Google searches indicate that Andres Manuel Lopez Obrador might be losing support in his bid to become Mexico’s next president, according to strategists at Citigroup Inc.
The number of times Mexicans typed the frontrunner’s name into the search engine has started to decline this month, a development that could indicate his lead in the polls will fade leading up to the July 1 ballot, according to the bank’s analysts. Searches for second-place candidate Ricardo Anaya have been on the rise, they said.
The election is of critical importance to investors concerned that Lopez Obrador, who is often painted as a left-wing firebrand, will roll back the opening of Mexico’s energy industry along with other efforts to liberalize the economy. He’s led most polls since October, weighing on stocks and the currency.