Business · Markets · 2 days ago
Mexican stocks rise as investors weigh possible interest rate cuts
Mexico’s stock market rose on Friday, and its main index, the S&P/BMV IPC, ended the week 2.35% higher.
The index gained 1.63% that day, while the FTSE BIVA also advanced.
Mining company Grupo México led the gains among the main index’s stocks, rising 5.26%.
Investors were weighing the possibility that Mexico’s central bank, Banxico, could cut interest rates further.
Minutes from the bank’s September meeting showed it had left rates unchanged.
Lower rates can affect the cost of borrowing and investment decisions, which helps explain why expectations about them matter to markets.
The day’s gains also tracked US markets as oil prices fell after Donald Trump said there would be no attacks on Iran before legislative elections.
Mexican stocks rose on Friday, with the S&P/BMV IPC gaining 1.63% to 66,048.57 points.
Grupo México led gains in the benchmark index, rising 5.26% to 242.48 pesos.
The FTSE BIVA advanced 1.57% to 1,336.91 points.
Investors were factoring in the possibility of further interest-rate cuts by Mexico’s central bank, while the market’s rise also tracked gains in New York.
The indexes ended the week higher.
- Who
- Mexican stock markets and listed companies, led by Grupo México.
- What
- The S&P/BMV IPC and FTSE BIVA rose on Friday.
- When
- Friday, October 9, 2026.
- Where
- Mexico.
- Why
- Investors were factoring in possible further interest-rate cuts by Banxico, and the market moved in line with New York peers as oil prices fell.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
Banxico kept interest rates unchanged; minutes later indicated the possibility of further cuts.
Donald Trump announced there would be no attacks on Iran before the elections, after which oil prices fell.
Mexican stock indexes rose and finished the week with gains.
- S&P/BMV IPC
- Up 1.63% to 66,048.57 points
- FTSE BIVA
- Up 1.57% to 1,336.91 points
- Grupo México
- Up 5.26% to 242.48 pesos
- Pinfra
- Up 3.92% to 284.78 pesos
- Peñoles
- Up 3.85% to 910.52 pesos
Sources
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