BMV gains ground and surpasses the month in 3 years; Nike leads Wall Street

CITY OF MEXICO .- The Mexican Stock Exchange has increased this Friday for the second consecutive day at the level of 47 thousand units, aiming to record in June its best monthly performance since February 2015.

The market remains stable despite the report that the President of the United States, Donald Trump, has expressed to his advisers the possibility of leaving the World Trade Organization (WTO )

At 9:50 am local time, the S & P / BMV IPC stock index rose 0.49 from 0.67% to 47,264 points, in line with the rest of the world, due to a lower aversion at risk. For the quarter, it shows an increase of about 2.5%.

The gains of the month are explained by a wave of opportunity buying against the low prices of many stocks, after a sharp decline in May in the middle of the month. the uncertainty generated by the future of NAFTA.

The local stock market exploits a volume of 22.8 million shares, for an economic amount of 170.9 million pesos, with the participation of 59 stations, of which 37 increase, 18 decrease and 4 remain unchanged .

Alpha conglomerate leads with 2.6%, followed by Inbursa 1.9%, Grupo Carso by 1.82%, Grupo Televisa by 1.98%, Peñoles by 1.65%, Banorte 1 , 42%, Elektra 1.22% and Grupo Lala 1.2%

On the other hand, Nemak's newspapers are down 1.12%, América Móvil 0.92%, GAP 0.67% and Becle of 0.66%

. The New York Stock Exchange followed the same line as its Mexican counterpart, thanks to Nike's nearly 10% rebound after posting solid quarterly results.

Similarly, profits in the banking sector have favored the market after news that the major banks have passed the second test of resistance from the Federal Reserve, which would lead to higher dividends.

The Dow Jones rose 1.09 percent to 24,468.88 units; the S & P 500 index advanced 0.91% to 2 thousand 741.77 units; and the Nasdaq Composite gained 0.87%, to 7,569.20 units

Nike's share rose 12.7%, to its highest level, after the world's largest maker of clothing from Sport has again grown in North America and has offered a positive forecast for the year.

Meanwhile, the S & P financial sector, which ended the day before a series of 13 days of losses, rose 1.15% after US entities passed the second half of annual resistance tests of the Federal Reserve

Wells Fargo leads gains, up 4.5%, while Citigroup was up 1.8%, Bank of America up 1.1% and JPMorgan up 1%.

Goldman Sachs and Morgan Stanley operate flat because they passed the tests with conditions.

The financial division was also reinforced by data from the Department of Commerce which indicated that the index of prices of personal consumption expenditure (PCE, for its acronym) reached in May the same year. 2 percent goal of the Federal Reserve for the first time in six years.

After a slight hesitation on a report stating that President Donald Trump has said he wants to withdraw the United States from the World Trade Organization, the markets have regained their pace after the Treasury Secretary, Steven Mnuchin, Fox Business Network confirmed that the information from the Axios information site was false.

With information from Reuters and Notimex.