Mexico’s IPC declined 452 points or 1% to 43,874 on Friday, as rising COVID-19 cases in North America and prevailing fiscal uncertainty in the US dragged sentiment. On the domestic side, the Ministry of Finance improved its 2021 debt-to-GDP forecasts to 52.6% from 53.7%, as the economy and receipts continue to recover. Meanwhile, the latest central bank survey showed analysts improved their 2021 GDP growth expectations to 3.44% from 3.34%. Also, WTI crude oil prices climbed 1.1% to $48.9 per USD and hit a 9-month high on Friday, as stimulus and vaccine hopes lifted sentiment. During the week, the IPC gained 0.6%.
Historically, the IPC Mexico Stock Market reached an all time high of 51772.37 in July of 2017. IPC Mexico Stock Market - data, forecasts, historical chart - was last updated on December of 2020.
The IPC Mexico Stock Market is expected to trade at 43333.15 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 40487.41 in 12 months time.