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LatinNews Daily - 28 August 2018

In brief: Mexico

* The Mexican stock exchange (BMV), Mexico’s main stock market, rose by 1.58% yesterday following the announcements by presidents Enrique Peña Nieto and Donald Trump that their governments had reached a new deal over the terms of the North American Free Trade Agreement (Nafta). The announcement of the new deal (which does not currently include Canada), removed the considerable level of uncertainty over the future of Nafta and Mexico-US trade relations and appears to have encouraged investors. Notably, the Dow Jones Industrial Average Index in the US also rose by a comparable 1.01% following the news yesterday as shares in firms tracked by the Dow Jones increased in the US stock markets. Yet despite the positive market reaction, Mexican business lobby Consejo Coordinador Empresarial (CCE) called for Canada to be incorporated into the new Nafta agreement.    

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