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Brazil: the market promotes the Silva-Neves agreement

The ETF that replicates the Bovespa trend gained more than four percentage points at the beginning of the Italian afternoon after the environmentalist Marina Silva said yes to an alliance with the social democrat Aécio Neves to beat Dilma Roussef in the October 26 runoff.

Brazil: the market promotes the Silva-Neves agreement

At the beginning of the Italian afternoon theAnd F Lyxoe Ucits, which replicates the performance of Bovespa, the main index of the Brazilian Stock Exchange, travels up by 4,41%. This is the reaction of the markets to the news that the environmentalist Marina Silva he said yes to the alliance with the social democrat Aetius Neves to beat Dilma Rousseff al October 26 ballot

With Neves' party (Psdb, centre-right), Marina Silva negotiated some conditions to be included in the government programme, to then officially announce her vote indications.

Silva calls for a political reform that prevents presidential re-election (a single 4-year term), investment in full-time education in schools, and a sustainable development policy that has the protection of the Amazon forest as its central issue.

The goal of ousting the "Workers' Party" from power after 12 years of government (two terms of Lula and one of Dilma) has led Marina and Aécio to overcome the political distance that separates them. 

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