Oil prices rise due to Iran-Israel war

In international markets, the Mexican peso closed the day at approximately 19.16 per dollar, down 1.06% or 20 cents compared to the previous Friday, after two consecutive weeks of gains, according to Bloomberg data.

Meanwhile, the dollar in retail transactions stood at 19.67 pesos at Banamex counters, representing an increase of 1.29% or 25 cents compared to the previous week's closing price.

The weekly depreciation of the peso is due to the increase in risk aversion due to the war between Iran and Israel and speculation that the United States could enter the conflict directly, commented Gabriela Siller, director of economic and financial analysis at the Base group.

Starting Thursday, tensions between the two sides eased somewhat. Iran and Israel , after Donald Trump said he would decide within two weeks whether will intervene or not in the war .

READ: Peso fails to take advantage of dollar depreciation at weekend exchange rate

Iran 's foreign minister also met with his counterparts from the United Kingdom, France, and Germany in Geneva, Switzerland , on Friday. After the meeting, Iran's foreign minister, Abbas Araghchi , said that his country is ready to consider diplomacy again , once the attacks have stopped and the aggressor (Israel) is held accountable for the crimes committed.

Although tensions eased towards the end of the week, the exchange rate continued to rise, partly because it was the expiration of stock options, stock index futures and stock index options, known as triple witching , a date that is They make adjustments to investment portfolios .

In the commodities market, WTI oil closed trading at $74.93 per barrel , increasing 2.67% compared to the previous Friday, this being the third consecutive week in which the price of oil has risen, accumulating a profit of 23.26% in that period .

The gains are due to increased risk aversion in the Middle East , with the war between Israel and Iran , as there are fears of a reduction in global supply.

IMPORTANT: The Mexican peso remains stable at the end of the day.

The capital market closed the week with mixed results among the major global stock market indices. The Dow Jones registered a slight weekly gain of 0.02% , while the Nasdaq Composite showed an advance of 0.21%, while the S&P 500 closed with a loss of 0.15%. .

In Mexico , the BMV Price and Quotation Index closed the week with a loss of 2.04% , linking two weeks of falls and being the biggest loss since the first week of April . Inside the country, the losses of the radio stations stood out: Industrias Peñoles , with a drop of 8.0%; Alpek Holdings, -6.4%; Qualitas, -5.9%; Pacific Airport Group, -4.9%; and Gentera, -4.6% .

MC