Posts Tagged ‘Swine Flu’

Mexico uh-oh

Tuesday, May 5th, 2009

Today is Cinco de Mayo, but investors in Mexican securities probably won’t be whipping out their party sombreros and tequila any time soon. The dreaded swine flu (or H1N1 flu, for the politically correct crowd) is hitting Mexico hard, costing the country $100 million a day, according to some experts. This spells trouble for the Mexican Bolsa Index, which lost 3.3 percent when news of the flu broke on April 24, according to Robert P. Smith, founder of Turan Corporation, a firm specializing in trading emerging markets’ sovereign debt. (more…)

Swine time

Monday, April 27th, 2009

While the long-term impact of the Swine Flu epidemic on the markets and trading is still to be determined, CME Group is taking necessary precautions on the matter. In response to the outbreak, CME Group put out the following statement: ”We have an established business continuity team that coordinates specific plans for a variety of scenarios, including a pandemic, across all of our departments and locations. We are distributing CDC information on the swine flu outbreak and other flu prevention tips to our employees and members.” CME Group had no further comment, but continues to monitor the situation closely, according to a spokesperson.  U.S. stocks ended lower on Monday, with the Dow falling 0.6% to 8,025, according to Market Watch.