BTN News: The Mexican peso opened at 18.37 pesos per dollar. This means a loss of 0.2% or 4 cents compared to the last session, as per Bloomberg.
Volatility in the Exchange Rate with Upward Trend in Overnight Session
During the night, the exchange rate was volatile and moved up. Monex analysts say the peso might keep rising this week. The focus is on the U.S. labor market.
U.S. Dollar Index Drops While Euro and Pound Gain
The U.S. dollar index, which checks the dollar against six major currencies, is down by 0.15%. The euro is up by 0.37% against the dollar. The British pound is up by 0.21%.
Bitcoin Rises and Attracts Investors’ Interest
Bitcoin, the top cryptocurrency, went up by 2.3%. This has made investors more interested.
Global Stock Markets Show Positive Movements
As we start the second half of the year, global stock markets are rising. U.S. stock indices have hit record highs, showing strong performance this year.
Light Economic Calendar Focused on Q2 2024 Corporate Earnings Reports
This week’s economic calendar is light. The focus is on the upcoming Q2 2024 corporate earnings reports.
European Union Accuses Meta Platforms of Breaking Digital Competition Rules
The European Union has accused Meta Platforms of breaking new digital competition rules. They recently also started looking into Apple and Microsoft.
Wall Street Futures Predict a Positive Opening
On Wall Street, futures for major stock indices show a positive opening. The Nasdaq is set to rise by 0.27%. In Mexico, after a 5% drop in June, Banorte analysts expect the IPC Index to be between 51,600 and 53,300 points this week.
European Markets Show Positive Movements While Asian Markets Close Mixed
European stock markets are rising. The Euro Stoxx 50 is up by 1.2%. In Asia, markets closed mixed. The Nikkei and Hang Seng indices both went up by 0.12%.
Oil Prices Increase as Investors Assess Economic and Geopolitical Risks
U.S. crude oil (WTI), a key measure for Mexican oil, is up by 0.5%. Investors are looking at China’s economic outlook and risks in Europe and the Middle East.
