Mexico Markets: IPC & the Peso -- July 4, 2026

Mexico Markets on July 4, 2026 showed the IPC and the peso pausing rather than committing to a clear direction. The Mexbol closed Friday at 67,060, up only 0.02%, leaving it 6.3% below its 52-week high of 71,601 and mid-range within a 60,216–71,601 band. Turnover was highly concentrated, with Cemex (CX) trading $1,424 million versus $170 million for the next most active name, FR, a pattern the report links to positioning and index rebalancing. Among domestics, VOO led gainers at +2.3% while Asur (ASURB) fell 2.2%, with EBITDA margin dropping to 64.1% from 70.0% year-on-year and net income falling 19.6% to Ps.2,926.4 million. The session also reflected macro uncertainty as the Trump administration chose not to renew USMCA, shifting to annual reviews with a July 1 renewal deadline. Banxico kept its benchmark rate at 6.50%, with expectations for further Fed tightening narrowing carry; USD/MXN was around 17.45 as July 20 trade talks were set.