Mexican Stock Prices Rebound on U.S.Data; Peso Falls in Oil

        By Anthony Harrup
        MEXICO CITY--Mexican stock prices rose on Thursday, snapping a three-day losing streak, as strong U.S. retail sales and jobs data helped buoy equities, although the economic news and the continued drop in oil prices led the peso to weaken, triggering dollar sales by the central bank.
        The IPC index of 35 most-traded stocks closed up 0.8% at 41,715 points on volume of 221.5 million shares worth 7.57 billion pesos ($511 million).
        Among the biggest gainers, construction company ICA shares rose 5.2% to MXN17.25, banking group Banorte's O shares closed up 2.8% at MXN78.19 and telecommunications heavyweight America Movil's L shares rose 2.5% to MXN15.94.
        The good news for stocks was bad news for the peso, as the U.S. economic data stoked concern about monetary tightening by the U.S. Federal Reserve. The continued slide in oil prices also hurt the currency, traders said. The peso weakened to MXN14.8070 to the dollar in Mexico City, according to Infosel, compared with MXN14.5440 at Wednesday's close.
        The Bank of Mexico sold $200 million in an auction at an average rate of MXN14.7544 per dollar.
        Mexican banks and financial markets will be closed on Friday for the Our Lady of Guadalupe religious holiday.
        Write to Anthony Harrup at anthony.harrup@wsj.com
        (END) Dow Jones Newswires

        December 11, 2014 17:18 ET (22:18 GMT)

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