Category Archives: Markets

Peso seesaws after Fed holds rates steady

Reuters – Mexico’s peso briefly strengthened on Wednesday after the U.S. Federal Reserve left interest rates unchanged but strongly signaled it could still tighten monetary policy by the end of this year as the labor market improves further. The peso strengthened 0.6 percent to 19.7 pesos per dollar on the announcement, but reversed gains soon after.

http://www.reuters.com/article/mexico-peso-idUSL2N1BX0K8

How a supercomputer will track stock market

Bloomberg – About an hour’s drive south of Mexico City’s business district lives Breogan, a $350,000 computer that Alberto Alonso built to shake up the nation’s stock market. Alonso created the machine and the software it runs that automatically buys and sells shares when it spots an alluring trade, aiming to disrupt a market where business is still often done with a phone rather than a computer.

http://www.bloomberg.com/news/articles/2016-06-09/meet-breogan-a-supercomputer-built-to-disrupt-mexico-s-market

Mexico grabs top spot for LatAm private equity

Financial Times – Mexico has for the first time overtaken Brazil as the most popular destination for private equity in Latin America. The development is a sign of how the country’s nascent reformist mindset is leaving some of its more hidebound neighbours in the shade, as well as illustrating Brazil’s fall from grace in the wake of the commodity price bust and an all-encompassing corruption scandal.

https://next.ft.com/content/407797f4-2bf8-11e6-a18d-a96ab29e3c95