Mexico City.- Despite uncertainty regarding the U.S. presidential election, the New York Stock Exchange reports the weekly close with the best profits since April, in which it is estimated that the Dow Jones now won 6.9%, the Nasdaq 9%, and the S&P 500 7.3%. It is noted that during several sessions the significant rise was presented, the main Wall Street index that is the Dow Jones Industrial Average is reported on this day that it lost 0.24% to 28,323.40 points. Meanwhile, the technological Nasdaq earned 0.04% to 11,895.23 points.
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This day the peso closed with a gain of 0.67 percent against the dollar, which in follow-up to this behavior, had five days of profit and it is mentioned that it achieved the best level corresponding to the last eight months.
While the Mexican Stock Exchange closed the week with 2.46 percent profit, in which electoral uncertainty in the United States was considered to a lesser extent. Although it is important to mention that New York markets calmed down when they learned that the Senate will be under the control of Republicans, if Joe Biden’s triumph in the U.S. presidency is confirmed.Investors were nervous that they fear an increase in taxes on wealthiest taxpayers with Biden, but because of the projecting scenario of Republicans in the Senate they are considered to be going to prevent extensive reforms. In addition to raising taxes on profits on the stock exchange or on large companies, as they were raised to voters by Democrats in their election campaigns. Markets at the moment paused, which was regarded as not rare, after electoral uncertainty. Meanwhile, Bank of Mexico data this November 6 reports that the interbank quote of the Mexican currency closed the session at 20.55 units per dollar. This is a good level, which had not been seen since March and that in the weekly cumulative there was a 3.23 percent advance against the US currency. The Price and Quote Index (CPI) in Mexico reported a gain that was similar to market behavior to other Western exchanges, which ended this week at a close of 4.17 percent and closed at 38,530.50 points. It is concluded that in the first week of November, the capital market was very important for investors who made a general and global profit, says Gabriela Siller, director of economic and financial analysis at Banco Base.Se concludes that the Dow Jones and S&P 500 had weekly hikes of 6.87 and 7.32 percent, respectively, which allowed her to rank at levels of 28,323.40 and three thousand 509.44 points. Meanwhile, the NASDAQ index closed with a weekly gain of 9.01 percent, placing 11,895.23 units. This week of positive results becomes the third with the most advances of 2020, after the weeks of March 27 and April 10 in the United States.The stock market in Asia and Europe presented similar results as the markets of America.
