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Oct 20, 2014

Poll shows Rousseff gaining momentum as Brazil election nears

RIO DE JANEIRO (Reuters) – President Dilma Rousseff is gaining momentum but remains locked in a dead heat with challenger Aecio Neves ahead of Sunday’s runoff to Brazil’s presidential election, a survey by pollster MDA showed on Monday.

Pro-business candidate Neves had retained a slight but statistically insignificant lead over leftist Rousseff since the first round of elections on Oct. 5, according to surveys by the more closely watched Ibope and Datafolha pollsters.

Oct 17, 2014

Long-term investors ready to buy Brazil after election

RIO DE JANEIRO/SAO PAULO, Oct 17 (Reuters) – Long-term
foreign investors are growing more optimistic about Brazil no
matter who wins this month’s presidential election but they say
an opposition victory could unleash a flood of new money.

The tight and fast-changing election campaign has sent
Brazil’s financial markets on a wild ride with big gains
whenever leftist President Dilma Rousseff loses ground in polls
and slides whenever her re-election bid seems stronger.

Oct 8, 2014

Brazil inflation highest in nearly 3 years ahead of election

BRASILIA/RIO DE JANEIRO, Oct 8 (Reuters) – Brazil’s annual
inflation rate in September shot way above an official target to
its highest in nearly three years, the latest economic blow for
President Dilma Rousseff who is locked in a tight race for
re-election against market-favorite Aecio Neves.

Consumer prices rose a faster-than-expected
6.75 percent in the 12 months through September, the quickest
pace since October 2011, government data showed on Wednesday.

Oct 6, 2014

Brazil markets soar as pro-business candidate surges in vote

RIO DE JANEIRO/SAO PAULO (Reuters) – Brazilian financial markets rallied on Monday after a market-favorite candidate won strong voter support in Sunday’s elections to challenge President Dilma Rousseff, whom investors accuse of driving Latin America’s largest economy into a recession.

Aecio Neves of the centrist PSDB party made a dramatic late surge from third place in opinion polls to finish with 33.6 percent of votes in a first-round vote, trailing Rousseff with 41.6 percent support. They will now face each other in second-round runoff on Oct. 26.

Sep 30, 2014

Moody’s could wait until 2016 to decide on Brazil rating

SAO PAULO/RIO DE JANEIRO, Sept 30 (Reuters) – Moody’s
Investors Service could wait until 2016 to decide whether to cut
Brazil’s sovereign rating, a senior analyst at the firm said on
Tuesday, adding that rampant budget spending remains the
“weakest link” in the country’s credit profile.

Moody’s, which earlier this month warned it could lower
Brazil’s “Baa2″ rating over the next two years due to a slower
economy and a swelling debt burden, expects to convene a
committee to discuss Brazil around the first quarter of 2016.

Sep 16, 2014

Latam markets jump on Fed hopes, Brazil election bets

RIO DE JANEIRO (Reuters) – Latin American financial markets jumped on Tuesday on speculation that the U.S. Federal Reserve will refrain from signaling an interest rate hike is imminent while Brazilian stocks soared nearly 4 percent on election bets.

The U.S. dollar weakened globally, dropping as much as 1.1 percent against the Brazilian real, after a video report on The Wall Street Journal website suggested the Fed will stick to its near-zero rate language in a statement due after its monetary policy meeting on Wednesday.

Sep 9, 2014

Moody’s threatens to downgrade Brazil as economy stalls

RIO DE JANEIRO, Sept 9 (Reuters) – Moody’s Investors Service
on Tuesday warned it may cut Brazil’s credit rating in the next
couple of years as the economy slows down, piling pressure on
whoever is elected president in October to change course on
economic policy.

Brazil will go to the polls on Oct. 5 with the debate about
whether to tighten fiscal policy a hot campaign topic. President
Dilma Rousseff, who has indicated she won’t radically alter
policies if re-elected, faces a strong challenge from
environmentalist Marina Silva who is keen to cut government
spending.

Aug 27, 2014

Brazil’s Silva winning over investors in presidential race

RIO DE JANEIRO (Reuters) – Investors are warming up to a possible victory by Marina Silva in Brazil’s presidential election as the popular environmentalist emerges as their best shot at avoiding four more years of a government they strongly dislike.

Disdain for President Dilma Rousseff’s leftist policies runs so deep in Brazilian financial markets that one comment making the rounds there says: “Marina is like Russian roulette, but Dilma is like a fully-loaded revolver.”

Aug 18, 2014

Brazil markets rise as poll shows election headed to 2nd round

RIO DE JANEIRO, Aug 18 (Reuters) – Brazil’s financial
markets closed higher on Monday as an opinion poll showed
President Dilma Rousseff, criticized by investors for
interventionist policies, is unlikely to win an outright
re-election on Oct. 5.

The poll increased uncertainty about who is likely to face
Rousseff in a second-round runoff – market favorite Aecio Neves
or environmentalist Marina Silva.

Aug 13, 2014

Brazil markets whipsaw on presidential candidate’s death

RIO DE JANEIRO (Reuters) – Brazil’s financial markets whipsawed Wednesday as the death in a plane crash of presidential candidate Eduardo Campos, who ran third in opinion polls, stoked uncertainty about the outcome of the country’s October elections.

Brazil’s benchmark Bovespa index plunged more than 2 percent on news that Campos’ private jet crashed in bad weather in the coastal city of Santos, just south of Sao Paulo. The index later recouped some losses to trade 0.6 percent lower.