Protests have struck Mexico City and Guadalajara in recent days after gas prices soared as much as 20 percent.[...]
The peso has fallen more than 5 percent against the dollar to start the year on renewed worries about disruptive changes to trade. [...]
With over a week to go until his inauguration, President-elect Donald Trump has already had a profound effect on Mexico’s economy and politics.[...]
Oil, Trump, leave Mexico in dire economic straits[...]
Readers give their views on a variety of issues.[...]
The Mexican peso weakened toan all-time low on Wednesday ahead of a news conference by U.S.President-elect Donald Trump, whose protectionist rhetoric hasweighed on demand for the currency. Traders expect Trump to clarify whether he will stand by hiscampaign pledges to break with trade agreements with Mexico. Last week, Ford Motor Co scrapped a planned Mexicancar factory following criticism by Trump on Twitter. His promises of fiscal stimulus have also raisedexpectations of inflationary pressures, which could force theU.S. Federal Reserve to increase interest rates faster thanexpected. The peso weakened as much as 0.7 percent onWednesday to a historic low of 21.95 to the dollar before paringback losses to 0.2 percent. Other Latin American currencies also slipped, with theBrazilian real 0.6 percent lower. Still, Brazil's benchmark Bovespa stock index inchedup as rising prices of iron ore lifted shares of miner Vale SA. Shares of Braskem SA, Latin America's largestpetrochemical company, were the biggest gainers in the index.Braskem agreed late on Tuesday to sell its quantiQ DistribuidoraLtda to GTM Holdings SA for 550 million reais. Steelmaker Usinas Siderúrgicas de Minas Gerais SA's shares fell the most in more than a month aftershareholder Sumitomo Corp vetoed a plan to use some ofa mining subsidiary's capital to jumpstart operations and repaydebt. Key Latin American stock indexes and currencies at 1415 GMT: Stock indexes daily % YTD % change change Latest MSCI Emerging Markets 886.73 0.12 2.72 MSCI LatAm 2368.92 -1.04 2.27 Brazil Bovespa 61905.77 -0.36 2.79 Chile IPSA 4177.82 0.08 0.64 Chile IGPA 20849.43 0.08 0.56 Venezuela IBC 32453.15 0.2 2.36 Currencies daily % YTD % change change Latest Brazil real 3.2151 -0.53 1.06 Mexico peso 21.8400 -0.18 -5.02 Chile peso 670.6 -0.10 0.01 Colombia peso 2971.11 -0.68 1.02 Peru sol 3.394 -0.15 0.59 Argentina peso (interbank) 15.8700 -0.08 0.03 Argentina peso (parallel) 16.8 0.48 0.12 (Reporting by Bruno Federowski; Editing by Lisa Von Ahn)[...]
Global investors are fleeing Mexico’s financial markets, sending the peso to record lows on mounting concerns that Donald Trump’s trade policy could end the country’s privileged status among developing countries.[...]
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Mexico's pesocrashed to historic lows on Tuesday, as concern grew over whatpolicies U.S. President-elect Donald Trump could enact againstLatin America's second-largest economy. Trump has threatened to rip up a key free trade agreementwith Mexico and has attacked U.S. companies that have investedthere. Last week, Mexico's central bank intervened in the marketto cushion the peso's decline. The peso extended losses on Tuesday to a new historic low astraders avoided exposure to the currency ahead of a newsconference by Trump on Wednesday, his first since defeatingDemocrat Hillary Clinton in a November vote. The peso closed down almost 2 percent at 21.801 per dollar,while the IPC stock index gained 0.73 percent. Jose Angel Gurria, secretary general for the Organizationfor Economic Co-operation and Development, said on Tuesday thathe thought further depreciation was "almost inevitable". Brazilian stocks rose 0.7 percent as hopes that China wouldfurther cut steel output lifted shares of miners and steelmakersfor a second day. The official Xinhua news agency reported on Sunday thatHebei province, which accounts for about a quarter of China'stotal steel output, plans to slash 31.86 million tonnes of steeland ironmaking capacity this year. Shares of iron ore miner Vale SA werethe biggest gainers on Brazil's benchmark Bovespa stock index. Brazil's currency was nearly flat as bets on higherU.S. rates offset expectations of inflows related to a $4billion bond issuance by state-controlled oil company PetróleoBrasileiro SA. Key Latin American stock indexes at 2125 GMT: Stock indexes daily % YTD % change change Latest MSCI Emerging Markets 885.70 0.83 2.72 MSCI LatAm 2393.84 0.48 2.27 Brazil Bovespa 62131.80 0.7 3.16 Mexico IPC 45886.27 0.73 0.53 Chile IPSA 4174.58 0.31 0.56 Chile IGPA 20832.11 0.28 0.47 Argentina MerVal 18783.32 1.47 11.03 Colombia IGBC 10258.29 -0.18 1.29 Venezuela IBC 32388.19 -0.21 2.15 (Reporting by Bruno Federowski, Paulina Osorio Perez andAlexandra Alper; Editing by Andrea Ricci)[...]


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