Halister News

(Bloomberg) -- Political uncertainties after Lower House head Cunha removed by top court adds to some ’’defensive’’ posturing, especially in DI market, while BRL fluctuates on view that below-est. NFP has pushed out Fed rate hike, Juliano Ferreira, strategist at Icap do Brasil Ctvm, says in a phone interview.

• Waldir Maranhao, House’s interim head, voted against Rousseff impeachment, despite being known as an ally of Cunha, who is among the main supporters of the president’s exit
• Despite initial defensiveness, impact is marginal as outcome of Cunha removal is still uncertain, Ferreira says
  • Positive development also possible should interim head Maranhao resign, leading to an election for a new House leader, which potentially would be won by a supporter of VP Temer, the likely president