The Financial Times quotes Adrienne Arsht Center Nonresident Senior Fellow Ricardo Sennes on the reelection of Brazilian President Dilma Rousseff:
Yet, while attractive valuations may limit the downside for equities, Brazil’s markets are set to remain in limbo for the rest of this week as investors try to guess who Ms Rousseff will pick as her next finance minister, analysts say.
As her only concession to the markets during the election campaign, Ms Rousseff promised to sack her finance minister Guido Mantega at the end of this year.
“A new direction in the finance ministry would be widely seen as a signal of course correction,” says Ricardo Sennes at the Atlantic Council, a Washington think-tank.