Reported 4 months ago
Investors are anticipating a victory by ruling party candidate Claudia Sheinbaum in Mexico’s upcoming presidential election, but surprises in congressional races could impact volatility in Mexican assets. A potential two-thirds majority for the leftist party in Congress could raise concerns about increased state intervention in the economy, while a strong showing by the opposition backing Xochitl Galvez could boost Mexican assets. Key assets to watch include the peso, Pemex bonds, and equities like Alsea and Grupo Mexico, with potential reactions ranging from rallies to losses based on the election outcomes.
Source: YAHOO