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UNCLASSIFIED3 8ACTION WHA -00RELEASED IN FULL
INFO LOG-00 AID-00 CEA-01 CIAE-00 CTME-00 INL-00 DODE-00ITCE-00
DOTE-00 PDI-00 EB-00 EXME-00 E-00 FAAE-00UTED-00 VCI-00 FRB-00
TEDE-00 INR-00 LAB-01 VCIE-00NSAE-00 ISN-00 NSCE-00 OMB-00 NIMA-00
EPAU-00 ISNE-00SP-00 SSO-00 SS-00 STR-00 NCTC-00 FMP-00
BBG-00EPAE-00 IIP-00 DRL-00 G-00FAT-00 SAS-00002W3CE80 021254Z /38P
021352Z AUG 06FM AMEMBASSY MEXICOTO SECSTATE WASHDC PRIORITY
2473INFO ALL US CONSULATES IN MEXICO COLLECTIVEDEPT OF COMMERCE
WASHDCEPT OF TREASURY WASHDCNCLAS MEXICO 004266
SENSITIVEIPDIS
AND EB/IFD/OMAY FOR LA - DAVID BECKWORTH
.O. 12958: N/AS: ECON, EFIN, MXECT: MEXICAN MARKETS DIP ON CIVIL
DISOBEDIENCE
ensitive but unclassified, entire text. (SBU) Summary: On Sunday
July 30, 2006 Andres Manuel Lopezbrador (AMLO) again summoned
thousands of followers in a
oralAs part of the protest, ANLO's
along Paseo de la Reforma, the avenue thats the Mexican stock
exchange, the U.S. Embassy,al groups, and the city's primary hotel
district. AMLO
al tribunal reaches aReacting to the political uncertainty
- and a number of domestic and international factors --exico's
financial markets were volatile on July 31 andugust 1. The IPC, the
stock market's main indicator, fell.4% to 19,973.20 and the peso
depreciated 1.5% to 11.02
the dollar from July 28. End Summary.
ILITY IN FINANCIAL MARKETS
UNITED STATES DEPARTMENT OF STATEREVIEW AUTH ORITY: OSCAR J
OLSONDATE /CASE ID: 17 FEB 2009 200704261NCLASSIFIED
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UNCLASSIFIEDBU) Mexico's stock market and peso fell on July 31
and
ugust 1 in part because of the political uncertaintyrated by the
protests by AMLO supporters. The IPC has
1.4% or 279.13 points to 19,973.20 and the pesociated 1.5% to
11.02 pesos to the dollar since July 28.
n August 1, the yield on the bond due in December 2015 roseto
8.52%. The price, which moves inversely to
ll 0.44 peso cents to 96.64 pesos, the biggestly 17. Analysts
expect caution from local
A low demand is expectedAugust 1 CETES and the 20-year bond
auctions. The recent
prices, uncertaintyg U.S. monetary policy, and a possible
economicin the U.S., which would reduce demand for Mexican
(SBU) The business sector calculates losses of USD 39.8ing the
first two days of protests in Mexico City16 camps installed on
Mexico City's main avenue.
exico City Trade Chamber (Canaco), the National Touristhamber
(CNET), and the Mexican Employers Confederationoparmex) warned the
authorities that the protests could
closure of 45,000 businesses and the loss of 2businessmen, led
by Gordon Viberg,
of CNET, are considering filing injunctions againsts to demand
payment for damages. On August
local authoritieslaw. Lorenzo Ysasi, chairman of the Mexicoity
Trade Chamber said that protesters' camps are damaging
00 local businesseS, 7,000 tourist businesses, and 4,500anaco
calculates that daily losses total
SD 13.7 million.
(SBU) In spite of electoral noise in Mexico, economicer products
inal have benefited as a result. The Bank of Mexico (BOM)
increase between 3% and 3.5%, withinn a separate statement,
the
UNCLASSIFIED
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UNCLASSIFIEDOM raised its forecast for real GDP to a range of 4%
to 4.5%
his is the second increase ingrowth estimate this year.
Alejandro
inance Secretariat's chief economist, told theican economy will
likely grow around 4% in
06. For Manuel Ramos Francia, BOM's chief economist, "theor
growth in a horizon that includes 2007." For
ysts, the peso is set to appreciate to 10.60 pesosr if Felipe
Calderon is confirmed as president by
isit Mexico City's Classified Web Site
atwww.state.sgov.gov/p/wha/mexicocity
N
UNCLASSIFIED
