Lula’s prolonged prison stay keeps markets calm

Lula’s prolonged prison stay keeps markets calm

Capital Markets Economy & Policy People Brazil

Former Brazilian President Lula’s prolonged stay in prison was well-received by the marketplace this week as attention now shifts to movements within the country’s Supreme Court. Sérgio Vale, chief economist at MB Asociados said market makers were monitoring whether Cármen Lucia would continue at the helm of Brazil’s highest judiciary, during a potential period where President Michel Temer would be absent for international commitments. “Markets are looking forward to know if Supreme Court Minist

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