Weekly Snapshot: Chile & Mexico Markets
Chile’s Market: A Red‑Hot Start
Chile’s stocks opened the week down, continuing that persistent downtrend that’s been creeping on for several weeks. The market’s feeling the heat.
Why the Sizzle?
- Producer Price Index (PPI) figures came in hotter than we’d expected, adding fuel to the flame just as the central bank nudged its inflation outlook up for the year—though it still believes the general trend is falling.
- Copper prices are slipping, and that could put extra pressure on the market. Even though the market sits near its all‑time highs, a correction might be lurking in the wings.
Mexico’s Market: A Green Start, Then a Volatile Quit
The Mexican exchange began green before wobbling back into the red amid some turbulence.
What’s Adding to the Ups and Downs?
- Mid‑month core inflation data beat expectations, stoking concerns.
- Commodity price swings added another layer of uncertainty.
Consumer prices jumped 4.78% year‑on‑year during the first two weeks of the month—so inflation is still a heavyweight in the room. Investors are keeping a close eye on Thursday’s central bank decision.
