Despite yesterday's half-pause, markets are sniffing the Fed's possible change of course on rates after October's record - Signs of recovery in China - Bovespa celebrates Lula - Spreads on the rise
The political twists and turns that precede the start of tomorrow's vote in the Senate on the impeachment of President Dilma Rousseff reveal that Brazil is in full institutional chaos with significant repercussions on the financial markets that previously bet on the revival…
The outgoing president was re-elected with 51,4% of the votes but the markets had bet on the social democratic challenger Aecio Neves, after Rousseff caused inflation and public debt to explode in four years and brought the GDP into decline…
