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Mexico Banxico Interest Rate Decision meets forecasts (7.5%)

Dow Jones Industrial Average falls as downside momentum accelerates

The Dow Jones Industrial Average pivoted further into the bearish side on Thursday, shedding around 400 points top-to-bottom and slipping back below the 46,000 level as equity traders sharply rebalance their expectations for heavy AI investment schemes that have materialized in recent days.
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Banxico cuts rates 25 bps to 7.50% as expected, further easing eyed

The Bank of Mexico reduced its main reference rates by 25 basis points as expected, to 7.50% with not an unanimous decision, with a 4 to 1 vote split, with Deputy Governor Jonathan Heath, once against voting to hold rates unchanged. developing story, more to come ...
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