Mexican stocks fall sharply to 6-week low
MEXICO CITY Nov 8 (Reuters) - Mexcian stocks slumped to their lowest in six weeks on Thursday as global markets fell on mounting concerns about U.S. lawmakers' ability to avoid a "fiscal cliff" that threatens the U.S. economic recovery.
The IPC stock index fell 1 percent to 40,597 points, its lowest since the end of September.
The index broke below its 100-day moving average in the previous session and some traders are eyeing a further drop of about 3 percent to its 200-day average.
- Tweet this
- Share this
- Digg this
- UPDATE 3-U.S. fines Berkshire over stock deal, Buffett admits mistake
- UPDATE 2-UK launches hunt for man with British accent on beheading video
- U.S. strikes have slowed Iraq militants but not weakened them - Pentagon
- Islamic State opens new anti-U.S. front with beheading video
- McCain calls for dramatic increase in US airstrikes against Islamic State