-- Source link: http://bit.ly/2fLMaC5 -- Note: Reuters has not verified this story and does not vouch for its accuracy.
- Barrons.com•15 days ago
The central bank of Mexico increased its policy interest rate late Thursday by 50 basis points to 5.25% and the Mexican peso was stronger by 0.5% against the U.S. dollar early Friday. The Mexican peso (MXN) has weakened by 15% this year, despite previous rate intervention from "Banxico." The currency and Mexico's economy face renewed weakness on fear that U.S. president-elect Donald Trump could rewrite the North American Free Trade Agreement. The iShares MSCI Mexico Capped exchange-traded fund (EWW) was down 0.5% in early trading Friday. Coca-Cola Femsa (KOF) was down nearly 1%, Grupo Financiero Santander Mexico (BSMX) was off by 0.3%, Wal-Mart de Mexico’s (WWMVY) was flat and Cemex (CX) slipped 0.6%.
- Barrons.com•23 days ago
Ultimately, we believe this could prove to be a buying opportunity in the Mexican peso and in the country’s sovereign and corporate debt issues." Michael Levy, co-head of the emerging and frontier equities team at Barings, adds: "Across the Mexican border, there is likely to be a great deal of apprehension as to what the coming months may bring. If we are moving toward tariffs, global trade will likely suffer and capital flows between countries may weaken—Mexico’s reliance on the U.S. could see it disproportionally affected. Almost a third of Mexico’s GDP relies on its northern neighbor and Trump’s promise of a 35% tariff targeted at U.S. companies that outsource abroad could be costly, particularly for the automotive industry.
KOFL.MX : Summary for COCA-COLA FEMSA, S.A.B. DE C.V. - Yahoo Finance
Coca-Cola FEMSA S.A.B de C.V. (KOFL.MX)
Mexico - Mexico Delayed Price. Currency in MXN
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|Bid||128.91 x 35700|
|Ask||128.92 x 1527200|
|Day's Range||128.23 - 129.93|
|52 Week Range||113.60 - 153.00|
|PE Ratio (TTM)||27.01|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|