Mexican stock market gains optimism over China-US trade conflict, almost stable weight

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MEXICO CITY, Sep 5 (Reuters) – The Mexican stock market won on Thursday and the peso closed almost stable against a greater global appetite for risky assets after the United States and China agreed to hold a new round of negotiations, while maintaining a prolonged commercial dispute between the two powers.

The Chinese Ministry of Commerce said that its commercial team will hold talks with its US counterpart mid-month to prepare high-level negotiations that will take place in early October.

* The currency traded at 19.7184 per dollar at 15.15 local time (2015 GMT), with a depreciation of 0.02%, compared to the reference price of Reuters on Wednesday.

* In the session the weight was appreciated 0.5% until 19.6159 units.

* Among the investors, hopes were generated that Beijing and Washington could reach an agreement that would put an end to the trade conflict between the two that has hit growth.

* The referential S&P / BMV IPC index, made up of the shares of the 35 most liquid firms in the market, added 0.96% to 42,731.48 points.

* In the debt market, the 10-year bond yield rose six basis points to 7.01%, while the 20-year rate added three to 7.37%. (Report by Miguel Angel Gutiérrez)

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