US consumer index boosts Mexican Markets
The IPC index .MXX, which lost over 0.8 percent in early dealings, was up 0.2 percent at 30,522 points two hours into trading. U.S. consumer confidence rose for a third straight month to its highest level since September 2008, according to the Conference Board.
But China’s central bank decision to ask some banks to boost reserve ratios by half a percentage point kept some investors nervous, traders said. The peso MXN=MEX01 slipped 0.34 percent to 12.8944 per U.S. dollar.
In debt trading, Mexico’s benchmark 10-year bond MX10YT=RR slipped 2.4 basis points to trade at 7.79 percent.