Brazil Bear Market Reaching the End

Daily Mail: Protesters storm Brazilian capital after bugged phone call goes public which reveals President gave senior government position to her predecessor so he could avoid arrest over corruption
However hours after Lula's appointment, federal judge Sergio Moro, who is heading a probe into the Petrobras scandal, ordered the release of a call recorded by police suggesting darker motives.

Rousseff called Lula's bugged phone to tell him she would be sending him the official decree nominating him as her chief of staff so that he could make use of it 'if necessary.'

That extract seems to confirm that Lula's nomination to the post was aimed at sparing him possible arrest for corruption.
Hopefully, negative mood is near the peak and this trend is close to exhaustion. Unfortunately, the financial losses may not be finished.b

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