Stock markets in US and Mexico ‘retreat’ in first session of the week – El Financio

Shares in the U.S. and Mexico fell in the first session of the week, the first time they have reached record levels in the past week, as some large companies will provide financial statements for the first quarter of 2021.

Dow Jones Industrial Average It lost 0.36 percent at 34 thousand 77 points; S&P500 Index Fell 0.53 percent to 4,153 units Nasdaq It is down 0.98 percent to 13,914 points.

After two people died in a company vehicle last weekend, the Tesla titles stood alone in the waterfalls. Company titles lost 3.89 percent.

“The S&P 500 and government securities reduce concerns about a third wave of infection. This week, starting in the first quarter of 2021, in the US and Mexico, markets will be on the lookout for the corporate reporting season,” Bonorde analysts said.

They added, “If there is a new increase in cases in some regions, the progress of the vaccination process will be pending; Mutations of the virus, also believed to be contagious; Recent unfavorable news about AstraZeneca and J&J vaccines may delay progress. “

“Stock markets show negative movements after knowing small data on the economic agenda, but they are also monitoring the performance of companies during the corporate reporting season in the first quarter of 2021,” Monex analysts commented.

“In addition to these data, investors are optimistic about the global vaccine rate and expect significant improvements in the coming weeks,” they added.

This week, investors will be focused on the corporate reporting season in the first quarter of the United States, which will begin in Mexico and pending improvement in the vaccination process due to an increase in cases in some regions; Mutations of the virus, also believed to be contagious; And the latest unfavorable vaccine news from AstraZeneca and Johnson & Johnson that could delay vaccine progress.

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Recovery from global epidemics remains highly random. In the United States, the Centers for Disease Control and Prevention said on Sunday that half of all U.S. adults have received at least one dose of the vaccine. A decision on how to restart Johnson & Johnson’s app is expected this weekend.

In Mexico, the country’s stock markets closed for a four-day session.

The Price and Quote Index (IPC) was down 1.33 per cent at 48,78 points, while the FTSE BIA was down 1.36 per cent at 984 units.

In terms of economic indicators, the National Institute of Statistics and Geography (Inegi) has released the Timely Index of Economic Activity (IOAE), which expects a 2.14 per cent contraction in global economic activity (IGAE) in March. It should be noted that the IOAE’s economic activity for February contracted by 0.72 percent per month.

On the other hand, it released figures for the manufacturing sector’s monthly survey for February 2021, which showed a decline of 0.2 per cent year-on-year and a monthly contraction of 3.8 per cent.

During the session, he noted that Group Auroportavario del Centro Norde (OMA) had successfully completed 3.5 billion pesos in long-term securities in two installments.

One of the problems is green bonds. Through this transaction, OMA became the first airport operator to put green paper in the local market.

Harrison Matthews

 "Evil musicaholic. Web fanatic. Communicator. Twitter practitioner. Travel lover. Food advocate."

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