On Wall Street, the main ETF tracking the Mexican market, the MSCI iShares Mexico (EWW), also shows a decline of 0.5%.

The consecutive declines happen in a context in which the reforms presented by President Andrés Manuel López Obrador at the beginning of the month, addressing various issues, lack a feasible source of financing, and it is likely that some of them will have an impact on public finances.

“The reform initiatives could represent significant increases in spending pressures for the federal government, especially those related to increasing pensions for retirees, raising the minimum wage for teachers, police officers, and soldiers, and restructuring the functions of State Productive Enterprises,” organizations such as IMCO, México Evalúa, and México ¿Cómo Vamos? asserted in a joint analysis.