> ## Content Index > Fetch the complete content index at: https://newsletters.qs.com/llms.txt > Use this file to discover other available public pages before exploring further. # ๐ŸŒฎ Mexico Stock Index Up 18%. $100M+ VC Funding. - URL: https://newsletters.qs.com/mexico-stock-index-up-18-100m-vc-funding/ - Published: 2024-03-28T11:15:19.000Z - Updated: 2024-03-29T05:08:15.000Z - Description: Impact Capital Markets #59 looks at our Mexico stock index, major impact deals, M&A, and upcoming economic releases. - Author: QS - Tags: Deals [**Yia sas**](https://www.google.com/search?q=greek+language+wikipedia&oq=greek+language+wiki&gs%5Flcrp=EgZjaHJvbWUqBwgAEAAYgAQyBwgAEAAYgAQyBggBEEUYOTIICAIQABgWGB4yCAgDEAAYFhgeMggIBBAAGBYYHqgCALACAA&sourceid=chrome&ie=UTF-8&ref=newsletters.qs.com) ๐Ÿ›๏ธ ๐Ÿ“‰ **Today's Global Economic Update:** US Durable Goods Orders data indicated a [1.4% increase in February 2024 from the previous month](https://www.census.gov/economic-indicators/?ref=newsletters.qs.com#durable%5Fgoods), following a sharp decline in January. Transportation equipment, machinery, and capital goods witnessed significant rebounds. ๐ŸŒฑ **Deal of the Day:** Nourish, a telehealth nutrition platform provider connecting people to registered dietitians, raised a [$35M Series A](https://www.finsmes.com/2024/03/nourish-raises-35m-in-series-a-funding.html?ref=newsletters.qs.com#google%5Fvignette) to develop its platform. **What's New?** - ๐ŸŒฎ **Mexico.** Mexico Stock Index Up 18% - **๐Ÿ’ฐ Funding.** Telehealth, pediatric care, heating systems & sanitation - ๐Ÿ’ผ **M&A.** IMCD acquires Gova Ingredients - ๐Ÿ“… **Economics.** Inflation, US GDP, personal income & spending + more ## ๐ŸŒฎ **Mexico Stock Index Up 18%** ![](https://storage.ghost.io/c/f1/d4/f1d411df-6f49-4c75-a302-f8c9e9f59495/content/images/2024/03/HolonIQ_HolonIQ_Mexico_HIQMEXCO_HCHM6IDM38GQDCIFVHXE.png) HolonIQโ€™s Mexico index has risen by 18% over the past year. Economic growth has fueled investor confidence, leading to increased activity in the market. Major stocks within the index like Grupo Carso SAB de CV ($20B MCap), Grupo Financiero Banorte SAB de CV ($31B MCap), and Grupo Mรฉxico S.A.B. de C.V ($46B MCap) showed notable increases of 93%, 36% and 27% respectively. The trend of nearshoring, where manufacturing plants relocate to Mexico, has provided continuous support to Mexico's economy, contributing to record-high levels of foreign direct investments. Mexico has capitalized on this, offering tax breaks to certain industries, a move that is expected to propel further growth, benefitting Mexico's stock market. Last week, Mexico also ended its tightening cycle, cutting interest rates by 25 basis points to 11%, a move which will direct investment away from fixed income and towards Mexico's equity market. ## ๐Ÿ’ฐ Funding ๐ŸŒฑ **Nourish,** a New York-based telehealth nutrition platform provider connecting people to registered dietitians, raised a [$35M Series A](https://www.finsmes.com/2024/03/nourish-raises-35m-in-series-a-funding.html?ref=newsletters.qs.com#google%5Fvignette) to develop its platform. ๐Ÿง  **InStride Health,** a Massachusetts-based pediatric anxiety care provider, raised a [$30M Series B](https://www.valtruis.com/news/instride-health-series-b-press-release?ref=newsletters.qs.com) from General Catalyst to expand to new markets. ๐Ÿ”ฅ **Watttron,** a German digital temperature control systems developer, raised a [$13M Series B](https://www.eu-startups.com/2024/03/german-startup-watttron-secures-e12-million-series-b-to-lead-the-sustainable-packaging-movement/?ref=newsletters.qs.com) from the European Circular Bioeconomy Fund & Circular Innovation Fund to expand into the American and Asian markets. โ™ป๏ธ **Wase,** a UK-based clean fuel start-up, raised [$9.2M](https://www.finsmes.com/2024/03/wase-raises-over-8-5m-in-funding.html?ref=newsletters.qs.com) from Extantia Capitaltoscale its waste-to-energy technology. ## ๐Ÿ’ผ M&A ๐Ÿ›๏ธ **IMCD,** a Dutch chemical and food ingredients distributor, [acquired](https://www.globenewswire.com/en/news-release/2024/03/27/2852888/0/en/IMCD-Benelux-expands-its-Beauty-Personal-Care-presence-with-the-acquisition-of-Gova-Ingredients.html?ref=newsletters.qs.com) Gova Ingredients, a cosmetic ingredient distributor in the Netherlands. ## **๐Ÿ“…** Economic Calendar Inflation, US GDP, Personal Income & Spending + More ### Thursday, March 28th 2024 ๐Ÿ‡บ๐Ÿ‡ธ [US Core PCE Price Index Data, February](https://www.bea.gov/?ref=newsletters.qs.com) ๐Ÿ‡บ๐Ÿ‡ธ [US GDP Growth Data, Q4](https://www.bea.gov/?ref=newsletters.qs.com) ### Friday, March 29th 2024 ๐Ÿ‡ซ๐Ÿ‡ท [France Inflation Data (Preliminary), March](https://www.insee.fr/fr/accueil?ref=newsletters.qs.com) ๐Ÿ‡ฎ๐Ÿ‡น [Italy Inflation Data (Preliminary), March](https://www.istat.it/?ref=newsletters.qs.com) ๐Ÿ‡บ๐Ÿ‡ธ [US Personal Income & Spending Data, February](https://www.bea.gov/?ref=newsletters.qs.com) ### Monday, April 1st 2024 ๐Ÿ‡ฏ๐Ÿ‡ต [Japan Tankan Large Manufacturers Index, Q1](https://www.boj.or.jp/?ref=newsletters.qs.com) ๐Ÿ‡จ๐Ÿ‡ณ [China Caixin Manufacturing PMI, March](https://www.pmi.spglobal.com/public?ref=newsletters.qs.com) ๐Ÿ‡บ๐Ÿ‡ธ [US ISM Manufacturing PMI, March](https://www.ismworld.org/?ref=newsletters.qs.com) ### Tuesday, April 2nd 2024 ๐Ÿ‡ฆ๐Ÿ‡บ [Australia RBA Meeting Minutes](https://www.rba.gov.au/?ref=newsletters.qs.com) ๐Ÿ‡ฉ๐Ÿ‡ช [Germany Inflation Data (Preliminary), March](https://www.destatis.de/DE/Home/%5Finhalt.html?ref=newsletters.qs.com) ๐Ÿ‡บ๐Ÿ‡ธ [US JOLTs Job Openings, February](https://www.bls.gov/?ref=newsletters.qs.com) ### Wednesday, April 3rd 2024 ๐Ÿ‡ช๐Ÿ‡ฆ [Euro Area Inflation Data, March](https://ec.europa.eu/eurostat/?ref=newsletters.qs.com) ๐Ÿ‡บ๐Ÿ‡ธ [US ISM Services PMI, March](https://www.ismworld.org/?ref=newsletters.qs.com) ### Friday, April 5th 2024 ๐Ÿ‡ฆ๐Ÿ‡บ [Australia Balance of Trade Data, February](http://www.abs.gov.au/?ref=newsletters.qs.com) ๐Ÿ‡จ๐Ÿ‡ฆ [Canada Balance of Trade Data, February](https://www.statcan.gc.ca/?ref=newsletters.qs.com) ๐Ÿ‡จ๐Ÿ‡ฆ [Canada Employment Data, March](https://www.statcan.gc.ca/?ref=newsletters.qs.com) ๐Ÿ‡บ๐Ÿ‡ธ [US Employment Data, March](https://www.bls.gov/?ref=newsletters.qs.com) ๐Ÿ‡จ๐Ÿ‡ฆ [Canada Ivey PMI, March](https://www.ivey.uwo.ca/?ref=newsletters.qs.com)[](https://www.ivey.uwo.ca/?ref=newsletters.qs.com) [](https://www.bea.gov/?ref=newsletters.qs.com) [](https://www.ifo.de/?ref=newsletters.qs.com) [](http://www.sca.isr.umich.edu/?ref=newsletters.qs.com) [](https://www.ifo.de/?ref=newsletters.qs.com) --- **Like getting this newsletter?* For unlimited access to more deals and economic updates,* [*request a demo*](https://webforms.pipedrive.com/f/1uMbIPRqUeVuZ31jVtKWMWIuqU2ga1nKo8aotNdGihU16zgOzuTfRMb9XfIIGmcOT?ref=newsletters.qs.com)*.* --- **Thank you for reading. 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