| Mexico Rallied on S&P Upgrade, Better-Than-Expected Jobless Data Shuli Ren - Barrons | |
| go to original December 20, 2013 |
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Mexico‘s IPC Index rose 0.7% in the morning. The iShares MSCI Mexico Capped ETF (EWW) rose 1.3%.
Two good pieces of macro news flow helped Mexico today. First, the S&P upgraded Mexico from BBB to BBB+, with stable outlook.
Second, November unemployment rate came out better-than-expected at 4.6%, its lowest level since October 2008. Labor force participation rate also rose.
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