Markets, on alert to the commercial war

The tariff war that the president of the United States has unleashed, Donald Trump, which could cause the collapse of the world’s main economy and a domino effect, has put worldwide investors alert during almost the entire first quarter of 2025.

Dragged by technological companies, the Nasdaq index collapsed 10.41 percent in the first quarter, its largest decline compared to the rest of the bags in 23 years; Meanwhile, the S&P 500 fell 4.58 percent. Both indices had their worst quarter since 2022 and Dow Jones backed 1.27 percent.

Wall Street started the last March session on negative field, but managed to save himself from a bad day for the rest of the world bags, while Trump ensures that the imposition of tariffs to the world will be difficult at the beginning, but then the US economy will resurface.

Mexican assets resist

With five consecutive downward sessions, the Mexican peso concluded the first quarter at 20,4604 pesos per dollar spot. Despite volatility and risk aversion, the national currency won 2 percent against the dollar in the first quarter of the year, a period in which it reached a maximum of 21.29 per dollar and a minimum of 19.84 in the wholesale market.

The strength of weight is attributed to factors such as international reserves and a decrease in tensions with the United States; The weakness of the dollar in recent weeks has also influenced, explained the Banamex investment analysis area.

For its part, the price and quotes index (CPI) of the Mexican Stock Exchange (BMV) obtained a nominal gain of 6 percent in the first quarter, the largest from the fourth quarter of 2023, despite the fluctuations of Wall Street.

According to analysts, the resistance of Mexican markets is due to the fact that Trump will not fulfill its tariff threats against Mexico.

Meanwhile, pessimism led investors to seek safe assets and the price of gold reached a historical maximum of 3 thousand 100 dollars per Troy ounce.

The metal concluded March at 3,157.45 dollars an ounce, a yield of 19 percent in the first quarter of 2025. In parallel, the US 10 -year bonus was 4,205 percent.