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ACTION WHA -00NCLASSIFIED17INFO LOG-00 AID-00 CEA-01 CIAE-00
CTME-00 INL-00 DODE-00DOEE-00 ITCE-00 DOTE-00 PDI-00
DS-00B-00XME-00E-00AAE-00 FBIE-00 UTED-00 VCI-00 FOE-00
FRB-00H-00EDE-00 INR-00 L-00CIE-00 NSAE-00 ISN-00N3CE-00 OMB-00
NIMA-00 ISNE-00 SP-00RM-00 330-00SS-00TR-00 FMP-00 BBG-00 IIP-00
DSCC-00 PRM-00DRL-00 G-00FAT-00 SAS-00 SWCI-00001WDBC3B 031954Z
/38R 032033Z JUL 06FM AMEMBASSY MEXICO 'TO SECSTATE WASHDC
1965ELEASED IN PARTINFO DEPT OF TREASURY WASHDC6EPT OF COMMERCE
WASHDCCONSULATES IN MEXICO COLLECTIVEAS MEXICO 003672TE FOR
WHA/MEX, WHA/EPSC, EB/IFD, AND EB/EPPD
R LAC:MARX CARRATOSURY FOR IA MEXICO DESK: JASPER HOEKRCE FOR
ITA/MAC/NAFTA: ANDREW RUDMAN
.O. 12958: N/AS: ECON, EFIN, EINV, PGOV, MXECT: MEXICAN
ELECTORAL UNCERTAINTY -- INITIAL MARKET
ensitive but unclassified, entire text.(SBU) Summary. Following
Sunday's indeterminate electionlts, the Mexican Stock Market
(Bolsa) opened July 3 up7% where it remains at midday. The peso
rose Mondayng to between 11.10 and 11.20 to the dollar after
havingJune 30 at 11.42. While some observers point to
Calderon lead, most note that the MexicanJuly 4 holiday. None of
the market watchers
nty. End Summary.(SBUI 1he brief rally in Mexican markets will
be shorto matter who wins, he said, markets will return to BUNITED
STATES DEPARTMENT OF STATE
REVIEW AUTHORITY: OSCAR J OLSONDATE /CASE ID: 17 FEB 2009
200704261NCLASSIFIED
8/8/2019 Departamento de Estado 5, elecciones presidenciales
Mxico 2006
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UNCLASSIFIEDMexico's strong economic fundamentals in Mexico and
higherinterest rates abroad. The exchange rate would hover
between11.30 and 11.40.3.SBU)/also expected the spike to continue
at least through thefirst half of the week with greater volatility.
They seeinvestors as optimistic and willing to wait at least
twoweeks to gauge how the political scene develops. He
expressedregret over U.S. headlines on the election which
hecriticized as "exaggerated."4. SBU)Iagreed that, even beforethe
final counts came in, markets already discounted aCalderon victory.
At this point, none of the advisors sawtrends changing to favor
Lopez Obrador.believed that AMIO, under pressure from the Mexican
press,would respect the Federal Election Institute's (IFE)
results,although he would inspect the count closely. The
analystsnoted that Investors could see that the election was a
verytransparent process and this would contribute to
stability.ifferent from other elections, the 2006
presidentiallection count was completely "on line" in which
allbservers would learn of the results in real time.
SBU)Iadded that investors were also optimisticCongress
composition in which PAN is winning seats andRI is losing
significant ground. He called the PRI "theng needed reforms during
the Fox
isit Mexico City's Classified Web Site at
UNCLASSIFIED
