Mexico stocks slump as US data backs bets of Fed withdrawal
MEXICO CITY, July 5
MEXICO CITY, July 5 (Reuters) - Mexican stocks sank on Friday after a strong U.S. jobs report backed expectations that the Federal Reserve will trim its bond purchases later this year.
The IPC stock index shed 2.13 percent to 40,322 points.
Easy U.S. monetary policy in recent years stoked bets on riskier assets around the globe and the prospect of the withdrawal of that stimulus, as well as more attractive yields in the United States, is pushing investor to now dump emerging market assets.
- Exclusive: Radar data suggests missing Malaysia plane deliberately flown way off course - sources
- Investigators focus on foul play behind missing plane-sources |
- CEOs of biggest Russian firms could be hit by sanctions: paper |
- Search for Malaysian plane may extend to Indian Ocean - U.S |
- Kremlin website hit by 'powerful' cyber attack