Thursday, August 23, 2012

Mexico Shares Are on a Roll

By: Laurence Ilif and Georgia Wells


Enrique Peña Nieto's election as Mexico's next president boosted stocks.
Earlier this year, Mexican shares were driven higher largely by investors cheering the July election of incoming President Enrique Peña Nieto and the promise of market-friendly changes. Now the rally is showing more staying power as investors zero in on manufacturing-driven economic growth, the widening regional footprint of some Mexican companies and expectations of an expansion of consumer credit—even though Mexico's close ties to the U.S. economy remain a concern, many investors and analysts say.

No comments:

Post a Comment