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Daily News Advisory

Rousseff Gets No-Confidence Vote From Brazil Investors

Posted by Henry Peirse on October 28, 2014 at 5:30 AM

GRNlive correspondents are in Sao Paulo

Bloomberg: Brazilian President Dilma Rousseff said in her re-election victory speech two nights ago that she would implement “great changes” quickly. Investors are reminding her just how urgent that task is. They drove the real down 1.9 percent and pushed stocks down as much as 6.2 percent, showing their concern that Rousseff’s second four-year term will fail to bring relief to an economy marred by recession and high inflation. The currency has lost 12 percent over the past three months while the Ibovespa equity benchmark tumbled 13 percent amid the closest presidential race since at least 1945.

Categories: World News, Business