The Mexican stock market, known as the BMV, reached a new all-time high on February 6, 2024. The S&P/BMV IPC index rose by 0.72% to reach 58,645.42 points [cd6130b7]. This surge in the stock market came as the Mexican peso strengthened against the US dollar. At the end of trading, the exchange rate was approximately 17.0426 pesos per dollar, representing a 0.40% profit compared to the Reuters reference price on Monday [cd6130b7].
The Mexican peso's performance against the dollar is of particular interest to investors, as it has a significant impact on the country's economy. The exchange rate at Mexican banks on February 6, 2024, was approximately 16.19 pesos for buying and 17.33 pesos for selling [cd6130b7].
Investors are closely monitoring local inflation data for January, which is set to be released on Thursday. This data will provide further insights into the state of the Mexican economy and may influence the monetary policy decisions of Banco de Mexico, the country's central bank [cd6130b7].
The BMV's performance is also being influenced by the ongoing corporate reporting season for the fourth quarter. The stock market's strong performance reflects positive investor sentiment and confidence in the Mexican economy [cd6130b7].
In addition to the stock market news, the article mentions the construction of a hybrid project that combines solar and battery technologies. This project highlights Mexico's commitment to renewable energy and sustainable development [cd6130b7].