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How Will Brazil’s Market React To Ex-President Lula’s “Freedom”

  • Source: Forbes - - Read: 0



    Luiz Inacio Lula da Silva, Brazil's formerly incarcerated president, greets a crowd of monstly auto ... [+] worker union members on Friday in Sao Bernardo do Campo, Brazil. His supporters believe the Petrobras criminal investigation is a political witch hunt. (Photo by Pedro Vilela/Getty Images)Getty Images

    It’s been a nail biter for months, but the answer came on Friday from a Workers’ Party (PT) picked, and packed, Supreme Court. They voted 6 to 5 to change a ruling about prison terms that freed ex-president and PT founder Luiz Inacio Lula da Silva after roughly two years in jail on corruption charges.

    The market for Brazil equities fell as much as 3.5% on the news, but recovered and closed at 3.39% instead. Brazil was the worst performing emerging market thanks to that Supreme Court r ...



    Read Full News: https://www.forbes.com/sites/kenrapoza/2019/11/10/how-will-brazils-market-react-to-ex-president-lulas-freedom/

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