Brazil Markets Still Don’t Price In Annulled Impeachment: CM
Source: BFW (Bloomberg First Word)
People
Camila Abdelmalack (Cm Capital Markets Corretora De Cambio Titulo E Valores Mobiliarios Ltda)
Dilma Rousseff (Federative Republic of Brazil)
Eduardo Cunha (Federative Republic of Brazil)
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UUID: 7947283
(Bloomberg) -- BRL and stocks plunging and DI rates rising reflect investors surprise that interim Lower House head Waldir Maranhao of canceled impeachment vote, Camila Abdelmalack, economist at CM Capital Markets, says in a phone interview.
Alert: HALISTER1- Despite strong BRL drop, market reaction is still ’’parsimonious’’; investors will look for House, Senate, Supreme Court steps after surprising action House’s head
- BRL could resume slide to 4.00/USD should Rousseff impeachment be completely canceled, not only postponed
- NOTE: Brazil’s interim Lower House chief Maranhao called for a new vote on the impeachment of President Dilma Rousseff, in a surprise move that prompted a sell off of Brazilian assets
- NOTE: Maranhao succeeded Eduardo Cunha, ousted from House leadership after a Court decision last week
Source: BFW (Bloomberg First Word)
People
Camila Abdelmalack (Cm Capital Markets Corretora De Cambio Titulo E Valores Mobiliarios Ltda)
Dilma Rousseff (Federative Republic of Brazil)
Eduardo Cunha (Federative Republic of Brazil)
To de-activate this alert, click here
UUID: 7947283