Comments

Market Summary

  Last Change % Change
Dow 7,552.29-444.99-5.56%
Nasdaq 1,316.12-70.30-5.07%
S&P 500 752.44-54.14-6.71%

Bonds

  Yield Change % Change
5 Year 1.94%-0.15-7.36%
10 Year 3.14%-0.25-7.28%
30 Year 3.70%-0.27-6.87%

Commodities

  Last Change % Change
Oil 49.34-0.08-0.16%
Gold 748.60+0.00+0.00%
Nat. Gas 6.26-0.06-0.90%

Currencies

  Last
USD−EUR 0.7986
USD−JPY 94.7800
USD−GBP 0.6736

In order to deal with inflation, Mexico has frozen food prices. The new pact which will remain in effect until the end of the year freezes prices of more then 150 food items, including flour, tortillas, and many other staples. Large Mexican companies, who currently have profit margins as high as 30 percent, will eat most of the costs; however, the move will also hurt several small manufactures. Overall the move could add some stability to Mexico's economy an alleviate civil discontent.

Negative Impact Positive Impact +1 | Circulate

Del.icio.us Digg Reddit StumbleUpon NewsVine

155 days 4 hours ago by Tim

Submit comment

Please sign in or register to leave a comment.