Halister News

(Bloomberg) -- Brazil assets reflect view that country’s situation is still uncertain, despite acting President Temer’s pledges to embrace reforms, Pablo Spyer, director at Mirae Asset Wealth Management, says in a phone interview.

• Government should start approval of reforms for market expectations to improve further
  • Political scenario brings some uncertainty amid reports of recordings of politicians’ comments; expectations of more plea bargains by people accused of corruption in Carwash probe is even more concerning
• Above-est. IGP-M index released today shows inflation still high, does not provide room for rates cuts
• Brazil market also will keep following the broad EMFX reaction to prospects for U.S. Fed rate hikes; “this week is likely to be busy, with Beige Book and U.S. payrolls”