BMV reaches its highest level in six months; Wall Street operates in mixed mode

CITY OF MEXICO .- The Mexican Stock Exchange (BM V) maintains its operations at its best level since the beginning of February, thanks to better-than-expected corporate reports in the second quarter, in addition to increasing optimism about the conclusion of a NAFTA modernization agreement with the United States and Canada at its next meeting.

At 12:50 local time, the S & P / BMV CPI index rose 0.37% to 49,643.17 units, after hitting the highest one-day day of 49,734.78 units. ] The gains of Grupo México Transportes shares are 3.6%, those of Volaris 3.3% and those of Nemak and OMA 3% in both cases.

On the contrary, Peñoles newspapers lost 2.4%, Banorte 1.7% and Gruma 1.3%.

In the relevant market news, the Institutional Securities Exchange (BIVA) of Mexico, the second largest stock market that will compete with the Mexican Stock Exchange, began on Wednesday its operations almost a year after receiving authorization from the Ministry of Finance.

The New York Stock Exchange, c with the exception of the Dow Jones, operates with gains in reaction to negative data on the sale of new homes, while gains in technology stocks offset weak Boeing, General Motors and AT & T profits.

Similarly, the New York market remains attentive to the meeting in Washington between the President of the European Commission (EC), Jean -Claude Juncker and the President from the United States, Donald Trump, to discuss tariff issues on vehicle imports.

The Dow Jones industrial index fell 0.01%, to 25 thousand 238.88 units, while the S & P 500 rose 0.4%, to 2 thousand 831.43 units. The Nasdaq Composite, meanwhile, gained 0.7% to 7 thousand 895.30 units.

Boeing's disappointing results affected industrial companies listed on the Dow Jones, while the largest US exporter to China maintained its forecast of structural gains for the year, but below expectations on Wall Street. For its part, the shares of General Motors lost 6% after the automaker reduced its earnings forecast for 2018 Wednesday due to rising costs of steel and aluminum after tariffs imposed by the government of US President Donald Trump.

AT & T is down 4.4% and is putting pressure on the S & P 500 index after the quarterly business figure of the company has exceeded estimates.

In the Nasdaq index, large technology companies spurred the market.

Facebook shares hit a record high earlier in the session, while Microsoft shares rose 1% to 2%, while those in Google's parent, Alphabet, advanced 0.93%.

market has reduced progress after the publication of this turnover
of new homes fell by 5.3 per cent, at an annual rate
seasonally adjusted to 631,000 units last month, the level
the lowest since October 2017.

Investors remain on the lookout for the first reading next Friday of Gross Domestic Product (GDP) in the second quarter of the year in the United States. United.

With the exception of Nasdaq, the other indicators of