Thursday , March 4 2021

Morning support for the initiative to eliminate bank fees comes from BMV & # 39;



Mexico City .- Mexico Stock Exchange (BMV) expands losses as Monday's meeting is held, depending on the activities of the banking sector.

Mexican banks are again the mainstay of the day, driving the wave of sales again in the Mexican market. The sector fell 5.4 percent.

At 10:37 local time, the S & P / BMV IPC index fell 2.03% to 43,640 points after the Senate 's Morena benchmark announced its support for coordinator Ricardo' s plan. Montreal

Banorte shares, which had the worst week since November 2016, fell 6.77 percent to 99.37 pesos.

Santander's share price also dropped 4.58% to 25.20 pesos, while Banco del Bajio fell 3.28% to 40.04 pesos and Gentera fell 3.47% to 16.25 pesos.

On the other hand, shares in Grupo Financiero Inbursa rose by 1.52% to 27.33 pesos.

Because the coordination between Morena and Bloc is unclear, the controversial initiative of the Montreal senator has caused uncertainty among investors. President Andrés Manuel Lopez Obrador said during his first three years of calming the market on Friday that his government will have no change in fiscal and economic regulations.

Lopez Obrador said the party's senators would not promote changes in the legal framework for economic, financial and financial problems in the first half of the six-year term after announcing an initiative to limit the collection of bank fees.

That New York Stock Exchange, Weaker forecasts from two vendors, and loss of tobacco companies led to a 3% decline in Apple behavior.

The performance of these two sectors was opposed to the early signs of a rebound in oil prices.

The Dow Jones industrial average fell 1.64 percent to 25,560.51, while the S & P 500 lost 1.48 percent to 2,740.11. The Nasdaq Composite Index fell 2.4 percent to 7,226.65 units.

A day in New York is shortened to a holiday of & # 39; Veteran Day. Bond markets and government offices are closed.

Information from Reuters and Notimex.


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