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. End of preview - This article contains approximately 421 words.
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