Mexico's stocks and currency did not lose as much as other markets in the region on news that the Argentine government's plan may be in trouble.
More Quotes from Todd Edwards:
Mexican stocks finished in line with the Dow and the spreads on Mexican debt were almost unchanged. Investors still see Mexico as a safe haven in the region.Todd Edwards
The outlook for the Mexican economy is now certainly worse than initially expected. The fact that they are easing is not a bullish sign for the market.
Todd Edwards
We think the stock market will now turn its attention to the unfolding cyclical turnaround in the Mexican economy.
Todd Edwards
A lot of dedicated Latin American investors put money in Mexico betting on its safe-haven status. As things looked like they were heading for a full-blown crisis in Argentina, many took some profits in Mexico to raise cash.
Todd Edwards
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