The Ibex 35 index in Spain closed the week with a modest increase of 0.3%, showing little volatility amid ongoing commercial developments and a scarcity of macroeconomic data. The index remained around 13,400 points following the Federal Reserve's recent actions, failing to reclaim the 13,500 level. European futures rose by 0.2%, while U.S. futures were up 0.15%. In Mexico, the Bolsa Mexicana de Valores (BMV) experienced a decline of 1.88% on Thursday, closing at 56,866.76 points, despite global market advances. However, the BMV ended the week with a 1.32% gain, despite a 0.55% drop on Friday to 56,551.18 points. The Mexican peso appreciated against the U.S. dollar, gaining 0.42% on May 8 and continuing to strengthen to around 19.45 pesos per dollar by May 10, its strongest level since October. This improvement is attributed to reduced trade tensions and positive signals regarding upcoming U.S.-China trade negotiations scheduled for the weekend. Meanwhile, Wall Street indices closed mixed on Friday amid ongoing concerns over the trade conflict initiated by former President Donald Trump. Notably, Grupo Bimbo was reported as a leading loser on the Mexican market during the Friday session.
💵 El peso mexicano gana terreno ante mejores expectativas sobre las negociaciones comerciales entre EE.UU. y China. https://t.co/KnbtW5myxY
La Bolsa Mexicana de Valores (BMV) registró este viernes una pérdida del 0,55% en su principal indicador, que bajó a 56.551,18 unidades, para cerrar la semana con un avance de 1,32%. 🇲🇽💰 https://t.co/fZEMQI1SXf
💰💸Peso cierra la semana en 19.45 unidades al mayoreo. Se trata de su nivel más fuerte desde octubre pasado https://t.co/S1ZSZbIDgY