The national stock market extended its profit taking this Wednesday by closing with a drop of 2.35 percent, to a level of 38,266.19 units, in a scenario of renewed caution in risk assets due to the performance of the economy for this year . Read: Mexico is number 12 among oil producing countries
The S & P / BMV IPC of the Stock Exchange closed yesterday with a drop of 1.92 percent after last week it accumulated a profit of 7.61 percent, now investors incorporate the new forecasts for the Gross Domestic Product and the recent indicators of the United States .
Although the financial perspectives have deteriorated, the Mexican financial system is in a position of solid capital and liquidity, an element of great importance to face an environment of economic weakness and sustain financing to companies and households.
– Banco de México (@Banxico)
June 10, 2020
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On Wall Street, the main indices closed again in mixed terrain, the Dow Jones and Standard & Poor’s advanced 1.53 and 0.53 percent, respectively, while the technological Nasdaq advanced 0.67 percent and exceeded the level for the first time in history of the 10 thousand integers.
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Among the most relevant events of the day was the Federal Reserve’s monetary policy decision, in which it left the benchmark rate unchanged and its president, Jerome Powell, said in reference to the stock markets that they want them to function without look for a particular level.
In addition, the central agency specified that its purchases will be 80 billion dollars for treasury bonds and another 40 billion in mortgage-backed securities and that it will keep interest rates between 0 and 0.25 percent until 2022.
On the other hand, the Organization for Economic Cooperation and Development (OECD) revised down its world growth forecasts for this year to -6 percent, while for Mexico it did so at -7.5 percent.
