HALISTER1: Brazil Assets Benefit From Rising Impeachment Odds: Jive Asset

Brazil Assets Benefit From Rising Impeachment Odds: Jive Asset

(Bloomberg) -- BRL and Brazil stocks rise, swap rates drop, reflecting view of increasing likelihood of an impeachment of President Rousseff, Leonardo Monoli, director at investment firm Jive, says in a phone interview.
  • Lula assuming ministry revived protests, which have also gained strength amid the release of a phone tap of talks between Lula and Rousseff
    • The “worsening political crisis does not frighten the market since the odds of impeachment increase”
    • Shows importance of having a new government capable of approving reforms
    • Should Supreme Court decide Lula can’t take helm as minister due to pending investigations, the rally may accelerate
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Leonardo Monoli (Jive Asset Gestao de Recursos Ltda)

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