Two days before the second round of the elections, the economic agenda has agitated the campaigns of Luiz Inácio Lula da Silva (PT) and Jair Bolsonaro (PL), each in a nod to the portions of the population that still need to conquer — Lula towards the business community. ; Bolsonaro, to the poorest.
Last Thursday (27), the PT campaign published a letter to the market that made the Brazilian stock exchange behave curiously. Already moving up between 1.5% and 2%, the Ibovespa had a strong impulse shortly after the release of the letter, going to 3%. After twenty minutes, however, it returned to the previous trajectory and closed the day up 1.66%.
That’s because, as soon as the letter was published, investors expected a nod to the former president’s center, in addition to more details on proposals for the economy and the adoption of a tone that would appease market sentiments.
A more in-depth analysis of the statement, however, revealed that the content itself did not bring much news, leading the Exchange to the previous move.
On the other hand, Economy Minister Paulo Guedes addressed rumors that the Bolsonaro government, in a possible second term, would be considering deindexing the minimum wage and pensions from inflation, as a way of controlling public spending.
The possibility shook Bolsonaro’s campaign and, in response, Guedes has made efforts in recent days to deny the ministry’s leaked plans, discussed since the first year of the government.
In this Friday’s episode, the last business day before the decision at the polls, CNN Money focuses on how the market has received the economic agendas of each candidate in this final stretch.
Presented by Thais Herédia and Priscila Yazbek, CNN Money presents a balance of news issues that influence markets, finances and the direction of society and power dynamics in Brazil and worldwide.
*Posted by Tamara Nassif
Source: CNN Brasil
