Mexican President Lopez Obrador Says Nearing Agreement With U.S. To Deport Non-Mexican Migrants Directly To Their Home Countries
Portfolio Pulse from Benzinga Newsdesk
Mexican President Lopez Obrador announced that Mexico is close to reaching an agreement with the U.S. to deport non-Mexican migrants directly to their home countries.
June 05, 2024 | 4:08 pm
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POSITIVE IMPACT
The iShares MSCI Mexico ETF (EWW) may be impacted by the news of Mexico nearing an agreement with the U.S. to deport non-Mexican migrants directly to their home countries.
The agreement could improve U.S.-Mexico relations and potentially stabilize the Mexican economy, positively impacting the iShares MSCI Mexico ETF (EWW).
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) might experience minor impacts from the news of Mexico nearing an agreement with the U.S. to deport non-Mexican migrants directly to their home countries.
While the agreement could improve U.S.-Mexico relations, the direct impact on the broader U.S. market represented by SPY is likely to be minimal.
CONFIDENCE 60
IMPORTANCE 20
RELEVANCE 30