IBOV 176,501.85 ▼ 0.59% IPSA 10,959.17 ▼ 0.45% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,356,435 ▼ 0.69% COLCAP 2,313.99 ▲ 0.74% BVL PERÚ 57,575.02 — — USD/BRL5.08▲ 0.54% USD/MXN17.50▲ 0.63% USD/CLP946.81▲ 1.20% USD/COP3,207▼ 0.65% USD/PEN3.39▼ 0.24% USD/ARS1,490▲ 0.50% USD/UYU40.14▲ 1.16% USD/PYG6,025▲ 1.20% USD/BOB11.03▲ 3.57% USD/DOP57.94▼ 0.10% USD/CRC451.03▲ 2.18% USD/GTQ7.62▲ 2.29% USD/HNL26.74▲ 0.88% USD/NIO36.62▲ 0.31% USD/VES736.04▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 0.48% USD/TTD6.73▲ 1.11% EUR/BRL5.78▼ 0.25% BRENT 100.75 ▲ 7.10% WTI 92.43 ▲ 6.45% IRON ORE 161.91 — — COPPER 6.34 ▼ 1.74% GOLD 4,052 ▼ 2.29% SILVER 57.92 ▼ 3.51% SOY 1,245 ▲ 0.99% CORN 487.75 ▲ 5.57% WHEAT 700.00 ▼ 0.81% COFFEE 309.70 ▼ 2.19% SUGAR 14.69 ▼ 0.34% ORANGE JUICE 145.80 ▼ 2.99% COTTON 81.53 ▲ 2.08% COCOA 5,325 ▼ 0.06% BEEF 220.93 ▼ 1.02% CATTLE 339.85 ▼ 0.39% LITHIUM 69.15 ▲ 0.22% PETR4 43.16 ▲ 1.36% VALE3 76.16 ▲ 1.41% ITUB4 42.35 ▼ 1.28% BBDC4 18.76 ▼ 1.11% ABEV3 15.90 ▼ 1.43% BBAS3 20.83 ▼ 1.23% B3SA3 15.59 ▼ 1.95% WEGE3 45.04 ▼ 3.64% PRIO3 61.16 ▲ 2.33% SUZB3 42.04 ▼ 1.45% RENT3 36.99 ▼ 0.40% AZZA3 17.55 ▼ 1.46% CSAN3 3.92 — 0.00% RAIZ4 0.27 — 0.00% PCAR3 2.85 ▲ 3.64% GMAT3 3.90 ▼ 0.26% PSSA3 55.19 ▼ 0.47% CVCB3 1.27 — 0.00% POSI3 3.67 ▼ 0.81% SLCE3 13.87 ▼ 0.64% NATU3 8.60 ▼ 0.92% BRKM5 6.15 ▲ 1.32% RANI3 7.94 ▼ 0.75% CSNA3 5.39 ▲ 0.19% CMIN3 5.73 ▼ 1.88% USIM5 8.58 ▼ 0.81% GGBR4 24.17 ▲ 0.46% ENEV3 25.56 ▼ 1.58% CPFE3 46.05 ▼ 1.41% CMIG4 11.15 ▼ 0.54% EQTL3 38.78 ▼ 1.45% LREN3 13.30 ▼ 1.77% VIVT3 34.67 ▼ 2.01% RAIL3 13.98 ▲ 2.49% KLABIN 17.60 ▼ 1.84% RAIA DROGASIL 18.38 ▲ 0.49% RDOR3 33.89 ▼ 1.74% HAPV3 10.91 ▼ 4.21% FLRY3 16.59 ▼ 0.36% SMTO3 16.10 ▲ 0.31% UGPA3 32.95 ▲ 0.37% VBBR3 35.16 ▲ 0.51% BBSE3 42.44 ▼ 0.33% BPAC11 56.13 ▼ 1.56% CURY3 29.60 ▼ 1.99% AERI3 2.04 ▼ 0.49% VIVARA 21.58 ▲ 0.14% COMPASS 24.94 ▲ 0.52% VAMOS 3.19 ▼ 1.24% SANB11 26.68 ▼ 1.00% ASAI3 8.14 ▼ 3.10% SBSP3 28.83 ▼ 1.57% WALMEX 47.09 ▼ 3.21% GMEXICO 211.44 ▼ 1.66% FEMSA 223.85 ▼ 1.71% CEMEX 21.71 ▼ 2.07% GFNORTE 190.95 ▼ 0.35% BIMBO 59.76 ▼ 0.90% TELEVISA 9.91 ▲ 0.92% AMX 22.83 ▲ 0.62% GAP 377.72 ▲ 0.26% ASUR 270.78 ▼ 1.01% OMA 227.92 ▼ 0.34% KOF 180.50 ▼ 1.18% GRUMA 273.28 ▼ 2.56% KIMBER 38.99 ▲ 0.44% SQM-B 66,370 ▲ 2.02% COPEC 6,438 ▼ 1.71% BSANTANDER 79.79 ▼ 0.08% FALABELLA 6,054 ▲ 0.21% ENELAM 84.53 — 0.00% CENCOSUD 1,980 ▼ 1.48% CMPC 1,060 ▼ 0.93% BANCO CHILE 192.00 ▼ 0.78% LATAM AIR 23.59 ▼ 2.08% YPF 83,400 ▲ 1.09% GGAL 8,100 ▼ 2.11% PAMPA 5,695 ▲ 1.24% TXAR 674.50 ▲ 0.97% ALUAR 977.50 ▲ 0.36% TGS 10,080 ▲ 1.77% CEPU 2,431 ▲ 0.83% MIRGOR 16,700 ▼ 1.33% COME 43.12 ▼ 0.05% LOMA NEGRA 3,828 ▲ 0.46% BYMA 294.75 ▼ 0.25% TELECOM ARG 4,300 ▼ 2.71% ECOPETROL 16.74 ▲ 0.30% BANCOLOMBIA 86.20 ▲ 1.82% GRUPO AVAL 4.89 ▼ 2.98% CREDICORP 390.10 ▼ 0.91% SOUTHERN COPPER 186.14 ▼ 4.78% BUENAVENTURA 31.18 ▼ 2.84% MERCADOLIBRE 1,793 ▼ 0.36% NUBANK 14.24 ▼ 1.83% XP 17.07 ▼ 1.36% PAGSEGURO 9.38 ▼ 3.00% STONE 10.98 ▼ 3.39% GLOBANT 30.12 ▼ 1.81% TECNOGLASS 44.20 ▼ 2.26% GAP AIRPORT 215.88 ▼ 0.76% ASUR 270.78 ▼ 1.01% OMA AIRPORT 104.24 ▼ 1.06% AMX ADR 26.02 ▼ 0.38% FEMSA ADR 127.86 ▼ 2.34% CEMEX ADR 12.37 ▼ 2.75% PETROBRAS ADR 19.18 ▲ 1.53% VALE ADR 14.95 ▲ 0.64% ITAU ADR 8.33 ▼ 1.83% SANTANDER BR 5.35 ▼ 1.83% AMBEV ADR 3.10 ▼ 1.43% CSN 1.09 ▼ 0.46% GERDAU 4.76 ▼ 0.31% LATAM ADR 49.82 ▼ 2.81% BTC 64,679 ▼ 2.15% ETH 1,885 ▼ 2.51% SOL 75.91 ▼ 2.56% XRP 1.11 ▼ 3.01% BNB 566.35 ▼ 0.77% ADA 0.17 ▼ 2.87% DOGE 0.07 ▼ 4.65% AVAX 6.43 ▼ 2.83% LINK 8.47 ▼ 1.73% DOT 0.81 ▼ 2.90% LTC 46.48 ▼ 1.26% BCH 212.45 ▼ 3.42% TRX 0.33 ▼ 0.74% XLM 0.18 ▼ 2.61% HBAR 0.07 ▼ 0.66% NEAR 1.88 ▲ 0.59% ATOM 1.43 ▼ 2.36% AAVE 95.95 ▼ 1.44% SELIC 14.25% EMBRAER 83.32 ▼ 0.56% EMBRAER ADR 65.57 ▼ 0.73% JBS 12.05 ▼ 1.67% JBS BDR 61.20 ▼ 0.97% MBRF3 15.93 ▼ 0.62% MBRFY 3.10 ▼ 2.82% INTER 5.47 ▼ 3.87% EGX 53,932 ▼ 0.11% USD/ZAR16.79▲ 2.41% USD/NGN1,366▼ 0.48% NIKKEI 66,423 ▲ 0.46% CSI300 4,728 ▲ 0.23% HSI 25,211 ▲ 1.28% NIFTY 23,870 ▼ 0.53% KOSPI 7,097 ▲ 4.40% JCI 6,315 ▼ 0.30% USD/JPY163.77▲ 0.38% USD/CNY6.77▼ 0.10% DAX 24,763 ▼ 1.56% CAC 8,299 ▼ 1.64% FTSE 10,639 ▼ 0.73% MIB 51,316 ▼ 2.80% IBEX 19,267 ▼ 1.55% STOXX 639.27 ▼ 1.18% EUR/USD1.14▼ 0.25% GBP/USD1.33▼ 0.41% SPX 7,411 ▼ 1.18% DJI 51,741 ▼ 0.91% NDX 28,473 ▼ 1.81% RUT 2,938 ▼ 0.76% TSX 35,188 ▼ 0.84% VIX 19.09 ▲ 14.72% USD/CAD1.41▼ 0.09% US10Y 4.6950 ▲ 0.82% IBOV 176,501.85 ▼ 0.59% IPSA 10,959.17 ▼ 0.45% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,356,435 ▼ 0.69% COLCAP 2,313.99 ▲ 0.74% BVL PERÚ 57,575.02 — — USD/BRL 5.08 ▲ 0.54% USD/MXN 17.50 ▲ 0.63% USD/CLP 946.76 ▲ 1.19% USD/COP 3,207 ▼ 0.65% USD/PEN 3.39 ▼ 0.24% USD/ARS 1,490 ▲ 0.50% USD/UYU 40.14 ▲ 1.16% USD/PYG 6,025 ▲ 1.20% USD/BOB 11.03 ▲ 3.57% USD/DOP 57.95 ▼ 0.09% USD/CRC 451.03 ▲ 2.18% USD/GTQ 7.62 ▲ 2.29% USD/HNL 26.74 ▲ 0.88% USD/NIO 36.62 ▲ 0.31% USD/VES 736.04 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 0.48% USD/TTD 6.73 ▲ 1.11% EUR/BRL 5.78 ▼ 0.25% BRENT 100.75 ▲ 7.10% WTI 92.43 ▲ 6.45% IRON ORE 161.91 — — COPPER 6.34 ▼ 1.74% GOLD 4,052 ▼ 2.29% SILVER 57.92 ▼ 3.51% SOY 1,245 ▲ 0.99% CORN 487.75 ▲ 5.57% WHEAT 700.00 ▼ 0.81% COFFEE 309.70 ▼ 2.19% SUGAR 14.69 ▼ 0.34% ORANGE JUICE 145.80 ▼ 2.99% COTTON 81.53 ▲ 2.08% COCOA 5,325 ▼ 0.06% BEEF 220.93 ▼ 1.02% CATTLE 339.85 ▼ 0.39% LITHIUM 69.15 ▲ 0.22% PETR4 43.16 ▲ 1.36% VALE3 76.16 ▲ 1.41% ITUB4 42.35 ▼ 1.28% BBDC4 18.76 ▼ 1.11% ABEV3 15.90 ▼ 1.43% BBAS3 20.83 ▼ 1.23% B3SA3 15.59 ▼ 1.95% WEGE3 45.04 ▼ 3.64% PRIO3 61.16 ▲ 2.33% SUZB3 42.04 ▼ 1.45% RENT3 36.99 ▼ 0.40% AZZA3 17.55 ▼ 1.46% CSAN3 3.92 — 0.00% RAIZ4 0.27 — 0.00% PCAR3 2.85 ▲ 3.64% GMAT3 3.90 ▼ 0.26% PSSA3 55.19 ▼ 0.47% CVCB3 1.27 — 0.00% POSI3 3.67 ▼ 0.81% SLCE3 13.87 ▼ 0.64% NATU3 8.60 ▼ 0.92% BRKM5 6.15 ▲ 1.32% RANI3 7.94 ▼ 0.75% CSNA3 5.39 ▲ 0.19% CMIN3 5.73 ▼ 1.88% USIM5 8.58 ▼ 0.81% GGBR4 24.17 ▲ 0.46% ENEV3 25.56 ▼ 1.58% CPFE3 46.05 ▼ 1.41% CMIG4 11.15 ▼ 0.54% EQTL3 38.78 ▼ 1.45% LREN3 13.30 ▼ 1.77% VIVT3 34.67 ▼ 2.01% RAIL3 13.98 ▲ 2.49% KLABIN 17.60 ▼ 1.84% RAIA DROGASIL 18.38 ▲ 0.49% RDOR3 33.89 ▼ 1.74% HAPV3 10.91 ▼ 4.21% FLRY3 16.59 ▼ 0.36% SMTO3 16.10 ▲ 0.31% UGPA3 32.95 ▲ 0.37% VBBR3 35.16 ▲ 0.51% BBSE3 42.44 ▼ 0.33% BPAC11 56.13 ▼ 1.56% CURY3 29.60 ▼ 1.99% AERI3 2.04 ▼ 0.49% VIVARA 21.58 ▲ 0.14% COMPASS 24.94 ▲ 0.52% VAMOS 3.19 ▼ 1.24% SANB11 26.68 ▼ 1.00% ASAI3 8.14 ▼ 3.10% SBSP3 28.83 ▼ 1.57% WALMEX 47.09 ▼ 3.21% GMEXICO 211.44 ▼ 1.66% FEMSA 223.85 ▼ 1.71% CEMEX 21.71 ▼ 2.07% GFNORTE 190.95 ▼ 0.35% BIMBO 59.76 ▼ 0.90% TELEVISA 9.91 ▲ 0.92% AMX 22.83 ▲ 0.62% GAP 377.72 ▲ 0.26% ASUR 270.78 ▼ 1.01% OMA 227.92 ▼ 0.34% KOF 180.50 ▼ 1.18% GRUMA 273.28 ▼ 2.56% KIMBER 38.99 ▲ 0.44% SQM-B 66,370 ▲ 2.02% COPEC 6,438 ▼ 1.71% BSANTANDER 79.79 ▼ 0.08% FALABELLA 6,054 ▲ 0.21% ENELAM 84.53 — 0.00% CENCOSUD 1,980 ▼ 1.48% CMPC 1,060 ▼ 0.93% BANCO CHILE 192.00 ▼ 0.78% LATAM AIR 23.59 ▼ 2.08% YPF 83,400 ▲ 1.09% GGAL 8,100 ▼ 2.11% PAMPA 5,695 ▲ 1.24% TXAR 674.50 ▲ 0.97% ALUAR 977.50 ▲ 0.36% TGS 10,080 ▲ 1.77% CEPU 2,431 ▲ 0.83% MIRGOR 16,700 ▼ 1.33% COME 43.12 ▼ 0.05% LOMA NEGRA 3,828 ▲ 0.46% BYMA 294.75 ▼ 0.25% TELECOM ARG 4,300 ▼ 2.71% ECOPETROL 16.74 ▲ 0.30% BANCOLOMBIA 86.20 ▲ 1.82% GRUPO AVAL 4.89 ▼ 2.98% CREDICORP 390.10 ▼ 0.91% SOUTHERN COPPER 186.14 ▼ 4.78% BUENAVENTURA 31.18 ▼ 2.84% MERCADOLIBRE 1,793 ▼ 0.36% NUBANK 14.24 ▼ 1.83% XP 17.07 ▼ 1.36% PAGSEGURO 9.38 ▼ 3.00% STONE 10.98 ▼ 3.39% GLOBANT 30.12 ▼ 1.81% TECNOGLASS 44.20 ▼ 2.26% GAP AIRPORT 215.88 ▼ 0.76% ASUR 270.78 ▼ 1.01% OMA AIRPORT 104.24 ▼ 1.06% AMX ADR 26.02 ▼ 0.38% FEMSA ADR 127.86 ▼ 2.34% CEMEX ADR 12.37 ▼ 2.75% PETROBRAS ADR 19.18 ▲ 1.53% VALE ADR 14.95 ▲ 0.64% ITAU ADR 8.33 ▼ 1.83% SANTANDER BR 5.35 ▼ 1.83% AMBEV ADR 3.10 ▼ 1.43% CSN 1.09 ▼ 0.46% GERDAU 4.76 ▼ 0.31% LATAM ADR 49.82 ▼ 2.81% BTC 64,679 ▼ 2.15% ETH 1,885 ▼ 2.51% SOL 75.91 ▼ 2.56% XRP 1.11 ▼ 3.01% BNB 566.35 ▼ 0.77% ADA 0.17 ▼ 2.87% DOGE 0.07 ▼ 4.65% AVAX 6.43 ▼ 2.83% LINK 8.47 ▼ 1.73% DOT 0.81 ▼ 2.90% LTC 46.48 ▼ 1.26% BCH 212.45 ▼ 3.42% TRX 0.33 ▼ 0.74% XLM 0.18 ▼ 2.61% HBAR 0.07 ▼ 0.66% NEAR 1.88 ▲ 0.59% ATOM 1.43 ▼ 2.36% AAVE 95.95 ▼ 1.44% SELIC 14.25% EMBRAER 83.32 ▼ 0.56% EMBRAER ADR 65.57 ▼ 0.73% JBS 12.05 ▼ 1.67% JBS BDR 61.20 ▼ 0.97% MBRF3 15.93 ▼ 0.62% MBRFY 3.10 ▼ 2.82% INTER 5.47 ▼ 3.87% EGX 53,932 ▼ 0.11% USD/ZAR 16.79 ▲ 2.31% USD/NGN 1,366 ▼ 0.27% NIKKEI 66,423 ▲ 0.46% CSI300 4,728 ▲ 0.23% HSI 25,211 ▲ 1.28% NIFTY 23,870 ▼ 0.53% KOSPI 7,097 ▲ 4.40% JCI 6,315 ▼ 0.30% USD/JPY 163.76 ▲ 0.41% USD/CNY 6.7658 ▲ 0.03% DAX 24,763 ▼ 1.56% CAC 8,299 ▼ 1.64% FTSE 10,639 ▼ 0.73% MIB 51,316 ▼ 2.80% IBEX 19,267 ▼ 1.55% STOXX 639.27 ▼ 1.18% EUR/USD 1.1383 ▼ 0.23% GBP/USD 1.3324 ▼ 0.39% SPX 7,411 ▼ 1.18% DJI 51,741 ▼ 0.91% NDX 28,473 ▼ 1.81% RUT 2,938 ▼ 0.76% TSX 35,188 ▼ 0.84% VIX 19.09 ▲ 14.72% USD/CAD 1.4077 ▼ 0.04% US10Y 4.6950 ▲ 0.82%
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Thursday, July 23, 2026

Latin America Mexico

Mexico’s Sheinbaum Turns Soaring Approval Into a Test of Power: Welfare Gains, Security Puzzles

By · October 1, 2025 · 2 min read

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Mexico’s first female president ends year one with about 78 percent approval—higher than Andrés Manuel López Obrador at the same point and among the strongest early tallies for any Mexican leader in two decades.

That headline number explains the mood in Mexico City: voters feel the government in their wallets. The engine is continuity. Sheinbaum kept and expanded the social supports that built Morena’s coalition—pensions for seniors, scholarships and stipends for youths, and targeted aid for low-income families and rural producers.

For millions, those payments arrive every month and make life a little more predictable. That is the story. The story behind the story is a tension between statistics and lived experience.

Official data show homicides down roughly 32 percent nationwide since the administration began, with especially steep falls reported in Guanajuato and Nuevo León. Yet when Mexicans are asked what worries them most, crime and drug trafficking still top the list.

People are not wrong: a national curve can bend even as neighborhoods feel uneven progress. Bridging that gap is year two’s central test.

Mexico’s Sheinbaum Turns Soaring Approval Into a Test of Power: Welfare Gains, Security Puzzles. (Photo Internet reproduction)
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Sheinbaum Faces Test on Security, Customs, and Trade

Politics adds pressure. The government is pushing a customs crackdown to curb large-scale tax evasion and fuel smuggling—an issue measured in tens of billions of pesos a year.

Success would help fund social programs without new taxes; failure would hand ammunition to critics. Meanwhile, the detention abroad of a former Tabasco police chief on organized-crime allegations, and scrutiny of figures around Morena, keep corruption fears alive.

Two cabinet names matter to watch from abroad. Security secretary Omar García Harfuch is the face of the new policing strategy. Economy secretary Marcelo Ebrard steers the coming review of North America’s trade deal—vital for factories from Monterrey to Michigan.

Why this matters to readers outside Mexico is simple. A popular president with fiscal room and security momentum can stabilize the region’s second-largest economy and a key U.S. trade partner.

Whether Sheinbaum turns early goodwill into durable gains—safer streets, cleaner customs, steady growth—will shape supply chains, migration flows, and politics on both sides of the border.

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