brazil market soars as neves promises renewal
Last Updated : GMT 18:26:54
Arab Today, arab today
Arab Today, arab today

Brazil market soars as Neves promises renewal

Arab Today, arab today

Arab Today, arab today Brazil market soars as Neves promises renewal

Brazil's presidential candidate
Sao Paulo - AFP

Buoyed by business world favorite Aecio Neves defying the odds and early polls to reach a run-off in Brazil's presidential election, the Sao Paulo stock market soared almost five percent Monday.
Neves seized his moment Sunday to see off environmentalist Marina Silva and reach an October 26 run-off with leftist incumbent Dilma Rousseff, who topped the poll eight points clear of her rival.
With Brazil in recession, Latin America's biggest exchange is stone cold on Rousseff and rooting for a Neves victory -- having previously been preparing to accept Silva as a presidential consolation prize.
As the market rose, Neves, the grandson of a former president, told a news conference he was the candidate to lead Brazil out of its current economic mire.
"My candidacy is not one of a party or an alliance but one which takes up the concrete possibility of returning Brazil to growth, job creation, health and security," the Social Democrat said.
"The first round (of the election) was a clear victory for this feeling of (wanting) change which has extended around the country."
He added: "I am honored to be at the forefront of this project."
Neves said he was bent on convincing the electorate -- and also voters he hopes will transfer their allegiance from Silva -- that "we have the means of providing a better future for Brazil."
With Neves polling 33.55 percent to 21.2 for Silva, the market shot up almost six percent before dipping in the afternoon to leave the benchmark Bovespa index on 57,115 points.
"There is a direct link between the market rise and the (poll) chances of Aecio Neves. The possibility of a tougher contest and the fact Dilma did not win on a single ballot explain this rise," Leandro Martins, analyst with Walpires broker, told AFP.
Rousseff has accused Neves and his Social Democrats, who ruled the country from 1995-2003, of seeking to take the country back to the past, favoring moneyed classes at the expense of those her Workers' Party. Over the past decade, its welfare reforms have lifted tens of millions of people out of extreme poverty.
"I was surprised to hear President Dilma comment that people had to be careful with the ghosts of the past. The truth is they are worried about the monsters of the present, such as high inflation, recession, corruption," Neves said.
He indicated Silva had called him to congratulate him on his poll result but said it was too early to talk about second-round alliances.
Both Neves and Socialist Party candidate Silva had pledged more orthodox economic policies for Brazil, including fiscal responsibility and targeting inflation, which has hit a government ceiling of 6.5 percent.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

brazil market soars as neves promises renewal brazil market soars as neves promises renewal

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

brazil market soars as neves promises renewal brazil market soars as neves promises renewal

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Japanese regulators raid Airbnb

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Saudi, Bahrain target Iran

GMT 00:48 2017 Monday ,20 November

Saudi, Bahrain target Iran
Arab Today, arab today Europe turns on Facebook, Google

GMT 02:26 2017 Monday ,20 November

Europe turns on Facebook, Google
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Mona Abdel Ghany increased artistic activities

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 02:28 2017 Saturday ,18 November

Anti-drug operation nets 4 tonnes

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday