Thursday , May 13 2021

Morena supports initiative to remove banking services "sets foot" to BMV



CITY MEXICO .- The Mexican Stock Exchange (BMV) prolongs losses when the session on Monday continues in line with banking operations.

Mexican banks are once again the main characters in the session when they run sales watch on the Mexican market. The sector decreased by 5.4 percent.

At 10:37 local time, S & P / BMV IPC 2.03 percent drops to 43,000 406 points after it was announced on Sunday that the Senate Morena bench would regain initiative from coordinator Ricardo Monreal.

Banorte shares decreased by 6.77 percent at 99.37 pesos after closing their worst week since November 2016.

At the same time, Santander shares fell by 4.58 percent to 25.20 pesos, followed by Banco del Bajío, falling 3.18 percent to 40.04 pesos and Gentera to 3.47 percent to 16.25 pesos.

On the other hand, Grupo Financiero Inbursa's shares increased 1.52 percent to 27.33 pesos.

The apparent lack of coordination between Morena and the block has caused Senator Monreal's controversial initiative to create investor uncertainty after the elected President Andrés Manuel López Obrador left Friday to calm the market by pointing out that in the first three years of his government, there would be no changes in tax and financial regulation.

López Obrador stated that he will not promote changes in the legal framework in economic, financial and fiscal matters in the first half of his six-year period after senators from his party presented an initiative in the evening to limit the collection of bank charges.

the New York Stock Exchange, in so much cases it seems that in the autumn, a fall of 3 percent of Apple's actions seems to have fallen behind weak forecasts for two of its suppliers and losses for tobacco companies.

The result of these two sectors counteracted an advance previously made by a decline in oil prices.

The Dow Jones average fell 1.64 percent to 25.560.51 units, while the S & P 500 decreased 1.48 percent to 2 thousand 740.11 units. Nasdaq, meanwhile, lost 2.4 percent to 7,226.65 units.

The day in New York will be reduced with the holiday of Veterans Day. The bond market and state offices remain closed.

With information from Reuters and Notimex.


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