The Mexican Stock Exchange declined after reaching a historic peak, as investors turn their attention to upcoming corporate earnings reports for the fourth quarter.
The Mexican Stock Exchange (BMV) experienced a drop in early trading sessions following the previous day's achievement of a new historic high. The leading index, S&P/BMV IPC, fell by 0.13 percent to 71,413.60 points, affected primarily by declines in mining sector firms. The index had peaked at 71,551.29 points, marking a significant milestone.
Grupo México, one of the world’s leading copper producers, led the decline, with a drop of 1.15 percent to 207.05 pesos per share. Following this, Industrias Peñoles, the largest silver producer globally, decreased by 0.85 percent to 1,103.0 pesos. This retreat reflects investor caution as the market prepares for the upcoming corporate earnings season, set for the fourth quarter.
In contrast to the decline in Mexico, Wall Street began trading with slight gains, influenced by positive sentiment regarding upcoming employment figures from the United States. The Dow Jones Industrial Average increased by 0.32 percent during initial trading, suggesting a mixed sentiment in North American markets as both local and international factors impact investor behavior.
