1Année·

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Mexico's stock market fell today by 5,7% its worst day since the financial crisis in 2008.

In addition to Mexican equities, the peso also suffered. The peso/USD lost 4%, after the left-wing governing party (Morena) performed surprisingly strongly in the elections and could possibly gain an overwhelming majority in Congress. This has led the market to fear that there may be constitutional changes could occur.

Mexican government bonds remained largely unchanged, with the spread measured in forex by JPMorgan's ($JPM (+0,39 %) ) EMBIGD index by 8 basis points to 307 bps widened. The costs for the credit default swaps of 5Y Mexican government bonds rose by 3 basis points to 98 bps, per S&P Global ($SPGI (+0,56 %) ).

4 Commentaires

Hennington Research@HennRes

1Année

Credit default swaps on 5Y Mexican bonds have become more expensive.

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Utilisateur supprimé

1Année

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Marcel@Mcl1991

1Année

@Burner With more women in government, the world would certainly be a more peaceful place.

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Jo'@Jo_Wolf

1Année

@Burner She affirmed be willing to continue predecessor economic policies which his considered a treat by foreign investors. López Obrador cracked down on the Mexican energy sector by fierce governement intervention and has plans to intervene in the industrial sector by blocking any expansion of large factories in the Mexico area due to water reserve concerns.
Some tightening laws about private investment in Mexico are also in debate and massively approved by both current party in power and the Morena party.
There's also democratic and constitutional risk by some action undergoing by the current president who's party is expected to acquire the necessary number of votes ( 2/3 ) for changing constitution.

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