MEXICO CITY, Feb 28 Mexico's stock market and
peso weakened on Tuesday ahead of a key speech by U.S. President
Donald Trump that could affect local markets.
Mexico's peso weakened almost 1 percent to close at
20.105 per dollar hours before the 9 p.m. EST (0200 GMT
Wednesday) speech by Trump, which could contain details on his
economic and trade policies that could hit Latin America's
Stocks in major markets also dipped and the Dow Jones
Industrial Average snapped a streak of records while
longer-dated Treasury yields fell as investors prepared for
Trump's address to a joint Congress session.
Mexico's IPC stock index <. MXX> fell more than 1 percent,
also under pressure from shares in broadcaster Grupo Televisa
, which reportedly could face new rules against it.
A Mexican ETF fell the most in a month on Tuesday
ahead of the speech.
Stock indexes Latest Daily YTD pct
MSCI Emerging Markets 936.37 -0.42 8.59
MSCI LatAm 2,600.09 -0.62 11.08
Brazil Bovespa 66,662.10 closed 10.68
Mexico IPC 46,856.79 -1.04 2.66
Chile IPSA 4,359.88 0.31 5.02
Chile IGPA 21,811.38 0.32 5.20
Argentina MerVal 19,117.45 -2.15 13.00
Colombia IGBC 9,888.92 -0.7 -2.36
Venezuela IBC 35,710.09 2.22 12.63
(Reporting by Miguel Angel Gutierrez; Additional reporting by
Saqib Ahmed; Editing by James Dalgleish)