STXNEWS LATAM-Mexican stocks up on positive U.S. earnings

Mexican stocks gained on Wednesday, as positive U.S.
corporate earnings reports led by aerospace company Boeing
animated markets after a sharp correction in the previous
session.

The IPC index (.MXX: ) gained 0.48 percent to 34,616.

“We see Tuesday’s correction as healthy and necessary for
the market to continue its upward tendency,” Mexican
consultancy MetAnalisis said in a report.

Shares in Banorte (GFNORTEO.MX: ) limited gains, slipping
0.92 percent after Mexico’s third largest bank said it may buy
the much smaller financial group IXE (IXEGFO.MX: ).
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STXNEWS LATAM-Mexican stocks up on positive U.S. earnings