July 11, 2018 |
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
Investors shift attention to elections and whether Cármen Lucia will stay on as President of Brazil’s Supreme Court