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Weekly Report - 02 October 2014 (WR-14-39)
BRAZIL: Prospect of PT victory sinks Real and Bovespa
As President Dilma Rousseff rises in the opinion polls, so the currency falls in value and the stock market slides. Over the past month, the Real has lost over 7% of its value against the US dollar. The São Paulo stock exchange (Bovespa) has fallen 10.6%, with shares in Petrobras, the state-run oil company, down 24%. Investors are deeply unenthused by the prospect of another four years of Rousseff in charge. The government’s disregard for the interest of minority private sector shareholders in state-run companies, and its tendency to enact temporary stimulus measures rather than fundamental reforms, have incurred the wrath of the financial markets.
- Colombian government opts to publish details of peace accords
- BOLIVIA: MAS in search of a key vote
- ECUADOR: Correa warns about resurgence of Right
- VENEZUELA: Violent crime hits at the heart of the PSUV
- BRAZIL: Rousseff’s election to lose
- BRAZIL: Prospect of PT victory sinks Real and Bovespa
- PARAGUAY: Bishop feels papal fire
- URUGUAY: Opposition guns for government over Guantánamo
- ARGENTINA: Central bank president quits
- TRACKING TRENDS
- MEXICO: Oil fund created
- TRACKING TRENDS
- CUBA: The czar reclaims his crown
- PANAMA: PRD tries again
- TRACKING TRENDS
- Chile confounded by anarchist attacks
- Quotes of the week