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Worst Earnings in Three Years Fail to Deter Mexico Investors

  • Nation's IPC Index gains amid earnings that disappoint
  • Retail sales increased by the most since 2012 in June
Updated on

Mexico’s worst earnings in 13 quarters aren’t deterring investors betting that rising sales are a precursor to economic growth next year.

The IPC Index has climbed 6.2 percent in the last month through Wednesday, the second-best performance among the benchmark gauges in six Latin American markets. That’s because shareholders are focusing on the bigger picture: a resurgence in the domestic economy, Grupo Financiero Santander Mexico SAB and Bank of America Corp. say.