Mexico's IPC falls 0.37% to 63,142.78 points

The Índice de Precios y Cotizaciones (IPC) opened lower on Monday, falling 0.37% to 63,142.78 points at 8:37 a.m. Mexico City time, according to data from the Mexican stock exchange. The domestic benchmark failed to join broader global risk appetite and extended a zigzag trend in place since September 11.

The biggest drags on the IPC in early trading were Kimberly-Clark de México, falling 1.69% to 39.01 Mexican pesos; Peñoles, sliding 1.52% to 884.91 Mexican pesos; and Grupo Aeroportuario del Pacífico (GAP), decreasing 1.29% to 346 Mexican pesos. On the positive side, shares of Televisa jumped 5.50% to 8.44 Mexican pesos, Grupo México gained 1.52% to 213.93 Mexican pesos, and Grupo BMV rose 1.39% to 38.70 Mexican pesos.

In New York, stock indexes opened in positive territory. The S&P 500 rose 0.84% to 7,714.43 units, the Nasdaq Composite gained 1.55% to 26,934.40 points, and the Dow Jones Industrial Average added 0.44% to 51,910.86 units. Wall Street found support in artificial intelligence chipmakers: Intel gained 11.43% to $120.97, AMD jumped 9.26% to $611.99, and Qualcomm rose 5.72% to $187.75, following a Reuters report that Nebius would raise prices on certain processors developed by AMD and Intel.

Oil prices retreated on expectations of diplomatic talks between the United States and Iran. The October West Texas Intermediate (WTI) contract fell 3.90% to $96.38 per barrel, while the November Brent contract declined 3.03% to $100.72 per barrel on ICE. Satellite data also showed Saudi Arabian crude exports through the Strait of Hormuz averaged 2.9 million barrels per day over the past week, up from 700,000 barrels per day recorded in August.