Good morning! Today, we talk about how markets changed their view of the government. JBS to be listed in New York. EU grilling in Brazil’s lower house. And a major scoop is validated.
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Fernando Haddad, the unexpected darling of the markets
What a difference a few months, a fiscal framework, and a tax reform can make. When Luiz Inácio Lula da Silva’s government took office in January, the financial markets greeted it with a snarl. After an eighth of the way through Lula’s term, not so much.
- A new Quaest poll of financial market executives shows that perceptions of the government and its economic policies have shifted. In March, 90 percent of respondents had a negative view of the government — down to 44 percent now.
- A whopping 98 percent of respondents said the country’s economic policy was on the wrong track in March — a view that is now almost evenly split with those who see it on the right path.
Two-way street. The numbers also reflect a change in...