IBOV 171,133 ▼ 0.21% IPSA 10,923 ▲ 1.70% IPC MEX 67,955 ▲ 1.46% MERVAL 3,352,708 ▼ 0.01% COLCAP 2,386.78 ▲ 1.53% BVL PERÚ 52,306.77 ▼ 0.36% USD/BRL 5.06 ▲ 0.01% USD/MXN 17.21 ▼ 0.25% USD/CLP 898.70 — 0.00% USD/COP 3,454 ▼ 1.31% USD/PEN 3.40 ▼ 0.01% USD/ARS 1,429 ▼ 0.28% USD/UYU 40.54 ▲ 1.33% USD/PYG 6,094 ▲ 0.45% USD/BOB 6.85 ▲ 1.63% USD/DOP 58.68 ▲ 1.74% USD/CRC 451.82 ▲ 1.15% USD/GTQ 7.61 ▲ 2.17% USD/HNL 26.65 ▲ 1.30% USD/NIO 36.62 ▲ 0.75% USD/VES 581.23 ▼ 0.13% USD/PAB 1.00 ▲ 2.27% USD/BZD 2.00 ▲ 1.70% USD/JMD 157.59 ▲ 0.65% USD/TTD 6.76 ▲ 1.49% EUR/BRL 5.86 ▼ 2.16% BRENT 87.33 ▼ 3.37% WTI 84.88 ▼ 3.23% IRON ORE 161.91 — — COPPER 6.45 ▲ 2.97% GOLD 4,239 ▲ 3.63% SILVER 67.97 ▲ 6.40% SOY 1,132 ▲ 1.52% CORN 412.75 ▲ 0.24% WHEAT 584.50 ▼ 0.38% COFFEE 253.80 ▼ 0.06% SUGAR 14.24 ▲ 3.26% ORANGE JUICE 164.85 ▼ 0.57% COTTON 76.34 ▲ 5.31% COCOA 3,979 ▲ 7.25% BEEF 241.18 ▼ 4.10% CATTLE 357.43 ▼ 0.62% LITHIUM 82.37 ▲ 2.02% PETR4 41.18 ▼ 1.39% VALE3 79.17 ▲ 0.47% ITUB4 40.60 ▲ 0.25% BBDC4 17.80 ▲ 0.68% ABEV3 16.61 ▼ 0.18% BBAS3 19.46 ▲ 0.26% B3SA3 15.23 ▼ 1.36% WEGE3 42.61 ▲ 0.61% PRIO3 61.34 ▼ 1.14% SUZB3 41.52 ▲ 0.56% RENT3 40.70 ▼ 0.25% AZZA3 17.19 ▼ 1.83% CSAN3 3.34 ▼ 0.89% RAIZ4 0.43 — 0.00% PCAR3 1.55 ▲ 6.16% GMAT3 3.96 ▼ 3.88% PSSA3 50.49 ▲ 1.98% CVCB3 1.39 ▲ 5.30% POSI3 3.64 ▲ 3.12% SLCE3 14.25 ▼ 2.93% NATU3 8.56 ▲ 0.59% BRKM5 9.10 ▼ 6.67% RANI3 7.95 — 0.00% CSNA3 6.05 ▲ 0.67% CMIN3 4.30 ▼ 0.92% USIM5 10.85 — 0.00% GGBR4 23.88 ▲ 0.25% ENEV3 24.54 ▲ 0.57% NEOE3 33.80 — 0.00% CPFE3 44.42 ▲ 0.11% CMIG4 10.73 ▼ 0.74% EQTL3 38.77 ▼ 0.31% LREN3 15.38 ▼ 0.07% VIVT3 33.53 ▼ 0.97% RAIL3 13.36 ▼ 0.96% KLABIN 16.88 ▲ 0.60% RAIA DROGASIL 17.46 ▼ 0.91% RDOR3 34.08 ▲ 0.12% HAPV3 11.40 ▼ 1.64% FLRY3 15.18 ▲ 0.13% SMTO3 15.80 ▼ 2.29% UGPA3 24.80 ▼ 0.72% VBBR3 29.15 ▼ 1.29% BBSE3 37.87 ▲ 0.19% BPAC11 50.39 ▼ 0.18% CURY3 32.11 ▲ 0.72% AERI3 2.33 ▼ 0.43% VIVARA 21.33 ▲ 0.57% COMPASS 25.29 ▲ 0.12% VAMOS 3.03 ▲ 3.06% SANB11 27.13 ▼ 0.15% ASAI3 8.10 ▼ 1.70% SBSP3 27.54 ▼ 1.11% WALMEX 52.15 ▲ 0.66% GMEXICO 209.34 ▲ 1.32% FEMSA 222.73 ▲ 0.52% CEMEX 22.31 ▲ 1.97% GFNORTE 187.96 ▲ 2.92% BIMBO 58.24 — 0.00% TELEVISA 9.99 ▲ 1.42% AMX 23.92 ▲ 0.34% GAP 407.52 ▲ 2.66% ASUR 287.09 ▲ 1.07% OMA 219.39 ▲ 2.80% KOF 187.96 ▲ 1.56% GRUMA 296.70 ▲ 1.09% KIMBER 37.42 ▲ 2.44% SQM-B 75,500 ▲ 3.99% COPEC 6,120 ▼ 0.63% BSANTANDER 73.60 ▲ 1.60% FALABELLA 5,950 ▼ 0.34% ENELAM 79.57 ▲ 3.06% CENCOSUD 2,248 ▲ 3.11% CMPC 1,060 ▲ 1.89% BANCO CHILE 182.00 ▲ 2.10% LATAM AIR 23.94 ▲ 3.41% YPF 83,400 ▼ 0.36% GGAL 8,210 ▼ 0.73% PAMPA 5,290 ▼ 0.28% TXAR 694.00 ▼ 0.93% ALUAR 1,029 ▲ 0.19% TGS 9,875 ▼ 0.25% CEPU 2,371 ▼ 1.00% MIRGOR 17,150 ▼ 0.72% COME 44.98 ▼ 2.34% LOMA NEGRA 3,750 — 0.00% BYMA 305.50 ▲ 0.74% TELECOM ARG 4,570 ▼ 3.89% ECOPETROL 16.58 ▲ 1.97% BANCOLOMBIA 80.26 ▼ 0.71% GRUPO AVAL 5.55 ▲ 3.16% CREDICORP 369.55 ▲ 0.32% SOUTHERN COPPER 189.79 ▲ 4.19% BUENAVENTURA 33.42 ▲ 2.01% MERCADOLIBRE 1,590 ▼ 1.27% NUBANK 12.19 ▲ 0.83% XP 16.02 ▲ 2.36% PAGSEGURO 8.96 ▲ 0.22% STONE 11.26 ▲ 0.09% GLOBANT 37.49 ▲ 2.94% TECNOGLASS 43.79 ▲ 0.11% GAP AIRPORT 236.89 ▲ 3.08% ASUR 287.09 ▲ 1.07% OMA AIRPORT 101.77 ▲ 2.59% AMX ADR 27.76 ▲ 0.36% FEMSA ADR 129.37 ▲ 0.79% CEMEX ADR 12.98 ▲ 2.20% PETROBRAS ADR 18.38 ▲ 0.77% VALE ADR 15.71 ▲ 2.28% ITAU ADR 7.99 ▲ 1.01% SANTANDER BR 5.43 ▲ 1.12% AMBEV ADR 3.25 ▲ 0.93% CSN 1.22 ▲ 0.83% GERDAU 4.75 ▲ 1.93% LATAM ADR 53.25 ▲ 3.46% BTC 63,748 ▲ 0.32% ETH 1,673 ▲ 0.45% SOL 67.38 ▲ 0.94% XRP 1.14 ▲ 1.05% BNB 604.16 ▲ 0.11% ADA 0.17 ▲ 1.62% DOGE 0.09 ▲ 1.57% AVAX 6.65 ▲ 1.30% LINK 7.95 ▲ 1.23% DOT 0.98 ▲ 2.68% LTC 43.62 ▲ 1.33% BCH 208.35 ▲ 3.14% TRX 0.32 ▲ 0.36% XLM 0.19 ▲ 1.08% HBAR 0.08 ▲ 0.47% NEAR 2.03 ▲ 0.84% ATOM 1.99 ▲ 0.50% AAVE 66.86 ▲ 4.21% SELIC 14.50% EMBRAER 72.85 ▲ 2.32% EMBRAER ADR 57.80 ▲ 3.02% JBS 12.54 ▲ 2.79% JBS BDR 62.98 ▲ 1.58% MBRF3 15.99 ▼ 0.06% MBRFY 3.00 ▼ 0.99% INTER 5.77 ▲ 1.05% EGX 50,819 ▼ 0.85% USD/ZAR 16.28 ▲ 0.19% USD/NGN 1,360 ▲ 0.01% NIKKEI 66,020 ▲ 2.81% CSI300 4,777 ▲ 1.16% HSI 24,718 ▲ 1.93% NIFTY 23,623 ▲ 1.99% KOSPI 8,124 ▲ 4.63% JCI 6,008 ▲ 2.07% USD/JPY 160.19 ▲ 0.17% USD/CNY 6.7621 ▼ 0.19% DAX 24,635 ▲ 1.76% CAC 8,351 ▲ 1.83% FTSE 10,472 ▲ 1.63% MIB 51,497 ▲ 1.97% IBEX 18,764 ▲ 2.59% STOXX 633.21 ▲ 1.88% EUR/USD 1.1573 ▼ 0.08% GBP/USD 1.3407 ▼ 0.11% SPX 7,431 ▲ 0.50% DJI 51,202 ▲ 0.70% NDX 29,636 ▲ 0.64% RUT 2,944 ▲ 0.79% TSX 34,938 ▲ 0.77% VIX 17.68 ▼ 9.05% USD/CAD 1.3989 ▲ 0.21% US10Y 4.4870 ▲ 0.54% IBOV 171,133 ▼ 0.21% IPSA 10,923 ▲ 1.70% IPC MEX 67,955 ▲ 1.46% MERVAL 3,352,708 ▼ 0.01% COLCAP 2,386.78 ▲ 1.53% BVL PERÚ 52,306.77 ▼ 0.36% USD/BRL 5.06 ▲ 0.01% USD/MXN 17.21 ▼ 0.25% USD/CLP 898.70 — 0.00% USD/COP 3,454 ▼ 1.31% USD/PEN 3.40 ▼ 0.01% USD/ARS 1,429 ▼ 0.28% USD/UYU 40.54 ▲ 1.33% USD/PYG 6,094 ▲ 0.45% USD/BOB 6.85 ▲ 1.63% USD/DOP 58.68 ▲ 1.74% USD/CRC 451.82 ▲ 1.15% USD/GTQ 7.61 ▲ 2.17% USD/HNL 26.65 ▲ 1.30% USD/NIO 36.62 ▲ 0.75% USD/VES 581.23 ▼ 0.13% USD/PAB 1.00 ▲ 2.27% USD/BZD 2.00 ▲ 1.70% USD/JMD 157.59 ▲ 0.65% USD/TTD 6.76 ▲ 1.49% EUR/BRL 5.86 ▼ 2.16% BRENT 87.33 ▼ 3.37% WTI 84.88 ▼ 3.23% IRON ORE 161.91 — — COPPER 6.45 ▲ 2.97% GOLD 4,239 ▲ 3.63% SILVER 67.97 ▲ 6.40% SOY 1,132 ▲ 1.52% CORN 412.75 ▲ 0.24% WHEAT 584.50 ▼ 0.38% COFFEE 253.80 ▼ 0.06% SUGAR 14.24 ▲ 3.26% ORANGE JUICE 164.85 ▼ 0.57% COTTON 76.34 ▲ 5.31% COCOA 3,979 ▲ 7.25% BEEF 241.18 ▼ 4.10% CATTLE 357.43 ▼ 0.62% LITHIUM 82.37 ▲ 2.02% PETR4 41.18 ▼ 1.39% VALE3 79.17 ▲ 0.47% ITUB4 40.60 ▲ 0.25% BBDC4 17.80 ▲ 0.68% ABEV3 16.61 ▼ 0.18% BBAS3 19.46 ▲ 0.26% B3SA3 15.23 ▼ 1.36% WEGE3 42.61 ▲ 0.61% PRIO3 61.34 ▼ 1.14% SUZB3 41.52 ▲ 0.56% RENT3 40.70 ▼ 0.25% AZZA3 17.19 ▼ 1.83% CSAN3 3.34 ▼ 0.89% RAIZ4 0.43 — 0.00% PCAR3 1.55 ▲ 6.16% GMAT3 3.96 ▼ 3.88% PSSA3 50.49 ▲ 1.98% CVCB3 1.39 ▲ 5.30% POSI3 3.64 ▲ 3.12% SLCE3 14.25 ▼ 2.93% NATU3 8.56 ▲ 0.59% BRKM5 9.10 ▼ 6.67% RANI3 7.95 — 0.00% CSNA3 6.05 ▲ 0.67% CMIN3 4.30 ▼ 0.92% USIM5 10.85 — 0.00% GGBR4 23.88 ▲ 0.25% ENEV3 24.54 ▲ 0.57% NEOE3 33.80 — 0.00% CPFE3 44.42 ▲ 0.11% CMIG4 10.73 ▼ 0.74% EQTL3 38.77 ▼ 0.31% LREN3 15.38 ▼ 0.07% VIVT3 33.53 ▼ 0.97% RAIL3 13.36 ▼ 0.96% KLABIN 16.88 ▲ 0.60% RAIA DROGASIL 17.46 ▼ 0.91% RDOR3 34.08 ▲ 0.12% HAPV3 11.40 ▼ 1.64% FLRY3 15.18 ▲ 0.13% SMTO3 15.80 ▼ 2.29% UGPA3 24.80 ▼ 0.72% VBBR3 29.15 ▼ 1.29% BBSE3 37.87 ▲ 0.19% BPAC11 50.39 ▼ 0.18% CURY3 32.11 ▲ 0.72% AERI3 2.33 ▼ 0.43% VIVARA 21.33 ▲ 0.57% COMPASS 25.29 ▲ 0.12% VAMOS 3.03 ▲ 3.06% SANB11 27.13 ▼ 0.15% ASAI3 8.10 ▼ 1.70% SBSP3 27.54 ▼ 1.11% WALMEX 52.15 ▲ 0.66% GMEXICO 209.34 ▲ 1.32% FEMSA 222.73 ▲ 0.52% CEMEX 22.31 ▲ 1.97% GFNORTE 187.96 ▲ 2.92% BIMBO 58.24 — 0.00% TELEVISA 9.99 ▲ 1.42% AMX 23.92 ▲ 0.34% GAP 407.52 ▲ 2.66% ASUR 287.09 ▲ 1.07% OMA 219.39 ▲ 2.80% KOF 187.96 ▲ 1.56% GRUMA 296.70 ▲ 1.09% KIMBER 37.42 ▲ 2.44% SQM-B 75,500 ▲ 3.99% COPEC 6,120 ▼ 0.63% BSANTANDER 73.60 ▲ 1.60% FALABELLA 5,950 ▼ 0.34% ENELAM 79.57 ▲ 3.06% CENCOSUD 2,248 ▲ 3.11% CMPC 1,060 ▲ 1.89% BANCO CHILE 182.00 ▲ 2.10% LATAM AIR 23.94 ▲ 3.41% YPF 83,400 ▼ 0.36% GGAL 8,210 ▼ 0.73% PAMPA 5,290 ▼ 0.28% TXAR 694.00 ▼ 0.93% ALUAR 1,029 ▲ 0.19% TGS 9,875 ▼ 0.25% CEPU 2,371 ▼ 1.00% MIRGOR 17,150 ▼ 0.72% COME 44.98 ▼ 2.34% LOMA NEGRA 3,750 — 0.00% BYMA 305.50 ▲ 0.74% TELECOM ARG 4,570 ▼ 3.89% ECOPETROL 16.58 ▲ 1.97% BANCOLOMBIA 80.26 ▼ 0.71% GRUPO AVAL 5.55 ▲ 3.16% CREDICORP 369.55 ▲ 0.32% SOUTHERN COPPER 189.79 ▲ 4.19% BUENAVENTURA 33.42 ▲ 2.01% MERCADOLIBRE 1,590 ▼ 1.27% NUBANK 12.19 ▲ 0.83% XP 16.02 ▲ 2.36% PAGSEGURO 8.96 ▲ 0.22% STONE 11.26 ▲ 0.09% GLOBANT 37.49 ▲ 2.94% TECNOGLASS 43.79 ▲ 0.11% GAP AIRPORT 236.89 ▲ 3.08% ASUR 287.09 ▲ 1.07% OMA AIRPORT 101.77 ▲ 2.59% AMX ADR 27.76 ▲ 0.36% FEMSA ADR 129.37 ▲ 0.79% CEMEX ADR 12.98 ▲ 2.20% PETROBRAS ADR 18.38 ▲ 0.77% VALE ADR 15.71 ▲ 2.28% ITAU ADR 7.99 ▲ 1.01% SANTANDER BR 5.43 ▲ 1.12% AMBEV ADR 3.25 ▲ 0.93% CSN 1.22 ▲ 0.83% GERDAU 4.75 ▲ 1.93% LATAM ADR 53.25 ▲ 3.46% BTC 63,748 ▲ 0.32% ETH 1,673 ▲ 0.45% SOL 67.38 ▲ 0.94% XRP 1.14 ▲ 1.05% BNB 604.16 ▲ 0.11% ADA 0.17 ▲ 1.62% DOGE 0.09 ▲ 1.57% AVAX 6.65 ▲ 1.30% LINK 7.95 ▲ 1.23% DOT 0.98 ▲ 2.68% LTC 43.62 ▲ 1.33% BCH 208.35 ▲ 3.14% TRX 0.32 ▲ 0.36% XLM 0.19 ▲ 1.08% HBAR 0.08 ▲ 0.47% NEAR 2.03 ▲ 0.84% ATOM 1.99 ▲ 0.50% AAVE 66.86 ▲ 4.21% SELIC 14.50% EMBRAER 72.85 ▲ 2.32% EMBRAER ADR 57.80 ▲ 3.02% JBS 12.54 ▲ 2.79% JBS BDR 62.98 ▲ 1.58% MBRF3 15.99 ▼ 0.06% MBRFY 3.00 ▼ 0.99% INTER 5.77 ▲ 1.05% EGX 50,819 ▼ 0.85% USD/ZAR 16.28 ▲ 0.19% USD/NGN 1,360 ▲ 0.01% NIKKEI 66,020 ▲ 2.81% CSI300 4,777 ▲ 1.16% HSI 24,718 ▲ 1.93% NIFTY 23,623 ▲ 1.99% KOSPI 8,124 ▲ 4.63% JCI 6,008 ▲ 2.07% USD/JPY 160.19 ▲ 0.17% USD/CNY 6.7621 ▼ 0.19% DAX 24,635 ▲ 1.76% CAC 8,351 ▲ 1.83% FTSE 10,472 ▲ 1.63% MIB 51,497 ▲ 1.97% IBEX 18,764 ▲ 2.59% STOXX 633.21 ▲ 1.88% EUR/USD 1.1573 ▼ 0.08% GBP/USD 1.3407 ▼ 0.11% SPX 7,431 ▲ 0.50% DJI 51,202 ▲ 0.70% NDX 29,636 ▲ 0.64% RUT 2,944 ▲ 0.79% TSX 34,938 ▲ 0.77% VIX 17.68 ▼ 9.05% USD/CAD 1.3989 ▲ 0.21% US10Y 4.4870 ▲ 0.54%
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Analysis North America

From Guardian to Broker: Trump’s Reckoning with a World in Fragments

By · March 3, 2025 · 3 min read

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(Analysis) The world was already splintering when Donald Trump reclaimed the presidency in January 2025—a fragile edifice of fading alliances and rising tensions.

Geopolitical analyst George Friedman diagnoses a pre-existing malaise. He argues that the post-World War II order, based on U.S.-Soviet rivalry and NATO’s dominance, has eroded.

Russia’s war in Ukraine had cost a million lives by early 2025. Meanwhile, Europe’s $20 trillion economy is growing at only 0.9% in 2024, highlighting this decline.

The United States, long the world’s guarantor, now seeks a leaner role—not as global overseer, but as a pragmatic broker.

This shift isn’t Trump’s disruption; he inherited a broken landscape, his blunt pragmatism a bid to forge coherence from chaos, despite a demeanor that wins few allies.

Economist Jeffrey Sachs traces the rupture’s roots: the U.S. ignited Ukraine’s crisis by spurning Russia’s 2021 demand to halt NATO’s expansion, unraveling nuclear pacts like the ABM Treaty in 2002 and INF in 2019.

“They refused to negotiate,” he told Europe’s parliament, linking a million deaths to this misstep.

From Guardian to Broker: Trump’s Reckoning with a World in Fragments
From Guardian to Broker: Trump’s Reckoning with a World in Fragments. (Photo Internet reproduction)
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Russia’s 4.1% GDP growth in 2024, defying sanctions, exposed the old order’s frailty. Trump’s February 2025 peace talks with Putin in Riyadh—joined by Saudi Arabia—reflect not chaos, but a recalibration, analysts argue, as he steers a world already off its axis.

Redefining U.S. Foreign Policy Amid Global Fragmentation

This pivot redefines America’s stance. Once a pillar of alliances—committing $75 billion to Ukraine by 2024—Trump now prioritizes deals over dogma.

His February 13 tariffs, slapping 25% duties on Canadian steel, and his January 20 freeze of $10 billion in global aid signal a retreat from multilateralism, redirecting focus to China’s rise.

“The U.S. doesn’t want to lead,” experts observe, noting NATO’s strain despite Finland and Sweden’s 2023 entry. His coarse rhetoric—branding Zelensky a “dictator” online—jars, yet it’s his effort to navigate a fractured reality.

Europe flounders in this wake. Sachs warned, “You’re committing suicide,” as Germany’s 0.3% contraction in 2024 and lost Russian gas—40% of EU imports pre-2022—cripple the continent.

Leaders like Ursula von der Leyen cling to anti-Russian fervor, yet Trump sidesteps, leaving NATO’s 5% GDP demands unanswered. “They lack cohesion,” analysts say, as Europe’s elite chase a fading patron while Ukraine’s war bleeds on.

Beyond Europe, Saudi Arabia seizes the stage. With oil at 7 million barrels daily in 2024, Riyadh hosts U.S.-Russia talks, eyeing Middle East primacy amid a fragile Gaza ceasefire.

Nuclear tensions have heightened as U.S. missiles in Poland and Romania since 2016 provoked Russia. However, Trump’s détente seeks to ease a threat that the Doomsday Clock placed at 90 seconds to midnight in 2023.

Stock markets rose 3% in February on peace hopes, but the world now bends to new rules—not by Trump’s whim, but by the weight of a fractured past. Brash or not, he’s reshaping what was already undone.

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