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Monday, July 15, 2019
06:06 PM
Mexico Central Time
MARKETS AND DATA: US Dollar: $12.65 Euro: $16.78 Gold: US$1,327 Silver: US$20.39 Mex Crude: US$102.50 Cetes 28: 3.85%

posted 2009-07-17
Relaxing the monetary policy
The Mexican Central Bank reported a 0.25% base points cut on the interbank interest rate. The new figure has been established on 4.50%. The cut intends to boost the economy after the negative economic performance in the first semester of 2009 where the Mexican exports of manufacturing products declined 25%.

posted 2009-05-29
Positive May for financial data.
The peso recovered 5% to the U.S. Dollar. The Mexican Crude Oil gained 22% scoring above the US$60 barrier. The Mexican Stock Exchange experienced an 11% rise. The gold and silver increased 6% and 19%.

posted 2009-05-19
Postive economic data
The Mexican Stock Exchange BMV is performing in its best level since Black October. The stock index (IPC) is rounding the 24,500 points. The peso parity rate is also operating well in the region of $13.00 per U.S. Dollar.

posted 2009-05-18
Mexican GDP to fall 5% in 2009
The head of the Mexican Central Bank modified the estimation of the GDP fall in 2009. The new figure has been established between -4.3% to -5.3%. This means that the influenza alarm will impact in a negative 0.5% the original estimations. He also highlighted the urgency of a tax reform to strengthen the government revenue, and the reduction on the dependency of the oil income.

posted 2009-05-06
Back to business
The Mexican Health System has taken control of the Swine Flu. Government offices re-open under certain cautions and recommendations, and the productive sector is back to work. High schools and universities are gradually going back to regular activities. Primary schools will go back to regular activities on May 11, 2009.


The business of miracles

July 20, 2009. 17:56

Today, the Mexican Stock Exchange reached a record high of 26,284 points.

This is the best result in 2009 and getting closer to the levels experienced before the economic downturn. Some analysts are stating that the economic crisis has come to an end.

The results reported by the world stock exchanges are signaling that at least part of the confidence is back. See the image to evaluate the world recovery in the stock exchange.

DoingBusinessInMexico Staff
Published: July 20, 2009. 17:56 | Last updated: July 20, 2009. 17:56
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