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Mexico stocks jump as oil price drop lifts markets

Mon Jul 7, 2008 7:26pm IST
 
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MEXICO CITY, July 7 (Reuters) - Mexican stocks jumped sharply on Monday as a retreat in oil prices eased concerns that high fuel costs will further weaken the economy of the United States, Mexico's chief trading partner.

The benchmark IPC stock index .MXX rose 1.07 percent to 28,641 points. (Reporting by Michael O'Boyle; Editing by Jonathan Oatis)

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Commodities

Commodity Last Pct Chg Trade Date/Time
Oil 78.89 +3.89% 10/13 16:18 IST
Gold 859.1 +0.29% 10/13 16:28 IST