Halister News

(Bloomberg) -- Impeachment of suspended President Rousseff “should be close to fully priced” from a market standpoint, Alberto Ramos, senior economist at Goldman Sachs, writes in an e-mailed report.

• Market likely to focus on willingness of Temer to accelerate and deepen fiscal adjustment and the capacity to engage allied base in Congress to his goal
  • “Failure to deliver tangible steps towards fiscal consolidation may trigger adverse market dynamics”
  • Market could react well to end of concessions, approval of amendment that caps primary spending and a “strong social security reform”