Mexican markets opened low this Monday as Wall Street remains closed in observance of Presidents' Day. The S&P/BMV IPC index fell by 0.06 percent, positioning itself at 71,434.59 points, and the FTSE-BIVA index saw a more significant decline of 0.27 percent, settling at 1,413.55 points. Last week, the BMV had gained 0.95 percent, marking five increases in the last six weeks, indicating a temporary setback at the start of the new trading week.

In currency exchange, the Mexican peso experienced a minimal depreciation against the dollar, falling by 0.02 percent to a rate of 17.16 pesos per dollar. This slight decline reflects the ongoing variability of the currency in response to broader economic trends. Meanwhile, international markets showed mixed trends, with only the DAX in Germany reporting a decrease of 0.16 percent, contrasting with a notable increase in Spain's IBEX 35, which rose by 1.11 percent.

The overall market trends suggest a cautious approach among investors as they await clearer economic indicators both locally and internationally. With Wall Street closed for the holiday, Mexican markets may prepare for fluctuations depending on how global sentiments influence trading in the coming days. Investors in Mexico will be closely monitoring not only domestic factors but also the international reactions once the U.S. markets reopen.