TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“They ripped the hell out of the Rainforest of Brazil to build a four lane highway for Environmentalists to travel. It’s become a big scandal!”
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 statement could lead to increased scrutiny and negative sentiment towards Brazilian infrastructure projects, potentially affecting investor confidence in the iShares MSCI Brazil ETF. If investors perceive the environmental controversy as a risk to Brazil’s economic stability or international relations, it could result in a sell-off of Brazilian assets. This could lead to a decrease in the value of the iShares MSCI Brazil ETF, as it is heavily influenced by the performance of Brazilian markets.
Here are some of the stocks that might be affected:
iShares MSCI Brazil ETF ((EWZ)).