Brazil stocks rally on eve of impeachment vote

GMT 06:29 2016 Wednesday ,11 May

Arab Today, arab today Brazil stocks rally on eve of impeachment vote

Brazil economy
Sao Paulo - Arab Today

The Sao Paulo stock exchange rose more than four percent Tuesday ahead of a likely decision by the Senate to open an impeachment trial against President Dilma Rousseff.

After a chaotic Monday in which it was unclear whether the Senate vote would go ahead, the overwhelmingly anti-Rousseff markets have "returned to that scenario in which Rousseff's replacement is almost a sure thing," Jason Vieira, the chief economist at Infinity Asset Management in Sao Paulo, told Bloomberg News.

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