Mexico Isn’t a ‘Boring Story,’ Exchange Officials Insist

Wall Street Journal, 11/19/2012

Mexican stock-exchange officials have exciting news they want to share: The booming local market is primed to continue booming, no matter how frothy its rally may seem.

At present, the Mexican stock market has several things going for it, observers say, including steady domestic growth, abundant global liquidity and low returns on fixed-income investments to entice traders to take on risk.

Mexico’s macroeconomic house is in order, with gross domestic product expected to expand nearly 4% this year, inflation mostly under control, healthy banks, and relatively cheap real estate. Manufacturing is also strong and, an exchange official says, the competitiveness gap with China is closing.

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