|Day's range||41,705.72 - 42,505.14|
|52-week range||41,284.04 - 51,121.23|
MEXICO CITY (AP) — Mexican stocks experienced a second day of losses Friday after the party of President-elect Andres Manuel Lopez Obrador floated a proposal to prohibit some commissions charged by private banks.
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With President Donald Trump preparing to slap tariffs on Chinese goods as soon as Friday, much of the talk in financial markets is how the outperformance of American equities relative to the rest of the world is a sign investors expect the U.S. to come out ahead in any trade war. After a spurt of strength starting in mid-April, the rally in the Bloomberg Dollar Spot Index has fizzled. The gauge of the greenback’s strength has dropped to its lowest level in three weeks and is little changed from where it was at the end of May. Some might say that the dollar was due for a pause after rallying as much as 6.51 percent since mid-April, but perhaps the reason is also that the currency still faces a stiff headwind in the form of twin budget and current-account deficits. An economic slowdown that a trade war might bring won’t help.
This year has been fraught with volatility in financial markets as investors fret over tighter monetary policy, rising inflation and tensions surrounding global trade. Key elections in Mexico , Turkey , Brazil , Colombia and the United States are scheduled to take place later this year, and they could have ripple effects across global financial markets amid a rising trend in populism. Populist candidates in Mexico and Brazil are leading the polls, increasing the possibility that those countries could take more extreme stances on matters such as trade and security.
Global stocks traversed another turbulent week marked by President Trump's surprise tariff announcement.
Global stocks endured volatility during a week dominated by the release of the minutes of the Fed's latest meeting.
Mexico's securities regulator has imposed one of its biggest fines ever for market manipulation on steel company Industrias CH, owned by billionaire Rufino Vigil Gonzalez, government data showed. Industrias CH was fined 2.96 million pesos ($159,764) at the end of November for making "prohibited trades" under a law banning simulating price or volume, or effectively trading with itself, according to publicly available data on the website of Mexican banking and securities regulator CNBV.