Mexican peso and stock market dip as China tariffs spark fears of global recession

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China has hit back hard against Donald Trump's tariffs, imposing punitive 34 per cent additional tariffs on all goods imported from the US.The dramatic escalation in trade hostilities between the world's two largest economies has magnified concerns among investors about the risks to global growth.Beijing's retaliation mirrors the US decision and has exacerbated a sell-off on global stock markets.Almost $5 trillion has been wiped off the value of…

The exchange rate of the dollar against the colón continued with its upward shift amid the uncertainty generated for the second consecutive day by the global tariffs of Donald Trump, president of the United States. On this Friday, April 4, the price of the dollar in the Foreign Currency Market (Monex) closed at ¢509.29, its highest value since last February 7, when it stood at ¢509.83. In addition, the exchange rate increased by ¢6.86 compared t…

Mexican peso and stock market dip as China tariffs spark fears of global recession

The Mexican peso wobbled and the nation’s stock market exchange plunged early Friday after China announced retaliatory tariffs against the United States, fanning fears of a global recession. Markets around the world plunged for a second day after Beijing escalated a trade war ignited by U.S. President Donald Trump’s sweeping “reciprocal tariffs” which were made public on Wednesday. As stock markets around the world tumbled, the Bolsa Mexicana de…

Trump has turned the financial markets upside down from the New York to Madrid park after unleashing crushing tariffs in every corner of the world this week. The stock exchanges have sunk on flashing red screens since the announcement of the measures and Wall Street has come to lose billions of dollars (yes, billions!) in its main indexes in just two days. Investors this Friday accentuated their escape from the stock market, in order to save the…

This Friday, the Mexican mining company Industrias Peñoles recorded the worst performance of the session in the Mexican Stock Exchange (BMV), with a collapse of more than 14% in its shares, in line with a decrease in the prices of gold, silver and copper. At the close of the operations, the shares of the company presented a loss of 14.75% to 343.74 Mexican pesos, according to data from Investing.com. Peñoles’s ‘tropiezo’ happened at a time of gr…

The Index of Prices and Quotations (IPC) of the Mexican Stock Exchange (BMV) has recorded a fall of 3.73 percent, as a result of the trade war that has begun between the United States and China. For this Friday, the Asian giant took reprisals against the government of Donald Trump by imposing tariffs of 34 percent on all the goods of that country as of April 10. To what Monex’s stock market analyst, Brian Rodriguez, told ‘Indigo Report’ that Chi…