International Business : Global Markets and Economic Update
- Share via
MEXICAN STOCKS
* Mexican stocks rebounded 2.08% after two days of decline. Investors were optimistic about gross domestic product figures for the third quarter.
* The increase in U.S. interest rates might force Mexico’s central bank to raise local rates to attract the foreign investment necessary to fund the nation’s economic development. “The Mexican market is hurt by two negative factors: higher interest rates and the fact that the political situation is still unclear,” said Jorge Placido, a trader at Vectormex Casa de Bolsa. Investors fear the split within the ruling party--between reformers and conservatives fearful of losing their perquisites and power--will hamper pro-business polices.
Sources: Bloomberg Business News; Dow Jones
SPOTLIGHT: PARAGUAY
Incorrect data was included in the spotlight on Paraguay in the Nov. 10 edition of The Times. The following is the correct data for the country:
Sources: Bank of America; World Information Services
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
