Financial markets report less pressure

Recently, financial markets have seen some relief, with oil prices stabilizing and the dollar weakening further.

The attacks between the United States and Iran triggered a wave of sell-offs in the stock markets, which in turn caused oil prices to rise again; the price of a barrel of Brent crude, which had previously surged by more than 5%, is now trading at US$77.71. Meanwhile, WTI is down 0.97% to US$72.94.

The greater stabilization of oil prices, in turn, helps ease inflationary, monetary, and economic concerns.

The climate of lower risk aversion, coupled with the stabilization of oil prices, paves the way for a modest decline in the dollar’s value. The DXY index is down 0.03%, to 100.725 points.

Consequently, the Mexican peso opened 0.16% stronger against the dollar, trading at around 17.5486 pesos per dollar. With more moderate inflation in Mexico and ahead of the release of the Bank of Mexico’s meeting minutes, the Mexican peso is attempting to hold onto its gains.

Meanwhile, Wall Street opened mixed, with the tech sector rebounding and the Nasdaq advancing 0.49%, while the S&P 500 rose 0.29%. The Mexican Stock Exchange opened down 0.03%, at 66,592 points.