Wall Street markets closed higher on Thursday April 16, boosted by optimism over an Israel-Lebanon agreement ending the Middle East war, while Mexico's Bolsa Mexicana de Valores (BMV) fell 0.78%. The BMV's main IPC index settled at 69,095.02 points. The Mexican peso appreciated 0.05% against the dollar.
Wall Street posted gains on Thursday, with the Dow Jones rising 0.24% to 48,578.72 points, the S&P 500 advancing 0.26% to 7,041.28 points in a new all-time high, and the Nasdaq adding 0.36% to 24,102.70, also hitting a record for the second straight day. Monex analysts stated: “While a significant recovery is observed, the risk map still considers greater scrutiny on AI, concerns over private credit, and a more restrictive Fed view. Taking into account improved expectations for this year, we raise our S&P 500 projection to 7,500 from the previous 7,200 points.”
In contrast, Mexico's BMV closed lower for the fourth time in five sessions, with the IPC dropping 0.78% to 69,095.02 points. Notable declines included Grupo Carso (-7.66%), Gentera (-3.11%), Megacable (-2.7%), Volaris (-2.4%), and Kimberly-Clark (-1.97%). The FTSE-BIVA fell 0.80% to 1,382.81 points, though the IPC is up 7.44% year-to-date, according to Enrique Covarrubias of Actinver.
The Mexican peso traded at 17.25 per dollar, appreciating 0.05% and marking a ninth straight session of gains, per Banco de México data. Monex's Janneth Quiroz noted that the USD/MXN exchange rate is converging with the dollar's trajectory, driven by investor caution amid marginal progress in Middle East peace talks. In bank windows, the dollar stood at 17.72 pesos per Banamex.
Other markets advanced: WTI oil at $94.69 (+3.72%), Brent at $98.36 (+3.61%); Japan's Nikkei +2.38% to 59,518.34 and Hong Kong's Hang Seng +1.72% to 26,394.26.
