Market Voting

Market Voting

The markets closed with stability the first half of the year, prior to the elections. They tell us that we must not forget that in the stock market two important sayings are treated. One of them much used by casabolseros: "The markets are ahead of the facts". For the moment, it can be observed that the fixed exchange rate used for wholesale operations is 19.69 pesos per dollar, one hundredth less than the previous exchange rate; Meanwhile, the Mexican Stock Exchange (BMV), whose director is Jose Oriol Bosch, closed at 47,663 units, an advance of 1.34% and 631.93 points; the Cetes were placed at 7.70%, one point less than last week. The other saying is: "Markets do not vote, but they react". In other words, we are told, we must see what will happen today to see if the two maxims are respected, and by the way to know who was the preferred candidate of the investors.

Intellectual Property and Government Assess Insecurity

It is really concerned about the very high levels of insecurity and because, even though support has been sought, acts of violence, unlawful acts and the closure of businesses do not stop. This is not for less, they say, and there are already several companies that have closed down some of their facilities, like the bottling companies FEMSA and Pepsi, who have decided to stop their activities in Guerrero . Although the business sector does not give much details of the meetings held with government officials on the subject, they tell us that last week the President of the Council for the Coordination of Affairs (CCE), Juan Pablo Castañón had a meeting with the Secretary of the Interior, Alfonso Navarrete Prida. The CTE sent a statement in which he stressed the urgency of tackling the insecurity, but that 's only when Segob announced the holding of the meeting. The problem, they tell us, is that the private sector is very concerned because there is no improvement in crime rates.

The Armoras go against Trump

Last week, the auto industry in the United States sent his comments. Commerce Department on the inquiry ordered by President Donald Trump under section 232 of the law on commercial expansion to impose a tariff of up to 25% on imported cars . All the editing companies have protested against the application of the tariff because they consider that this will remove the competitiveness of the industry and cause a loss of jobs on the other side of the border , by increasing the production and price of vehicles that can generate a decline in sales in the US market. The 14 assembly companies with factories in the United States pointed out that they all import vehicles, particularly from Canada and Mexico. General Motors and Ford would be the most affected by these taxes: 30% of US sales of the first come from Mexico and Canada, while for the second, the proportion is 20%.

No assurance is certain [19659002] GNP, the insurer who runs Mario Vela adds to the concern of other financial institutions and businesses regarding phishing. This activity, which steals data via legitimate e-mails and in which users are asked to download a file or click on a link to share information, targets the area's customers. This is why, through its social networks, the insurer was instructed to warn its customers that they would not receive emails with active links for make payments or deposits, or any personal information such as username, password or PIN. Hackers do not stop and change their "turn", although they do not move away from banks permanently, as insurers also adhere to national security standards, they tell us.

*** In the photo: José Oriol Bosch, Director of the Mexican Stock Exchange (ARCHIVE, THE UNIVERSAL)