Zoom Stock – Mexico’s benchmark stock index hits record high
MEXICO CITY, July 29 (Reuters) – Mexico’s benchmark stock index hit an all-time high on Thursday, buoyed by positive second-quarter earnings reports and signs that the U.S. Federal Reserve is far from considering an interest rate hike.
The S&P/BMV IPC index gained more than 1% to reach 51,856.68 points, with restaurant company Alsea and cement producer Cemex both driving gains. The index last hit a record high in July 2017 with 51,722.37 points.
(Reporting by Miguel Angel Gutierrez; Writing by Daina Beth Solomon)