Brazil's Finance Minister Haddad says he is leaving the Finance Ministry today
Newsquawk Staff ·
Brazil's Finance Minister Haddad says he is leaving the Finance Ministry today.
What it means
Haddad's departure from the Finance Ministry could introduce uncertainty into Brazil's economic policy, especially given the current focus on fiscal reforms and growth strategies. This change might impact market sentiment towards Brazilian assets, as investors assess potential shifts in policy direction and leadership. Depending on his successor, we could see volatility in both local currency and equity markets, alongside implications for foreign investment and diplomatic relations.
- EIA Expectations: Crude +0.35M, Distillate -0.63M, Gasoline -1M
- US President Trump on Brazil election, says he looked terrible to him and didn't take sides, but looked bad
- Brazilian Finance Minister Durigan says the government will submit a proposal this year aiming for the centre of the fiscal target, according to Estadão
- Brazil's B3 exchange set the trading fluctuation limit for Ibovespa index futures at -20% and adjusted foreign-exchange trading move limits to 12%
- Brazil Finance Minister Durigan says they commit to meeting fiscal target midpoint and achieving growing primary surpluses
Related headlines
- Brazil ETF in Japan slumps 11% following the Lula re-election victory2 days ago
- Brazil FinMin Durigan says subsidies could be maintained in 2027 if Brent prices remain elevated, and additional financial resources continue to be available4 days ago
- Newsquawk Daily US Equity Opening News - TSLA & META fall after earnings; TSLA & SPCX said to target H1 2027 merger6 days ago
- Brazil's Bolsonaro seen with 45% of votes vs Lula's 44% in the Presidential Election runoff, according to Quaest7 days ago
- South Africa’s National Treasury says Inflation is expected to return to 3% target in 20297 days ago
- Hungary's PM Magyar says the 2027 budget is to target 4.9% GDP shortfallOct 19
- Hungary PM Magyar says to cut income tax on minimum wage to 9% next year; Income tax will fall for more than 2mln taxpayers next year, at a cost of HUF 250blnOct 19
- Brazil's Bolsonaro and Lula tied in the latest Presidential runoff poll, Bloomberg reportsOct 19
- Brazil's Finance Minister Durian says CPI is under control, but high rates are still a problem; Brazil interest rates need to come downOct 16
- Meta (META) employees acknowleged in internal communication that President Lula's accounts were affected by restrictions during the Brazil election, according to FolhaOct 16
- Brazil's Bolsonaro is seen with 45.6% of votes vs Lula's 44.5% in the Presidential runoff, according to a CNT/MDA pollOct 16
- MSCI implements a freeze on MSCI Turkey Indexes and consults on proposal to reclassify Indonesia from Emerging Market to Standalone Market StatusOct 15
- Brazil's Senate approves constitutional amendment reducing the six-day work week in first required voteOct 15
- Turkey is set to allow the TRY to fall quicker, Bloomberg reports, in order to avoid potential future devaluation risksOct 14
- Brazil is proposing the forgiveness of USD 2.5bln equivalent of entrepreneur debtOct 13