Mexico stocks post worst quarter in 17 years

January 1, 2019

Mexico’s main stock index closed out its worst quarter in over 17 years on Monday, dragged down by doubts about how the new leftist government will manage the economy as well as concerns over global growth and trade.

The S&P/BMV IPC stock index .MXX lost 15.89 percent in the fourth quarter, its steepest drop for a three-month period since the third quarter of 2001, when the Sept. 11 terrorist attacks hit the United States.

That quarter the market fell by nearly 19 percent.

Before taking office earlier this month, President Andres Manuel Lopez Obrador rattled . . .

This independent news site is supported by subscribers.



Trending News on PVDN

  • Twin Earthquakes Shake Jalisco Coast; Puerto Vallarta Remains UnperturbedTwin Earthquakes Shake Jalisco Coast; Puerto Vallarta Remains Unperturbed PUERTO VALLARTA (PVDN) - In the early morning of October 2, twin earthquakes rattled the Central Coast of Jalisco, eliciting a prompt response from local authorities. Puerto Vallarta remained untouched by the tremors, to the relief of its residents and many visitors, although some social media users in Puerto Vallarta reported mild shaking. The first…
  • Substantial Sum Stolen in ATM Heist in Puerto Vallarta's Zona RomanticaSubstantial Sum Stolen in ATM Heist in Puerto Vallarta’s Zona Romantica PUERTO VALLARTA (PVDN) – A substantial sum was stolen from an ATM in the famous Zona Romantica area of Puerto Vallarta in a heist that came to light earlier this Sunday. Local Municipal Police and Investigative Police personnel are unraveling this alarming incident's details. The theft was discovered on Sunday morning when elements of the…
  • Puerto Vallarta Sees Significant Increase In Crimes of Robbery, Rape, and AssaultPuerto Vallarta Sees Significant Increase In Crimes of Robbery, Rape, and Assault PUERTO VALLARTA (PVDN) – Recent crime statistics from the Criminal Traffic Light in Jalisco paint a concerning picture for the region, as seven major crime categories have surged within the last eight months in Puerto Vallarta. While homicides saw a 15 percent decrease – from 20 reported cases in 2022 to 17 this year between…
  • US House Halts $60M Aid to Mexico Over Fentanyl Trafficking ConcernsUS House Halts $60M Aid to Mexico Over Fentanyl Trafficking Concerns PUERTO VALLARTA - Yesterday, the United States House of Representatives approved an amendment to halt just over $60 million in aid projects destined for Mexico. This action is seen as a response to the perceived "lack of will" by President Andrés Manuel López Obrador’s government in combating fentanyl trafficking, a sentiment echoed by the Republican…
  • Decapitated Body Found in Puerto Vallarta Sparks InvestigationDecapitated Body Found in Puerto Vallarta Sparks Investigation PUERTO VALLARTA - In a shocking development, a decapitated body was discovered on Wednesday afternoon in the southern region of Puerto Vallarta. As of now, the identity of the individual and the cause of death remain undetermined. The local authorities were alerted to the gruesome discovery through a 911 report, prompting an immediate response from…
  • No Damage Reported in Jalisco Following Monday Morning EarthquakeNo Damage Reported in Jalisco Following Monday Morning Earthquake PUERTO VALLARTA (PVDN) - On Monday morning, the National Seismological Service recorded an earthquake near Puerto Vallarta, Jalisco, at 8:54 a.m. The epicenter was located 94 kilometers from Puerto Vallarta, with a depth of 15 kilometers. Despite the initial concerns, the Civil Protection authorities have reported no damages in the aftermath of the event. Following…
  • Tropical Storm Lidia Becomes the Twelfth Named Storm of the Pacific Hurrican SeasonTropical Storm Lidia Becomes the Twelfth Named Storm of the Pacific Hurrican Season PUERTO VALLARTA (PVDN) — The system that meteorologists have closely monitored for several days off the Pacific Coast of Mexico has officially developed into a tropical storm, dubbed Lidia. The National Weather Service (NWS) announced the storm's formation early this morning, issuing advisories based on improved satellite imagery and wind data. Formerly known as Invest…
  • Search Operation Concludes in Puerto Vallarta for Missing PersonsSearch Operation Concludes in Puerto Vallarta for Missing Persons PUERTO VALLARTA (PVDN) - A comprehensive search operation that spanned over three days in the coastal municipality of Puerto Vallarta came to an end, with authorities from three levels of government working in collaboration with the Person Search Commission of the State of Jalisco. The operation witnessed the unique partnership of official forces with civilians,…
  • Exhausted Sea Lion Rescued off Puerto Vallarta Coast after Remarkable 2,000 Kilometer SwimExhausted Sea Lion Rescued off Puerto Vallarta Coast after Remarkable 2,000 Kilometer Swim PUERTO VALLARTA - On Wednesday afternoon, the Marine Mammal Research Group (Grimma) rescued a malnourished and fatigued sea lion off the coast of Puerto Vallarta, Jalisco. The team secured authorization from the Federal Protection Attorney’s Office for the Environment before embarking on the rescue operation. This particular sea lion belongs to the species Arctocephalus townsendi,…
  • Mismaloya Residents Protest Against Forced Evictions of 80 Residents of Puerto VallartaMismaloya Residents Protest Against Forced Evictions of 80 Residents of Puerto Vallarta The coastal town of Mismaloya, in Puerto Vallarta, witnessed a peaceful demonstration on Wednesday, where residents sought justice from the President of Mexico, Andrés Manuel López Obrador, amidst a severe land dispute threatening their homes. Around 80 concerned residents assembled by the side of Federal Highway 200, earnestly awaiting updates from their representatives at the…