La Jornada: Technology compensates for geopolitical nervousness in financial markets

Although the scenario remains fragile – since any escalation of the conflict in the Middle East or a new rise in oil could resume upward pressure on the dollar – the technology sector compensated for the uncertainty in the stock markets.

The DXY index, which measures the behavior of the dollar against a basket of six international currencies, fell 0.03 percent, to 100,730 units.

Given this, the Mexican peso registered a marginal gain of 0.04 percent, to close at 17.5455 units per dollar spot.

In the midst of general inflation data in Mexico, which moderated to 3.37 percent annually in June, since the Governing Board of the Bank of Mexico anticipates maintaining the rate at its current level, 6.50 percent, until there is more compelling evidence of convergence of inflation, especially in the services component, towards the goal of 3 percent, the exchange rate operated this Thursday between a maximum of 17.5550 units and a minimum of 17.5300.

The Nasdaq rose 1.30 percent, to 26,206.89 points. Meanwhile, the S&P 500 advanced 0.81 percent to 7,543.55 points, both driven by technology companies and semiconductor manufacturers.

Artificial intelligence was once again the main corporate catalyst, with announcements from Micron, Meta and OpenAI about new investments, development of proprietary chips and enterprise AI solutions.

For its part, the Mexican Stock Exchange (BMV) fell 0.75 percent, to 66,107.28 integers, affected by the fall of Grupo Carso, 2.15 percent; Bajío, 2.24 percent; América Móvil, 2.50 percent, and Vesta, 2.08 percent.