Mexico City. The Mexican peso appreciated this Friday, while the stock market reversed its initial losses, although it remained below the record recorded in the middle of the week, after an erratic session marked by the disclosure of lower than expected figures for United States inflation.

In wholesale operations, the exchange rate closed at 17.14 pesos per dollar, according to the price of the Bank of Mexico, which represents an advance of 6 cents (0.37 percent) for the Mexican currency compared to the previous day and 11 cents (0.66 percent), compared to last week.

In the morning it was announced that the Consumer Price Index in the United States slowed down last month, standing at 2.4 percent at an annual rate compared to 2.7 percent in December.

Economists polled by Reuters expected a rate of 2.5 percent.

Following the figures, traders slightly raised their bets that the Federal Reserve (Fed) would reduce interest rates in June.

For its part, the benchmark index of the Mexican Stock Exchange (BMV) rose 0.83 percent, ending with 71,478.81 points. During the day it lost 0.79 percent, in a market also with attention focused on the corporate results season for the fourth quarter.

The advance was led mainly by signatures from businessman Carlos Slim. The titles of the Grupo Carso conglomerate added 5.04 percent to 129.20 pesos, followed by those of Grupo Financiero Inbursa, which gained 4.55 percent to 46.67 pesos. The BMV ended the week with a yield of 0.94 percent.

The New York Stock Exchange closed with mixed results, after the slowdown in inflation in the United States did not generate lasting enthusiasm among investors, who maintain reservations about the securities of companies in the technology sector.

The Dow Jones rose 0.10 percent, the expanded S&P 500 index advanced 0.05 percent, but the technological Nasdaq fell 0.22 percent. For the week as a whole, Wall Street ended in the red.

Oil prices record slight gains in the session

Oil prices ended higher, boosted by data showing a general slowdown in inflation in the United States, which allowed them to recover from a previous decline following the news that OPEC+ is inclined to resume production increases.

The US WTI added 5 cents to $62.89 a barrel; Brent advanced 23 cents to $67.75, while the Mexican export mix added 16 cents, closing at $58.99 a barrel; During the week, Mexican crude oil fell 46 cents (0.77 percent).