Brazilian markets boosted as pension reform vote to go ahead

Brazil’s government reached a deal with lawmakers on Tuesday paving the way for a congressional committee to vote on its key pension reform bill later in the day, boosting investor sentiment and lifting local financial markets.

The benchmark Bovespa stock market index rose 1.8 per cent to above 96,000 points, its best day in three weeks, while the real recovered most of its losses after it had earlier slid to a four-week low of 3.96 per dollar.

Continue reading

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.