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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“This morning, I had a very good telephone call with President Lula, of Brazil. We discussed many things, but it was mostly focused on the Economy, and Trade, between our two Countries. We will be having further discussions, and will get together in the not too distant future, both in Brazil and the United States. I enjoyed the call — Our Countries will do very well together!”
How Will Trump’s Statement Affect the Stock Market?
This latest post has the potential to affect the stock market. That’s because Donald Trump’s positive remarks about his conversation with Brazilian President Lula, focusing on economic and trade relations, could boost investor confidence in the iShares MSCI Brazil ETF. The potential for strengthened trade ties between the U.S. and Brazil might lead to increased economic activity and investment opportunities in Brazil, positively impacting Brazilian equities. As a result, the iShares MSCI Brazil ETF could see increased interest and potential upward movement in its stock price.
Here are some of the stocks that might be affected:
iShares MSCI Brazil ETF ((EWZ)).