STORY: Mexican president ascribes global market jitters to dismal U.S. unemployment figures
SHOOTING TIME: Aug. 5, 2024
DATELINE: Aug. 6, 2024
LENGTH: 00:01:07
LOCATION: Mexico City
CATEGORY: ECONOMY

SHOTLIST:
1. various of the president of Mexico
2. SOUNDBITE (Spanish): ANDRES MANUEL LOPEZ OBRADOR, Mexican President

STORYLINE:

Mexican President Andres Manuel Lopez Obrador on Monday blamed the drop in global markets on investor nervousness caused by the release of dismal employment figures in the United States.

SOUNDBITE (Spanish): ANDRES MANUEL LOPEZ OBRADOR, Mexican President
"At the end of last week, like on Thursday, a situation of instability began, fundamentally attributed to data provided about the growth of unemployment in the United States. And this made the financial markets nervous and affected exchange rates worldwide."

While the impact on the Mexican peso was not "very significant," the peso did slide somewhat to trade at 19.55 to the dollar, said the president.

However, he added, Mexico has "a margin of protection," since the local economy has strong public finances and record levels of international reserves.

Xinhua News Agency correspondents reporting from Mexico City.
(XHTV)