HALISTER1: Market Expects Temer to Tune Up After Impeachment: Garde

Market Expects Temer to Tune Up After Impeachment: Garde

(Bloomberg) -- Brazil market expects that acting president Temer will maintain a firm stance on reforms, overriding the interests of specific sectors, Daniel Weeks, chief-economist at Garde Asset Management, says in a phone interview.
  • Besides impeachment, investors focus on measure to cap government spending
  • Allegations involving Temer has create discomfort in short term
    • NOTE: Saturday, Odebrecht Linked Temer to Illegal Donation to PMDB Party: Veja
  • Report seems similar to other allegations already disclosed; if no fresh details emerge, it’s not concerning for markets, Weeks says
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Daniel Weeks (Garde Asset Mgmt)
Michel Temer (Federative Republic of Brazil)

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