Mexico's Stocks Close Higher For 3rd Straight Day; IPC Up 0.3%

This week Mexico's stocks have closed higher for the 3rd straight day. The IPC has risen to 1.3% and America Movil's shares have also risen -- by 1.3%. Monex, a gold and silver bullion dealer in the US., cut its year-end estimate for the IPC to 36,500 from 42,000, summarizing today as a host of cautious gains after an unpredictable week.

Mexico Less Dependent on U.S. Market

Mexico is less dependent on the U.S. market says the Mexican government. This news was released yesterday as the Secretary of Economy, Bruno Ferrari, stated that the United States once accounted for 85 percent of Mexico's international trade flows but that proportion has fallen to 80 percent. This change comes after Mexico has been opening up new markets in other countries.

Click here to get the full perspective on this issue with in depth data for a variety of industries.

Volkswagen Initiates Production of Beetle in Mexico

In the central Mexican city of Puebla - the exclusive manufacturer of the vehicle - Volkswagen has begun production of its latest Beetle model at its giant plant.

In a speech at the launch ceremony for the new model, President Felipe Calderon said the German’s automaker’s $400 million investment in the rollout “will have a very positive multiplying effect.”

Harry Potter Has Richest Opening Weekend in Box Office History

6.2 Billion dollars is what Harry Potter and the Deathly Hallows: Part 2 brought in this opening weekend, the most in box office history.

Of course when talking about records, it’s always worth taking into consideration the effects of inflation and 3-D ticket hikes. Just check out this story I wrote in February 2010. It includes a list of the highest-grossing films when adjusted for inflation. Gone With the Wind earned an inflation adjusted $1.48 billion domestically compared to Avatar‘s $760 million.

Not everyone agrees with adjusting for inflation though. Read more about what the author's colleague has to say about adjusting inflation in order to match records to today's prices.

Intelligent Investing: Can Mexico Grow Like China?

Check out this video that debates whether Mexico will be able to expand like China and what reforms are necessary for that to happen. Very interesting video.

Feel free to leave your comments below!

Mexico Investment Summit 2012

Check out this great link on the Mexico Investment Summit, taking place in January of 2012. This conference is the only international conference focused on Mexico to bring together senior decision makers from the entire investment and development community.

Latin America to Feel Effects of Greek Crisis, Too

Mexico’s economy is more open than Brazil’s, so its foreign exchange market is more susceptible to rapid changes in the global risk environment, says this article in Forbes magazine.

Read more here about how the Greek crisis will affect the Latin American and Mexican economy.

10 Things Investors Should Know About Latin America

Click here for an expansive list of what investors need to know in order to successfully invest in Latin America.