nasdaq by 0.34 percent, and the broader S&P 500 index decreased by 0.23 percent. This divergence in market performance highlights the localized focus of the Mexican market compared to its US counterparts, suggesting that investor confidence is more resilient in Mexico, at least for the moment.