Mexico Stocks Extend Rally Near Record Highs

Mexico’s S&P/BMV IPC rose 0.35% to 71,390.10 on February 26, marking a third consecutive gain and extending a 10.8% year-to-date advance. The peso held near MXN 17.16–17.18 after a Feb. 20 SCOTUS ruling that reduced effective U.S. tariff risk and shielded 85% of exports under T‑MEC, while Banxico official Galia Borja signaled room for further rate cuts ahead of the March 26 decision.