Market Awaiting Inflation Data Amid Stock Fluctuations

The market is on edge awaiting U.S. inflation data set to be released tomorrow. Major stocks like Nvidia rise while Tesla saw a 3% decline. Markets worldwide show mixed performance as eyes turn to Trump's cabinet appointments.


Market Awaiting Inflation Data Amid Stock Fluctuations

The financial market remains on the lookout for the upcoming publication of consumer inflation data in the United States, scheduled for the next day. Nvidia led the gains among large-cap companies, while Tesla experienced a 3 percent decline after rising 44 percent in just five days. The dollar was heading toward its highest level since November 2022. On the other hand, the spot price of gold fell 0.7 percent to $2,599.43 per ounce.

Regarding local markets, both the Mexican Stock Exchange (BMV) saw a decline of 0.07 percent and closed at 51,413.15 units in the S&P/BMV IPC, and the FTSE-BIVA of the Institutional Stock Exchange (BIVA) with a drop of 0.33 percent to 1,051.41 units, showed negative movements. In Europe, France's CAC 40 fell 2.08 percent to 7,272.58 points, followed by Germany's DAX with a decrease of 1.50 percent to 19,163.75 units, followed by Spain's IBEX 35 which dropped 1.15 percent to 11,453.03 units, and London's FTSE 100 which hovered around 8,040.07 points, falling 1.06 percent.

On the other hand, oil prices halted their downward trend after registering gains of 1.07 percent for West Texas Intermediate (WTI) at $68.77 per barrel, and Brent with an increase of 1.0 percent to $72.55 per unit.

On Wall Street, declines were led by the Dow Jones with a loss of 0.11 percent and a value of 44,242.56 units, followed by the S&P 500 with a decrease of 0.08 percent to 5,995.51 units, and the Nasdaq with a drop of 0.04 percent, located near 19,289.02 points. Valmex analysts indicated that the downward variations are due to investors' expectations regarding potential appointments in the cabinet of the elected president of the United States, Donald Trump.

Bitcoin also experienced a drop after a rapid surge that brought the cryptocurrency close to $90,000.