Brazil's currency slides as world leaders condemn pro-Bolsonaro riots
Publishing timestamp: 2023-01-09 09:27:25
Summary
Supporters of former president Jair Bolsonaro stormed government buildings in Brazil on Sunday in protest against his election loss. This resulted in more than 400 arrests and the current president, Luiz Incio Lula da Silva, vowing to punish the instigators. The Brazilian currency weakened and the Sao Paulo Bovespa benchmark stock index fell in early trade, but later recovered. U.S. President Joe Biden and U.K. Prime Minister Rishi Sunak condemned the attack and Russia expressed its strongest condemnation of the instigators.
Sentiment: MIXED
Tickers: BRL=,
Keywords: investment strategy, ishares msci brazil etf, world markets, politics, us dollar/brazilian real fx spot rate, business news, markets,