General elections in Brazil will take place on Sunday. According to analysts from Rabobank, financial markets are underestimating rising risks for the execution of key reforms next year. Key Quotes: “In the ending week, Brazilian assets (e.g. CDS, BRL, equities, nominal rates) rallied and outperformed peers in general, as the electoral surveys and political speeches are (surprisingly) making investors embrace optimistic scenarios for economic policy and reforms.” “We still sense financial markets are underestimating what we see as mounting risks for the execution of key reforms in 2019 – pre-condition for sustained recovery, macro stability. This probably comes on the back of a respite in the global EM rout, paving the way for some market participants to downplay (the rising) risks. “The first round of general elections will take place on Sunday (October 7th), and the surveys for the presidential race point to a possible run-off between Jair Bolsonaro (PSL) and Fernando Haddad (PT) in the second round, confirming a possible right-left polarization. “On the economic front, consumer prices shower benign figures and composition in September, despite the mounting risks from the weaker FX. Core inflation remains at low levels, reflecting wide economic slacks, anchored inflation expectations.” “Activity indicators, such as this week’s August industrial production (IP) remain in a gradual recovery mode.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US: Falling unemployment and rising wage pressures to keep the Fed tightening – RBC FX Street 4 years General elections in Brazil will take place on Sunday. According to analysts from Rabobank, financial markets are underestimating rising risks for the execution of key reforms next year. Key Quotes: "In the ending week, Brazilian assets (e.g. CDS, BRL, equities, nominal rates) rallied and outperformed peers in general, as the electoral surveys and political speeches are (surprisingly) making investors embrace optimistic scenarios for economic policy and reforms." "We still sense financial markets are underestimating what we see as mounting risks for the execution of key reforms in 2019 - pre-condition for sustained recovery, macro stability. This probably comes… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
