Definitely Mexico today was helped by the Nasdaq. The central bank's easing yesterday also helped. |
Just before the incident we were talking of recession-like conditions in Mexico, but hoping for a recovery at end of the year. But now the thinking is that if global uncertainty stays with us then Mexico may face a recession all of next year. |
Stocks now become more attractive than bonds and companies will have easier and cheaper access to funds. Corporate valuations also become more attractive with the use of lower discount rates. |