The Mexican Stock Exchange closed with a downward trend on Tuesday, despite a clear rally in New York markets. Wall Street's movement was fueled by expectations of a resumption in diplomatic talks between the United States and Iran, according to expansion.mx.
José Torres of Interactive Brokers noted that optimism is growing at the prospect of Washington and Tehran resuming dialogue soon. This scenario has reignited enthusiasm across financial markets.
Some investors are looking to increase their risk exposure in response to these developments. Tom Cahill of Ventura Wealth Management told AFP that there is a need to return to the market, though he warned that uncertainties remain regarding whether a genuine agreement between the two nations can be reached.
Drop in Oil Prices
The energy market also saw significant retreats due to the possibility of a de-escalation in the geopolitical conflict. West Texas Intermediate (WTI) crude fell 7.87% to $91.28 per barrel, while Brent dropped 4.60% to close at $94.79, according to a report from expansion.mx.
Robert Yawger of Mizuho USA told AFP that positive developments are being observed on the geopolitical front. The analyst added that while the market perceives a move toward a new equilibrium, he cautioned that the fact that WTI remains above $90 demonstrates that risks still persist.
On the macroeconomic front, the International Monetary Fund (IMF) has adjusted its global growth projections. The organization cut its 2026 estimate to 3.1%, down from the previously forecasted 3.3%. However, the IMF raised its growth expectation for Mexico to 1.6%.
This adjustment of figures reinforces an environment of global economic fragility. Meanwhile, Monex anticipates that the Mexican peso could fluctuate between 17.18 and 17.32 per dollar in overnight trading. The currency's volatility will depend on economic data and headlines emerging from the conflict in the Middle East.
