From Full-Stop to Full Steam Ahead

11.05.2016 • Emerging Markets

From the Daily Pro (BRA) – Just when I didn’t think anything could surprise me, Speaker of the House Waldir Maranhão managed to do something so unexpected that he triggered market volatility worse than what Dilma, Temer, or China have been able to achieve. The dollar gained 5% while the Ibovespa dropped 3.5% by noon. Speaker Maranhão announced that he would try to annul the impeachment and keep Dilma in power. However, less than 24 hours later, he proclaimed that he changed his mind. The impeachment effort continues on.

-Learn More at (Portuguese) –

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