BMV opens higher and cuts losing streak after talks between the US and China
The Mexican Stock Exchange (BMV) gained this Friday driven by a wave of global appetite for risk due to signs of relief in tensions between China and the United States after reports of a call between their leaders.
The referential S&P/BMV IPC stock index rose 0.60% to 51,700.92 points, shortly after the opening of business, ending a streak of three consecutive sessions of losses.
The titles of the mining group Grupo México were the ones that contributed the most to Thursday's advance, with 2.17% more to 87.75 pesos, followed by those of the financial group Banorte, which added 1.25% to 127.69 pesos.
Stocks in the United States rose after signs of an easing of tensions with China and after economic data eased fears that the economic recovery is slowing.
The Dow Jones Industrial Average was up 70.21 points, or 0.20%, at 34,949.59. The S&P 500 was up 13.64 points, or 0.30%, at 4,506.92 and the Nasdaq Composite was up 84.66 points, or 0.56%, at 15,332.92.
Filed in:BMVS&P/ BMV IPCWall Street