MEXICO CITY | Mexican stocks headed for 2nd day of losses

MEXICO CITY | Mexican stocks headed for 2nd day of losses

MEXICO CITY — Mexican stocks experienced a second day of losses Friday after the party of President-elect Andres Manuel Lopez Obrador floated a proposal to prohibit some commissions charged by private banks.

Mexico’s benchmark IPC index finished the day down slightly at .03 percent Friday, after dropping 5.8 percent in the previous session.
The Mexican peso has dropped about 2.3 percent against the U.S. dollar since Wednesday’s close.

Mexico’s Banco Base attributed the setbacks in financial markets to the Senate proposal, which would prohibit charging minimum-balance, electronic transfer and other fees.

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