BMV lifts for the first time in four days; Wall Street wins for Microsoft and Ford

CITY OF MEXICO. Mexican Stock Exchange (BMV) rose on Thursday for the first time in four days, with opportunity purchases after the previous session having bottomed out in more than four months.

At 10 am local time, the S & P / BMV CPI stock index rose 0.95% to reach 46,000 400.22 units.

The local stock market manages a volume of 3.2 million shares, for an economic amount of 94,065 million pesos; with the participation of 70 stations, including 37 winners, 24 losers and nine remained unchanged.

The day is set against a backdrop of risk aversion after the sharp declines this week, while investors remain alert to the announcement of a consultation on New Mexico City International Airport (NAIM).

The new Mexican government on Thursday launched a public consultation that will end on Sunday to decide whether the ongoing construction in Texcoco of the capital's new airport is complete or canceled.

The decision on the new terminal would give an important message from the president-elect, Andrés Manuel López Obrador, to the investors.

Wall Street, to the same extent, it is running higher after yesterday's collapse, which eliminated this year's benchmark gains, driven by strong earnings from Microsoft and Ford that helped boost investor confidence .

Data on weekly jobless claims in the United States also rose, although they remained at 50-year lows.

While durable goods orders rose 0.8% last September, this figure is higher than the 1.5% drop estimated by a Bloomberg survey.

The Dow Jones Industrial Average rose 1.13% to 24,853.83 units; while the S & P 500 gained 1.45%, to 2 thousand 694.57 units. The Nasdaq Composite rose by 2.42% to 7,280.22 units.

The market recorded its biggest drop since 2011 on Wednesday and swept the Asian and European markets, fearing a global economic recession.

Technology stocks dominated profits, with Microsoft's share at 5.8 percent, while Ford's share of the automotive sector was 7.9 percent.

For economic analysts, the recent decline of the New York Stock Exchange in the US housing market weakness, fears of the trade war between Washington and Beijing, as well as the slowdown in the global economy.

With information from Reuters, Notimex and Bloomberg.