Buy brazil stocks

Author: timsa On: 08.07.2017

Brazil's latest political scandal crushed its stock market and rippled across financial markets, including to the U. President Michel Temer, who replaced ousted President Dilma Rousseff, was reported to have been recorded negotiating a bribe to win the silence of ex-House Speaker Eduardo Cunha.

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The news report cast in doubt not only the economic reforms proposed by Temer, but also his tenure in office. Temer was also reported to be under investigation by the country's top court.

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Citigroup economists said Thursday that if Temer were ousted, it would have negative implications for the Brazilian economy. His social security reform would be in jeopardy, and if he is removed, there would be an indirect election in two months.

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Citi had expected interest-rate cuts by the Brazilian Central Bank due to a decline in inflation, but that could be in doubt. That makes the future also cloudy for companies that do business there.

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buy brazil stocks

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buy brazil stocks

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Register Log In Profile Email Preferences PRO Sign Out. These US stocks have the most at risk from the emerging Brazil crisis Brazil's stock market sold off sharply after new allegations of corruption.

buy brazil stocks

The selling affects Brazil shares in the U. Brazil President Michel Temer's economic reforms are in jeopardy. Is history suggesting buy the Brazil breakdown? Thursday, 18 May 5: Companies with 10 percent or more sales exposure to Brazil Source: Patti Domm CNBC Markets Editor.

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