The Brazilian market experienced a rally day on Monday (31). Among the main currencies, the real had the greatest appreciation. Foreigners led the soaring of the stock market and the fall of the dollar. With Lula’s victory, the expectation was for asset correction.
An American investor operating in Brazil warned early on: everything you need to know today: gringos love lula. The PT’s environmental agenda and foreign policy please the international market.
The fear is that Lula will interpret this move as a blank check for his government. Volatility does not give up easily. The truckers’ protest and Bolsonaro’s silence keep the alert on.
Today’s CNN Money also talks about the space for increased public spending. An exclusive study for Money shows that, with the IPCA lower this year, the slack in the spending ceiling has already lost R$ 25 billion for next year.
Presented by Thais Herédia and Priscila Yasbek, 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 Ligia Tuon
Source: CNN Brasil
