Mexican markets jump on U.S. interest rate view

Mexican stocks, bonds and the peso currency surged on Wednesday as investors bet the Federal Reserve will cut interest rates in the United States, Mexico’s main trading partner.

The benchmark IPC stock index (.MXX: Quote, Profile, Research) posted its second biggest gain of the year, jumping 4.10 percent to 29,276.39 points. The peso (MEX01: Quote, Profile, Research) firmed 0.44 percent to 10.925 per dollar at the central bank close.”*

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