Mexican stock markets show significant advances on this Thursday morning. The local stock indices are rising strongly on their third day of gains, following the announcement that Mexico was exempt from tariffs announced by U.S. President Donald Trump.
The leading index of the Bolsa Mexicana de Valores (BMV), the S&P/BMV IPC, which measures the most traded local stocks, advances by 1.27% to 54,484.74 units. The FTSE BIVA of the Bolsa Institucional de Valores (Biva) gains 1.73% at the level of 1,107.76 units.
Within the benchmark index, most values operate with gains. Notable performances include Inbursa, up by 7.73% at 50.19 pesos, followed by Banorte, with a gain of 5.83% at 153.470 pesos, and real estate corporation Vesta, which gains 5.57% to 49.30 pesos.
U.S. President Donald Trump announced new tariffs on over 180 countries and territories yesterday. Mexican assets are rising after the country was excluded from this round of duties, alongside Canada, its trade agreement partner (TMEC).
