Mexico's IPC stock index down 1 percent on Fed stimulus worries

MEXICO CITY, July 5 Fri Jul 5, 2013 10:12am EDT

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MEXICO CITY, July 5 (Reuters) - Mexico's benchmark IPC stock index fell 1.0 percent in morning trading on Friday, hurt by fears that the U.S. Federal Reserve will reduce monetary stimulus.

Better than expected U.S. employment data raised speculation that the Fed may scale back its bond-buying stimulus program if the jobs picture continues to improve.

The index slid to 40,787.57 points.

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