The Mexican Stock Exchange (BMV) hit a new all-time high above 63,000 points, driven by a 0.89 percent gain. Wall Street showed mixed results after the Federal Reserve's rate cut, with the Nasdaq reaching a new record. The Mexican peso depreciated slightly amid expectations of pauses in future cuts.
On October 29, 2025, the US Federal Reserve cut its benchmark interest rate by 25 basis points, meeting market expectations. However, warnings from Chairman Jerome Powell about uncertainty in the next monetary decision halted gains in two major Wall Street indexes. The Dow Jones fell 0.16 percent to 47,632 points, the S&P 500 remained unchanged at 6,890.59 points, while the Nasdaq rose 0.55 percent to 23,958.47 points, marking its fourth consecutive all-time high.
In the tech sector, Nvidia shares climbed 3 percent to 207.04 dollars, making it the first company to exceed 5 trillion dollars in market capitalization, fueled by the AI boom. This followed a 5 percent gain the previous day and over 50 percent year-to-date appreciation. Mauricio Guzmán, head of Investment Strategy at SURA Investments, stated: “In this context, we maintain a short position in duration and a preference for equities over fixed income, considering that monetary easing cycles not preceding recessions have historically coincided with strong returns for risk assets and upward pressure on rates”.
In contrast, the Mexican Stock Exchange (BMV) shone with a 0.89 percent advance, pushing the Price and Quotations Index (IPC) to 63,352.85 points, surpassing the previous close of 62,915.57 from September 30. Notable gains included Orbia (+7.37 percent), Grupo México (+6.19 percent), Pinfra (+3.86 percent), GCC (+1.85 percent), and Vesta (+1.56 percent). The FTSE-BIVA rose 0.83 percent to 1,260.28 points.
The Mexican peso depreciated 0.21 percent to 18.47 pesos per dollar, per Banco de México data, due to Powell's hawkish comments reducing expectations for a December cut. Víctor Gómez Ayala, chief economist at Finamex, noted: “exchange rate volatility will depend more on real interest rate differentials and the global risk narrative than on an additional Fed cut”. In bank windows, the dollar sold at 18.93 pesos via Banamex. The dollar index (DXY) advanced 0.53 percent to 99.19 points.
In Europe, mixed results: FTSE 100 up 0.61 percent to 9,756.14 points, while DAX down 0.64 percent to 24,124.21 points. West Texas Intermediate oil gained 0.55 percent to 60.48 dollars, and Brent 0.75 percent to 64.88 dollars.