Slowdown in Brazil and China provides Mexico boost
Mexico's benchmark IPC index hit a fresh high on Monday as the recent slowdown in Brazil and China continue to drive investors into Mexico.
The IPC index of the leading 35 stocks broke past the 43,000 barrier for the first time to close at 43,134.51. The index is up over 17 per cent this year.
While stock markets elsewhere have been choppy amid concerns over growth, the eurozone debt crisis and the looming fiscal cliff, Mexican equities have been on a steady rise this year thanks to its GDP growth and conservative debt level.
Source: Financial Times