Mexican stocks slip marginally on Wednesday morning as local indices move little and uncertain, aligning with Wall Street counterparts amid anticipation of U.S. President Donald Trump’s tariff announcement.
The flagship index of the Mexican Stock Exchange (BMV), the S&P/BMV IPC, which includes the most traded local stocks, drops 0.10% to 53,283.20 points. The FTSE BIVA index, from the Institutional Securities and Derivatives Market (Biva), decreases by 0.12% to 1,078.37 units.
S&P/BMV IPC
Within the leading index, mixed performances are observed. Leading declines are seen in Arca Continental, down 2.79% to 214.08 pesos, followed by Kimberly-Clark with a 2.65% drop to 32.28 pesos. Notable advances include BanBajío, up 2.74% to 46.11 pesos.
President Trump is scheduled to announce his reciprocal tariffs today at an event he calls “Liberation Day”. His plan involves charging each country the same as what is charged to the U.S. The White House announced yesterday that the implementation of these new tariffs will be immediate.
“Everyone will be on edge waiting for Trump’s statement on tariffs. It’s likely he will start negotiating from now on with companies and governments to secure concessions, much like he did during his first term,” said consultancy Metanálisis in a note.
