This Monday (26) opens the last week before the result of the first round of elections. The great reading, now, is that today’s electoral period contradicts a history of nervousness and excessive uncertainties expected for that time.
The political picture remains stable, especially among the main names running for the presidency: former president Luís Inácio Lula da Silva (PT) remains in the lead, followed by reelection candidate Jair Bolsonaro (PL).
Among businessmen and financial market managers, the dispute is not being priced, unlike what happened in other years, because the greatest risks to the economy do not threaten the country in the short and medium term.
The week also has many indicators in the country, including the IPCA-15, unemployment data from Caged and Pnad Contínua, Copom minutes and the Quarterly Inflation Report — the last two by the Central Bank (BC).
What makes the hair market stand on end comes from outside, more specifically from the breakdown of European economies.
The last week ended with pessimism dominating global stock markets, due to widespread increases in interest rates. On Friday, the UK announced a long-awaited anti-inflation package, which details an unprecedented tax cut, financed by government borrowing.
The market reacted badly, and this Monday, the message has been on the pound sterling, which fell to record lows and reached US$ 1.03 in the worst moment of this morning.
Italy is another on the radar. The choice of Prime Minister Giorgia Meloni, considered the most right-wing leader in the country since Benito Mussolini, is worrying, as it is not known whether the prime minister’s economic management will be responsible and how far the radical discourse will be able to advance in the country.
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
