$AMX

Claro, a Brazilian operator, has finalized the purchase of a 72.83% stake in fiber broadband provider Desktop. The deal, completed via subsidiary Claro NXT, involves 84.68 million shares. Claro plans to seek approval for a tender offer for the remaining shares. Financial terms were not disclosed. The acquisition strengthens Claro's position in Brazil's fixed broadband market.

Mexico's S&P/BMV IPC rose 0.69% to 64,975.08, its second straight gain. The peso strengthened 0.4% to 18.08 per dollar. América Móvil led gains with a 3.62% rise after its Brazilian unit acquired a stake in Desktop. Gross fixed investment grew 6.6% in July, according to INEGI. The Mexico ETF EWW rose 1.10% to $71.87 in New York.

Aeroméxico will launch non-stop flights between Mexico City and Montego Bay, Jamaica, starting March 18, 2027, subject to approvals. The route will operate three times weekly, connecting over 40 cities. Officials expect increased tourism and economic benefits. Flights will use Boeing 737 MAX 8 aircraft.

Aeroméxico will launch nonstop flights between Mexico City and Nassau, starting March 19, 2027. This is the first direct route between the capitals, enhancing tourism and business ties. The Bahamas Ministry of Tourism sees this as a major step in expanding its Latin American market reach, while Aeroméxico aims to boost its Caribbean network.

Jefferies identified top Latin American stocks: Assai (Buy, R$12.0 PT), YDUQS (Buy, potential Afya merger), and Aeroméxico (Hold, $100M annual buyback plan). Assai shows resilience, YDUQS may gain from merger, and Aeroméxico signals confidence with buybacks.

Mexico's S&P/BMV IPC rose 0.06% to 65,770.85, while the peso fell 0.23% to 16.9647 per USD after inflation data showed annual price growth accelerated to 3.26%. Consumer stocks led gains, while mining and airport stocks declined. The index is up 12.17% year-over-year but 7.7% below its 52-week high.

Analyst actions: DA Davidson upgraded Duolingo (DUOL) to Buy, PT $160 (from $130). Citi upgraded Bath & Body Works (BBWI) to Buy, PT $25. KeyBanc upgraded Acadia Realty Trust (AKR) to Overweight, PT $25. Mizuho downgraded Norwegian Cruise Line (NCLH) to Neutral, PT $17 (from $22). Multiple other upgrades/downgrades and initiations were issued across retail, real estate, telecom, and healthcare.

Mexico’s S&P/BMV IPC fell 0.39% to 64,574 on Aug. 15, pressured by Grupo México, Peñoles and Banorte, while Femsa rose 1.3% and led large caps. The peso ended near 17.017 per USD, supported by a softer US producer-inflation report that weakened the dollar. Investors noted currency strength not translating into broad equity buying.

Mexico’s S&P/BMV IPC fell 0.75% to 66,439 on Monday as sell-offs in retail and infrastructure outpaced modest telecom gains. Walmex dropped 2.9% and GAP fell 3.2%, while America Movil rose 0.3%. The peso was little changed at 17.14 per USD ahead of Wednesday’s US CPI and Banxico’s inflation caution.

Mexico’s S&P/BMV IPC fell 0.47% to 66,537 points, pressured by declines in Walmex (-3.2%), América Móvil (-3.5%) and Femsa (-1.8%), according to the market report. The peso strengthened, with USD/MXN down 0.19% to 17.23. Peñoles rose 5.4% as gold jumped 5.03% to about $4,278/oz.