Titoli di Stato paesi-emergenti Obbligazioni Brasile e Petrobras
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Fabrib
Forumer storico
Pochi minuti fa il real è partito di colpo; deve essere uscita qualche cattiva notizia.
marcob77
Moderator
Eur/brl 4,7977
marcob77
Moderator
ora 4,8316 +0,0683 +1,43%, si impenna..
MARCO82
Forumer attivo
Questa è buona
MARCO82
Forumer attivo
Ministro diz esperar que Justiça emita decisão sobre glifosato...
Forse qualcuno sa che il ricorso del governo andrà male....
Forse qualcuno sa che il ricorso del governo andrà male....
Magician
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Brazil’s Markets Are Tanking as Traders Watch Lula Support Rise
With less than two months to go before Brazil’s presidential elections, investors are coming to grips with the idea the result may not be what they want.
Former President Luiz Inacio Lula da Silva’s support rose in all three major polls that came out last week, horrifying traders who dread the return of his Workers’ Party to the presidential palace in Brasilia. If allowed to run despite being in jail for a corruption conviction, Lula would win a runoff round against all candidates with as much as 53 percent of the ballots, the polls showed. Even if he’s knocked off the top of the ticket, his likely replacement -- former Sao Paulo Mayor Fernando Haddad -- is also feared by investors.
Market-favorite Geraldo Alckmin failed to gain much traction in the polls, mired near the bottom with half a dozen other candidates. While it wasn’t a huge change from weeks past, investors who want the next government to shore up its finances and avoid heavy-handed state intervention in the economy had been hoping for signs of fading enthusiasm for Lula.
So traders’ response was to sell, fast. The currency plummeted 4.7 percent last week to its lowest since early 2016, the worst performance in emerging markets. Volatility is higher than it was at the same point in the past three elections, though still short of the level seen when Lula first won the presidency in 2002. The iShares MSCI Brazil exchange-traded fund has had more than $700 million of outflows in August, a record.
Workers’ Party Calculus
“Brazil remains a paradox,” said Sean Newman, a portfolio manager at Invesco Advisers in Atlanta. “In an election where no one seems to care about candidates, all want less corruption but favor the man behind the biggest debacle in the country’s history.”
The real rose 1 percent Monday to 4.0635 per dollar, while the Ibovespa stock index added 1.6 percent as of 11:40 a.m. in New York.
While Lula is unlikely to be allowed to run due to his corruption conviction, the uncertain timing on when exactly the courts will bar his bid -- and how long the appeals could drag on -- is adding to the sour mood. The thinking is that the longer Lula can stretch it out, the more enthusiasm he can whip up for the Workers’ Party and, by extension, Haddad, currently the party’s vice presidential candidate.
....
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With less than two months to go before Brazil’s presidential elections, investors are coming to grips with the idea the result may not be what they want.
Former President Luiz Inacio Lula da Silva’s support rose in all three major polls that came out last week, horrifying traders who dread the return of his Workers’ Party to the presidential palace in Brasilia. If allowed to run despite being in jail for a corruption conviction, Lula would win a runoff round against all candidates with as much as 53 percent of the ballots, the polls showed. Even if he’s knocked off the top of the ticket, his likely replacement -- former Sao Paulo Mayor Fernando Haddad -- is also feared by investors.
Market-favorite Geraldo Alckmin failed to gain much traction in the polls, mired near the bottom with half a dozen other candidates. While it wasn’t a huge change from weeks past, investors who want the next government to shore up its finances and avoid heavy-handed state intervention in the economy had been hoping for signs of fading enthusiasm for Lula.
So traders’ response was to sell, fast. The currency plummeted 4.7 percent last week to its lowest since early 2016, the worst performance in emerging markets. Volatility is higher than it was at the same point in the past three elections, though still short of the level seen when Lula first won the presidency in 2002. The iShares MSCI Brazil exchange-traded fund has had more than $700 million of outflows in August, a record.
Workers’ Party Calculus
“Brazil remains a paradox,” said Sean Newman, a portfolio manager at Invesco Advisers in Atlanta. “In an election where no one seems to care about candidates, all want less corruption but favor the man behind the biggest debacle in the country’s history.”
The real rose 1 percent Monday to 4.0635 per dollar, while the Ibovespa stock index added 1.6 percent as of 11:40 a.m. in New York.
While Lula is unlikely to be allowed to run due to his corruption conviction, the uncertain timing on when exactly the courts will bar his bid -- and how long the appeals could drag on -- is adding to the sour mood. The thinking is that the longer Lula can stretch it out, the more enthusiasm he can whip up for the Workers’ Party and, by extension, Haddad, currently the party’s vice presidential candidate.
....
L'intero articolo
Terms of Service Violation
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