Mexican stocks rise, overcome weak U.S. data

According to marketwatch.com, Mexican stocks edged higher on Wednesday, overcoming earlier losses that followed a weaker-than-expected report about durable-goods orders in the U.S., Mexico’s largest trading partner. Despite this report, in the first quarter of this year alone Mexican economic activity expanded by 4.6%. Also, investors in Mexican assets will watch for Friday’s central-bank meeting, where policy makers are expected to leave the benchmark interest rate unchanged at 4.5%.