IPC Falls 1% to 64,653 as Energy Rises | Mexico Market Report, Oct 7
Key Facts
- The S&P/BMV IPC, Mexico’s main stock index, fell 1.01% to 64,653 on Wednesday 7 October, ending a run of three gains, the exchange reported.
- The peso closed at 17.98 per US dollar, a 0.05% weaker peso, and stayed below 18 (Banxico).
- Airport operators and BBVA led the losses: Grupo Aeroportuario del Pacífico fell 4.17%, Sureste 4.14%, BBVA 4.72% and Cemex 3.4%, while Orbia rose 5.22% (EFE).
- Mexico’s light-vehicle production fell 15.1% in September from a year earlier and exports 11.9%, INEGI reported.
- Prediction markets: Polymarket gives 95.0% to no Banxico rate change in November (US$36,863 traded, as of 8:45 pm ET, 7 October). Bets, not polls.
Today’s Focus
Mexican stocks fell on Wednesday 7 October. The S&P/BMV IPC, the main index of the Mexican Stock Exchange (BMV), lost 1.01% to 64,653 points.
The peso was almost flat. It closed at 17.98 per US dollar after trading between 17.93 and 18.02.
Analyst Gabriela Siller of Banco Base said markets fell worldwide as energy prices rose. Wall Street also closed lower.
What matters today. Mexico fell with global markets, and the next local data come on Thursday: September inflation and the minutes of the Bank of Mexico (Banxico).
01 The session in one read
The IPC closed at 64,653.33 points, down 1.01% from Tuesday’s close of 65,312. It broke a run of three straight gains. The index is up 0.68% in October and 0.54% so far this year, according to analyst Enrique Covarrubias of Actinver.
The peso held up better than stocks. The dollar closed at 17.98 pesos, a move of 0.05%, and stayed under 18. Last week the peso had touched 18.43, its weakest level since November 2025.
About 219 million shares changed hands, worth about 21 billion pesos (about US$1.2 billion at 17.98).
The fall followed Wall Street, where the Dow, the S&P 500 and the Nasdaq all closed lower, according to EFE. The peso barely moved, which suggests foreign investors were not leaving Mexican assets.
We cannot say from one session whether the pullback will last. The next test is the inflation data and the Banxico minutes on Thursday.
02 The day’s numbers
| Measure | Level | Change | Read |
|---|---|---|---|
| IPC | 64,653 | -1.01% | Three-day winning run ends |
| USD/MXN | 17.98 | +0.05% | Peso slightly weaker, below 18 |
| US dollar index | 102.25 | +0.41% | Dollar firm worldwide |
| S&P 500 | 7,802 | -0.22% | US stocks lower |
| Light-vehicle output, Sep | 301,803 | -15.1% | Annual fall (INEGI) |
We use the closing levels published by the Mexican exchange and Banxico. The RT series for the IPC was still provisional at publication (64,461) and differs from the official close.
Mexico’s statistics office INEGI reported that Auto Production fell 15.1% in September from a year earlier to 301,803 light vehicles, and Auto Exports fell 11.9% to 277,369 units. Over January–September, production was down 2.4% to 2.95 million vehicles. The United States took 76.4% of exports.
The Banxico data release for Foreign Exchange Reserves for September was also scheduled for the day; the central bank publishes the weekly balance with a delay. Rio Times · Live Market Intelligence
Live Market IntelligenceMexico — Live Market Board
Mexico — Live Market Board
Instrument Last Change YoY Prev. High Low Volume
IPC MEX
64,460.91
-1.30%
+12.17%
65,312.46
66,121
65,405
108,886,187
USD/MXN
17.06
-0.24%
-8.58%
17.10
17.08
17.01
—
WALMEX
48.07
-0.62%
-14.38%
48.37
48.65
48.02
10,781,446
GMEXICO
223.28
+0.35%
+73.59%
222.50
226.18
222.17
1,325,556
FEMSA
201.19
-0.24%
+25.67%
201.67
206.71
199.56
750,706
CEMEX
19.32
+0.89%
+19.10%
19.15
19.35
19.04
14,327,054
GFNORTE
193.98
+1.18%
+14.36%
191.71
195.79
191.83
1,579,115
BIMBO
60.98
-0.96%
+11.89%
61.57
61.46
60.29
1,048,115
TELEVISA
9.71
+0.21%
+12.78%
9.69
9.75
9.60
577,851
AMX
19.80
-0.95%
+12.53%
19.99
20.05
19.70
58,058,525
GAP
366.23
+0.43%
-21.21%
364.68
370.85
362.82
226,946
ASUR
275.04
+1.25%
-15.28%
271.64
275.08
271.31
15,451
OMA
233.50
+0.62%
-6.48%
232.06
235.00
230.62
555,693
KOF
188.04
+0.86%
+18.94%
186.44
188.56
185.52
425,273
GRUMA
252.90
+0.11%
-21.85%
252.61
254.74
250.36
90,048
KIMBER
39.74
+0.43%
+8.85%
39.57
40.09
39.33
490,551
AMX ADR
23.38
-0.23%
+22.25%
23.43
23.49
23.06
1,347,445
03 Why it moved: energy prices and a global sell-off
Markets fell worldwide on Wednesday as energy prices rose. Brent crude traded near US$101 a barrel during the day.
At the top of the index, airport operators fell sharply: Grupo Aeroportuario del Pacífico lost 4.17% and Grupo Aeroportuario del Sureste 4.14%. BBVA fell 4.72% and Cemex 3.4%.
A few shares rose against the tide. Orbia, a chemicals and building-products maker, gained 5.22%, and the car-parts maker Nemak 2.35%. Club América, the football club listed on the exchange, rose 7.8%.
04 The day’s movers
| Stock | Change | Note |
|---|---|---|
| Club América (Águilas CPO) | +7.8% | Football club’s shares |
| Orbia | +5.22% | Chemicals and building products |
| Nemak | +2.35% | Car parts |
| Cemex | -3.4% | Cement maker |
| Grupo Aeroportuario del Sureste | -4.14% | Airport operator |
| Grupo Aeroportuario del Pacífico | -4.17% | Airport operator |
| BBVA | -4.72% | Largest loser |
Percentage moves are from the EFE news agency’s close report based on exchange data.
05 The regional scoreboard
| Index | Country | Change |
|---|---|---|
| IPC | Mexico | -1.01% |
| Ibovespa | Brazil | -0.74% |
| IPSA | Chile | -1.47% |
| Merval | Argentina | -2.51% |
| COLCAP | Colombia | n/a |
| S&P 500 | United States | -0.22% |
Mexico’s fall was smaller than Chile’s and Argentina’s. The official COLCAP close was not available at publication.
06 The technical picture
The IPC gave back about 660 points but closed just below 65,000, the level it reclaimed on Tuesday for the first time since 29 September. Traders will watch whether it can hold above 64,000.
The peso’s range, between 17.93 and 18.02, was tight. A move above 18.00 would put it back near last week’s weaker levels.
What Prediction Markets Say
Polymarket’s market on the Bank of Mexico’s decision in November priced no change at 95.0%, a 25-basis-point rise at 3.9% and a 25-basis-point cut at 1.6%, with US$36,863 traded (read at 8:45 pm ET on 7 October).
Kalshi, a US exchange regulated by the CFTC (the US commodities regulator), lists a similar market with 32,247 contracts traded. These prices are bets on a central-bank decision, not forecasts.
Why we show this: prediction markets turn real-money bets into a live probability that moves within minutes of the news, which is why investors, campaigns and newsrooms in the United States now follow them closely. We show them next to polls and official results, never instead of them.
07 What to watch
- Inflation, Thursday 8 October: September consumer prices are due at 12:00 UTC (13:00 Lisbon). The forecast is 0.43% for the month and 3.47% for the year, against 3.26% in August.
- Banxico minutes: The minutes of the latest rate meeting are due on Thursday at 15:00 UTC (16:00 Lisbon).
- Producer prices: September producer prices are due on Thursday; the forecast is 0.2% for the month.
- Energy prices: Higher oil and US bond yields were behind Wednesday’s global sell-off.
Background: IPC Gains 0.4% to 65,247 as Peso Firms | Mexico Market Report, Oct 6.
Background: IPC Gains 0.7% to 64,975 as Peso Firms | Mexico Market Report, Oct 5.
Frequently Asked Questions
How did the Mexican stock market do on 7 October?
The S&P/BMV IPC fell 1.01% to 64,653 points, ending a run of three gains, as markets fell worldwide.
Where did the peso close?
The peso closed at 17.98 per US dollar on 7 October, according to Banxico, a move of 0.05%, and stayed below 18.
What is the Banxico minutes release?
Banxico publishes the minutes of its rate meetings about two weeks later. The latest minutes are due on Thursday 8 October.
What do prediction markets expect from Banxico?
Polymarket priced a 95.0% chance of no rate change at the November decision, as of 8:45 pm ET on 7 October. These are bets, not forecasts.
Market data: Bolsa Mexicana de Valores, Banxico, RT; vehicles: INEGI; stock moves: EFE; prediction markets: Polymarket, Kalshi (as of 8:45 pm ET, 7 October 2026)
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief
In depth
LatAm Markets: Live Signals → — real-time movers, turnover leaders and FX across Latin America.
Get The Rio Times delivered to your inbox — market intelligence, daily briefs, and breaking analysis across Latin America.
Start for US$1