IBOV 177,111.98 ▲ 2.18% IPSA 11,000.25 ▲ 0.42% IPC MEX 66,709.60 ▲ 0.88% MERVAL 3,367,917 ▲ 2.62% COLCAP 2,305.03 ▲ 0.16% BVL PERÚ 57,575.02 — — USD/BRL5.05▼ 0.43% USD/MXN17.39▼ 0.14% USD/CLP934.88▼ 0.09% USD/COP3,205▼ 1.57% USD/PEN3.40▲ 0.08% USD/ARS1,482▲ 0.30% USD/UYU40.14▲ 1.07% USD/PYG6,035▲ 1.50% USD/BOB10.95▲ 3.79% USD/DOP58.15▼ 0.09% USD/CRC447.42▲ 1.35% USD/GTQ7.62▲ 2.27% USD/HNL26.74▲ 1.52% USD/NIO36.62▲ 0.72% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.33▲ 0.25% USD/TTD6.71▲ 0.76% EUR/BRL5.76▼ 0.98% BRENT 93.84 ▲ 3.11% WTI 86.50 ▲ 1.87% IRON ORE 161.91 — — COPPER 6.49 ▼ 0.38% GOLD 4,137 ▲ 1.61% SILVER 60.00 ▲ 1.97% SOY 1,238 ▲ 1.54% CORN 484.25 ▲ 6.96% WHEAT 706.25 ▲ 4.17% COFFEE 318.05 ▼ 4.19% SUGAR 14.75 ▼ 0.87% ORANGE JUICE 147.50 ▲ 2.57% COTTON 81.36 ▲ 3.04% COCOA 5,353 ▼ 4.53% BEEF 219.20 ▼ 3.30% CATTLE 336.15 ▼ 3.83% LITHIUM 69.00 ▼ 0.12% PETR4 42.50 ▲ 2.02% VALE3 75.22 ▲ 4.13% ITUB4 42.91 ▲ 0.89% BBDC4 18.93 ▲ 2.05% ABEV3 16.06 ▲ 1.65% BBAS3 21.04 ▲ 0.77% B3SA3 15.85 ▲ 4.48% WEGE3 46.49 ▲ 9.47% PRIO3 59.93 ▲ 3.01% SUZB3 42.48 ▲ 2.04% RENT3 37.15 ▲ 1.64% AZZA3 17.70 ▲ 1.26% CSAN3 3.92 ▲ 3.70% RAIZ4 0.27 — 0.00% PCAR3 2.73 — 0.00% GMAT3 3.93 ▲ 2.61% PSSA3 55.46 ▲ 3.70% CVCB3 1.26 ▲ 12.50% POSI3 3.71 ▲ 0.82% SLCE3 13.89 ▲ 1.02% NATU3 8.73 ▲ 0.23% BRKM5 6.11 ▲ 7.01% RANI3 8.04 ▲ 1.90% CSNA3 5.40 ▲ 6.72% CMIN3 5.86 ▲ 5.02% USIM5 8.69 ▲ 2.72% GGBR4 24.00 ▲ 2.17% ENEV3 25.89 ▲ 1.85% CPFE3 46.48 ▲ 0.17% CMIG4 11.21 ▲ 1.72% EQTL3 39.53 ▲ 1.80% LREN3 13.47 ▲ 1.51% VIVT3 35.37 ▼ 1.20% RAIL3 13.56 ▲ 2.42% KLABIN 17.99 ▲ 2.27% RAIA DROGASIL 18.43 ▲ 1.65% RDOR3 34.54 ▲ 1.83% HAPV3 11.47 ▲ 2.05% FLRY3 16.67 ▲ 0.73% SMTO3 16.02 ▲ 2.82% UGPA3 32.80 ▲ 3.08% VBBR3 34.95 ▲ 2.95% BBSE3 42.69 ▲ 2.74% BPAC11 57.10 ▲ 3.12% CURY3 30.30 ▲ 1.17% AERI3 2.04 — 0.00% VIVARA 21.52 ▲ 0.51% COMPASS 25.02 ▲ 2.37% VAMOS 3.23 ▲ 4.53% SANB11 26.86 ▼ 1.29% ASAI3 8.39 ▲ 1.70% SBSP3 29.30 ▲ 2.45% WALMEX 48.51 ▼ 1.30% GMEXICO 215.02 ▲ 2.90% FEMSA 227.82 ▲ 0.48% CEMEX 22.18 ▲ 0.50% GFNORTE 191.67 ▲ 3.16% BIMBO 60.23 ▲ 1.41% TELEVISA 9.82 ▲ 0.61% AMX 22.68 ▼ 0.35% GAP 376.35 ▼ 0.57% ASUR 272.84 ▼ 0.77% OMA 228.91 ▲ 1.17% KOF 182.57 ▲ 1.16% GRUMA 279.68 ▼ 1.03% KIMBER 38.85 ▲ 1.17% SQM-B 65,170 ▲ 0.98% COPEC 6,547 ▲ 1.50% BSANTANDER 79.86 ▲ 1.08% FALABELLA 6,037 ▲ 1.99% ENELAM 84.28 ▼ 0.30% CENCOSUD 2,010 ▼ 0.89% CMPC 1,074 ▼ 0.91% BANCO CHILE 192.82 ▲ 1.48% LATAM AIR 24.01 ▼ 0.79% YPF 82,350 ▲ 2.14% GGAL 8,240 ▲ 3.45% PAMPA 5,620 ▲ 2.65% TXAR 669.50 ▼ 1.40% ALUAR 972.00 ▼ 0.10% TGS 9,850 ▲ 1.44% CEPU 2,415 ▲ 3.21% MIRGOR 16,950 ▲ 1.04% COME 43.30 ▲ 1.00% LOMA NEGRA 3,813 ▲ 5.76% BYMA 295.25 ▲ 1.03% TELECOM ARG 4,395 ▲ 3.29% ECOPETROL 16.69 ▲ 0.94% BANCOLOMBIA 84.92 ▲ 1.53% GRUPO AVAL 5.03 ▼ 1.18% CREDICORP 391.43 ▲ 0.08% SOUTHERN COPPER 195.45 ▲ 3.96% BUENAVENTURA 32.02 ▲ 2.46% MERCADOLIBRE 1,801 ▼ 1.19% NUBANK 14.50 ▲ 0.73% XP 17.26 ▲ 2.40% PAGSEGURO 9.71 ▲ 1.30% STONE 11.42 ▲ 1.42% GLOBANT 30.65 ▼ 4.52% TECNOGLASS 45.25 ▲ 0.22% GAP AIRPORT 217.03 ▼ 0.30% ASUR 272.84 ▼ 0.77% OMA AIRPORT 105.34 ▲ 1.07% AMX ADR 26.09 ▼ 0.02% FEMSA ADR 130.99 ▲ 0.49% CEMEX ADR 12.74 ▲ 0.32% PETROBRAS ADR 18.94 ▲ 2.13% VALE ADR 14.85 ▲ 4.21% ITAU ADR 8.49 ▲ 1.01% SANTANDER BR 5.45 ▲ 0.65% AMBEV ADR 3.15 ▲ 1.29% CSN 1.09 ▲ 8.50% GERDAU 4.77 ▲ 2.80% LATAM ADR 51.20 ▼ 0.72% BTC 65,797 ▼ 1.06% ETH 1,925 ▼ 0.17% SOL 77.72 ▼ 0.50% XRP 1.13 ▼ 0.71% BNB 569.99 ▼ 0.63% ADA 0.17 ▲ 0.43% DOGE 0.07 ▼ 1.04% AVAX 6.60 ▲ 0.59% LINK 8.65 ▼ 0.03% DOT 0.84 ▼ 0.57% LTC 47.10 ▲ 0.61% BCH 219.25 ▼ 1.99% TRX 0.33 ▼ 0.28% XLM 0.19 ▼ 2.65% HBAR 0.07 ▲ 2.91% NEAR 1.86 ▼ 4.04% ATOM 1.47 ▼ 1.22% AAVE 97.74 ▲ 2.27% SELIC 14.25% EMBRAER 83.90 ▲ 1.51% EMBRAER ADR 66.36 ▲ 1.36% JBS 12.25 ▲ 2.51% JBS BDR 61.80 ▲ 2.62% MBRF3 16.17 ▲ 7.02% MBRFY 3.18 ▲ 7.80% INTER 5.68 ▲ 1.70% EGX 53,932 ▼ 0.11% USD/ZAR16.39▼ 0.49% USD/NGN1,370▼ 0.55% NIKKEI 66,116 ▼ 0.18% CSI300 4,717 ▼ 0.46% HSI 24,893 ▼ 0.95% NIFTY 23,996 ▼ 0.79% KOSPI 6,798 ▲ 0.74% JCI 6,334 ▼ 0.09% USD/JPY 163.14 — 0.00% USD/CNY6.77▲ 0.09% DAX 25,155 ▲ 0.58% CAC 8,438 ▲ 0.89% FTSE 10,717 ▲ 1.24% MIB 52,792 ▲ 0.97% IBEX 19,571 ▲ 0.99% STOXX 646.93 ▲ 0.58% EUR/USD1.14▲ 0.15% GBP/USD1.34▼ 0.41% SPX 7,499 ▼ 0.14% DJI 52,219 ▼ 0.01% NDX 28,998 ▼ 0.54% RUT 2,957 ▼ 1.03% TSX 35,484 ▲ 0.33% VIX 16.87 ▼ 1.06% USD/CAD1.41▼ 0.18% US10Y 4.6570 ▲ 0.63% IBOV 177,111.98 ▲ 2.18% IPSA 11,000.25 ▲ 0.42% IPC MEX 66,709.60 ▲ 0.88% MERVAL 3,367,917 ▲ 2.62% COLCAP 2,305.03 ▲ 0.16% BVL PERÚ 57,575.02 — — USD/BRL 5.05 ▼ 0.43% USD/MXN 17.39 ▼ 0.14% USD/CLP 934.88 ▼ 0.09% USD/COP 3,205 ▼ 1.57% USD/PEN 3.40 ▲ 0.08% USD/ARS 1,482 ▲ 0.30% USD/UYU 40.14 ▲ 1.07% USD/PYG 6,035 ▲ 1.50% USD/BOB 10.95 ▲ 3.79% USD/DOP 58.15 ▼ 0.09% USD/CRC 447.42 ▲ 1.35% USD/GTQ 7.62 ▲ 2.27% USD/HNL 26.74 ▲ 1.52% USD/NIO 36.62 ▲ 0.72% USD/VES 735.39 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.33 ▲ 0.25% USD/TTD 6.71 ▲ 0.76% EUR/BRL 5.76 ▼ 0.98% BRENT 93.84 ▲ 3.11% WTI 86.50 ▲ 1.87% IRON ORE 161.91 — — COPPER 6.49 ▼ 0.38% GOLD 4,137 ▲ 1.61% SILVER 60.00 ▲ 1.97% SOY 1,238 ▲ 1.54% CORN 484.25 ▲ 6.96% WHEAT 706.25 ▲ 4.17% COFFEE 318.05 ▼ 4.19% SUGAR 14.75 ▼ 0.87% ORANGE JUICE 147.50 ▲ 2.57% COTTON 81.36 ▲ 3.04% COCOA 5,353 ▼ 4.53% BEEF 219.20 ▼ 3.30% CATTLE 336.15 ▼ 3.83% LITHIUM 69.00 ▼ 0.12% PETR4 42.50 ▲ 2.02% VALE3 75.22 ▲ 4.13% ITUB4 42.91 ▲ 0.89% BBDC4 18.93 ▲ 2.05% ABEV3 16.06 ▲ 1.65% BBAS3 21.04 ▲ 0.77% B3SA3 15.85 ▲ 4.48% WEGE3 46.49 ▲ 9.47% PRIO3 59.93 ▲ 3.01% SUZB3 42.48 ▲ 2.04% RENT3 37.15 ▲ 1.64% AZZA3 17.70 ▲ 1.26% CSAN3 3.92 ▲ 3.70% RAIZ4 0.27 — 0.00% PCAR3 2.73 — 0.00% GMAT3 3.93 ▲ 2.61% PSSA3 55.46 ▲ 3.70% CVCB3 1.26 ▲ 12.50% POSI3 3.71 ▲ 0.82% SLCE3 13.89 ▲ 1.02% NATU3 8.73 ▲ 0.23% BRKM5 6.11 ▲ 7.01% RANI3 8.04 ▲ 1.90% CSNA3 5.40 ▲ 6.72% CMIN3 5.86 ▲ 5.02% USIM5 8.69 ▲ 2.72% GGBR4 24.00 ▲ 2.17% ENEV3 25.89 ▲ 1.85% CPFE3 46.48 ▲ 0.17% CMIG4 11.21 ▲ 1.72% EQTL3 39.53 ▲ 1.80% LREN3 13.47 ▲ 1.51% VIVT3 35.37 ▼ 1.20% RAIL3 13.56 ▲ 2.42% KLABIN 17.99 ▲ 2.27% RAIA DROGASIL 18.43 ▲ 1.65% RDOR3 34.54 ▲ 1.83% HAPV3 11.47 ▲ 2.05% FLRY3 16.67 ▲ 0.73% SMTO3 16.02 ▲ 2.82% UGPA3 32.80 ▲ 3.08% VBBR3 34.95 ▲ 2.95% BBSE3 42.69 ▲ 2.74% BPAC11 57.10 ▲ 3.12% CURY3 30.30 ▲ 1.17% AERI3 2.04 — 0.00% VIVARA 21.52 ▲ 0.51% COMPASS 25.02 ▲ 2.37% VAMOS 3.23 ▲ 4.53% SANB11 26.86 ▼ 1.29% ASAI3 8.39 ▲ 1.70% SBSP3 29.30 ▲ 2.45% WALMEX 48.51 ▼ 1.30% GMEXICO 215.02 ▲ 2.90% FEMSA 227.82 ▲ 0.48% CEMEX 22.18 ▲ 0.50% GFNORTE 191.67 ▲ 3.16% BIMBO 60.23 ▲ 1.41% TELEVISA 9.82 ▲ 0.61% AMX 22.68 ▼ 0.35% GAP 376.35 ▼ 0.57% ASUR 272.84 ▼ 0.77% OMA 228.91 ▲ 1.17% KOF 182.57 ▲ 1.16% GRUMA 279.68 ▼ 1.03% KIMBER 38.85 ▲ 1.17% SQM-B 65,170 ▲ 0.98% COPEC 6,547 ▲ 1.50% BSANTANDER 79.86 ▲ 1.08% FALABELLA 6,037 ▲ 1.99% ENELAM 84.28 ▼ 0.30% CENCOSUD 2,010 ▼ 0.89% CMPC 1,074 ▼ 0.91% BANCO CHILE 192.82 ▲ 1.48% LATAM AIR 24.01 ▼ 0.79% YPF 82,350 ▲ 2.14% GGAL 8,240 ▲ 3.45% PAMPA 5,620 ▲ 2.65% TXAR 669.50 ▼ 1.40% ALUAR 972.00 ▼ 0.10% TGS 9,850 ▲ 1.44% CEPU 2,415 ▲ 3.21% MIRGOR 16,950 ▲ 1.04% COME 43.30 ▲ 1.00% LOMA NEGRA 3,813 ▲ 5.76% BYMA 295.25 ▲ 1.03% TELECOM ARG 4,395 ▲ 3.29% ECOPETROL 16.69 ▲ 0.94% BANCOLOMBIA 84.92 ▲ 1.53% GRUPO AVAL 5.03 ▼ 1.18% CREDICORP 391.43 ▲ 0.08% SOUTHERN COPPER 195.45 ▲ 3.96% BUENAVENTURA 32.02 ▲ 2.46% MERCADOLIBRE 1,801 ▼ 1.19% NUBANK 14.50 ▲ 0.73% XP 17.26 ▲ 2.40% PAGSEGURO 9.71 ▲ 1.30% STONE 11.42 ▲ 1.42% GLOBANT 30.65 ▼ 4.52% TECNOGLASS 45.25 ▲ 0.22% GAP AIRPORT 217.03 ▼ 0.30% ASUR 272.84 ▼ 0.77% OMA AIRPORT 105.34 ▲ 1.07% AMX ADR 26.09 ▼ 0.02% FEMSA ADR 130.99 ▲ 0.49% CEMEX ADR 12.74 ▲ 0.32% PETROBRAS ADR 18.94 ▲ 2.13% VALE ADR 14.85 ▲ 4.21% ITAU ADR 8.49 ▲ 1.01% SANTANDER BR 5.45 ▲ 0.65% AMBEV ADR 3.15 ▲ 1.29% CSN 1.09 ▲ 8.50% GERDAU 4.77 ▲ 2.80% LATAM ADR 51.20 ▼ 0.72% BTC 65,797 ▼ 1.06% ETH 1,925 ▼ 0.17% SOL 77.72 ▼ 0.50% XRP 1.13 ▼ 0.71% BNB 569.99 ▼ 0.63% ADA 0.17 ▲ 0.43% DOGE 0.07 ▼ 1.04% AVAX 6.60 ▲ 0.59% LINK 8.65 ▼ 0.03% DOT 0.84 ▼ 0.57% LTC 47.10 ▲ 0.61% BCH 219.25 ▼ 1.99% TRX 0.33 ▼ 0.28% XLM 0.19 ▼ 2.65% HBAR 0.07 ▲ 2.91% NEAR 1.86 ▼ 4.04% ATOM 1.47 ▼ 1.22% AAVE 97.74 ▲ 2.27% SELIC 14.25% EMBRAER 83.90 ▲ 1.51% EMBRAER ADR 66.36 ▲ 1.36% JBS 12.25 ▲ 2.51% JBS BDR 61.80 ▲ 2.62% MBRF3 16.17 ▲ 7.02% MBRFY 3.18 ▲ 7.80% INTER 5.68 ▲ 1.70% EGX 53,932 ▼ 0.11% USD/ZAR 16.39 ▼ 0.40% USD/NGN 1,370 ▼ 0.45% NIKKEI 66,116 ▼ 0.18% CSI300 4,717 ▼ 0.46% HSI 24,893 ▼ 0.95% NIFTY 23,996 ▼ 0.79% KOSPI 6,798 ▲ 0.74% JCI 6,334 ▼ 0.09% USD/JPY 163.14 — 0.00% USD/CNY 6.7725 ▲ 0.23% DAX 25,155 ▲ 0.58% CAC 8,438 ▲ 0.89% FTSE 10,717 ▲ 1.24% MIB 52,792 ▲ 0.97% IBEX 19,571 ▲ 0.99% STOXX 646.93 ▲ 0.58% EUR/USD 1.1414 ▲ 0.09% GBP/USD 1.3374 ▼ 0.04% SPX 7,499 ▼ 0.14% DJI 52,219 ▼ 0.01% NDX 28,998 ▼ 0.54% RUT 2,957 ▼ 1.03% TSX 35,484 ▲ 0.33% VIX 16.87 ▼ 1.06% USD/CAD 1.4084 ▼ 0.16% US10Y 4.6570 ▲ 0.63%
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Wednesday, July 22, 2026

The Unexpectedly Moderate Reign of Italy’s Giorgia Meloni

By · October 21, 2023 · 2 min read

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A year ago, Giorgia Meloni became Italy’s Prime Minister, with many anticipating her to introduce radical changes.

Though she led a right-wing party widely branded as far-right and ultra-extreme, her actions have been moderate.

When the world labels someone as “far-right,” it often reflects misrepresentation rather than reality, bordering on propaganda.

At the start, mainstream analysts predicted a shift to radical policies. Instead, Meloni chose a balanced foreign policy.

She has worked well with the European Union. She also found common ground with most EU nations, even when disagreements arose.

For example, France and Germany disagreed with Italy on handling North African migrants. Despite this, she maintained a working relationship with both countries.

The Unexpectedly Moderate Reign of Italy's Giorgia Meloni. (Photo Internet reproduction)
The Unexpectedly Moderate Reign of Italy’s Giorgia Meloni. (Photo Internet reproduction)
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She also supports Ukraine against Russia’s aggression. U.S. President Joe Biden praised her for this stance.

Meloni aims to exit China’s Belt and Road Initiative soon. Italy was the only G7 country to join in 2019. This shows a move away from China’s influence.

Supports Traditional Family Values

On domestic issues, she has lowered taxes. She also supports traditional family values. As a result, her party, Brothers of Italy, holds a 28% approval rating.

Luigi Scazzieri, a researcher, notes her success in balancing her past radical image with a moderate present.

Brothers of Italy was a small party until recently. It gained 26% of votes in the 2022 elections.

Meloni’s government partners with Matteo Salvini’s League party and the conservative Forza Italia.

The government has made some controversial choices. For instance, it doesn’t allow local authorities to recognize children of same-sex couples.

This reflects Meloni’s stance on traditional family structures.

On the economic front, growth has slowed down. Italy now predicts a GDP growth of just 0.8% for 2023 and 1.2% for 2024. The public deficit is also expected to go up.

Regarding immigration, more migrants have arrived despite efforts to curb this trend. Numbers are up 85% compared to last year.

Meloni made agreements to limit migration from Tunisia and manage asylum requests. Yet, immigration still concerns many voters.

As the 2024 European elections approach, Meloni faces a choice. She must prove her moderate approach works. Otherwise, she might need to adopt a tougher stance.

 

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