Mexican Stock Exchange faces worst week in two years

On Friday, the Mexican Stock Exchange closed 0.13 % lower, following a five straight day of losses
Mexican Stock Exchange (BMV) -Photo: Leo Morales
10/02/2018
14:31
Notimex
Mexico City
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On Friday, the Mexican Stock Exchange (BMV) closed 0.13 % lower, following a five straight day of losses, facing its worst week since January 2016.

The S&P/BMV IPC, designed to measure the performance of the Mexican fixed income market, closed at 47,799.09 points, resulting in a 3.15% decline since the beginning of the year.

While U.S. market stocks rebounded, such as Dow Jones which rose 1.38% or Standard and Poor's 500 (S&P500) which fell 1.49% and Nasdaq dropped 1.44%.

It should be noted that global markets keep responding to rising interest rates in the U.S. after the positive employment results published by the U.S. Labor Department last week.

Some of the contributors to the Mexican Stock Exchange plummeting were Elektra which fell 3.02%, Fomento Económico Mexicano (Femsa) tumbling 1.64% and Wal-Mart de México with a drop amounted to 1.41%.

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