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Yarek Aranowicz

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Just before the incident we were talking of recession-like conditions in Mexico, but hoping for a recovery at end of the year. But now the thinking is that if global uncertainty stays with us then Mexico may face a recession all of next year.

Definitely Mexico today was helped by the Nasdaq. The central bank's easing yesterday also helped.

Stocks now become more attractive than bonds and companies will have easier and cheaper access to funds. Corporate valuations also become more attractive with the use of lower discount rates.

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