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Bolsonaro allies expected to win control of both houses in Congress

Brazil speakership candidate vows to be fiscal conservative in pandemic

Message : Required fields BRASILIA, Jan 18 (Reuters) - President Jair Bolsonaro s candidate to become the next speaker of the lower chamber of Brazil s Congress favors helping the most needy Brazilians hit by the coronavirus pandemic, but vows to keep the country s budget deficit under control. In written responses to queries from Reuters on Friday, Arthur Lira said an alternative had to be found to extending last year s emergency transfers that are on track to cost 322 billion reais ($61 billion) and blow a record hole in the government s finances. Our concern today is to comply with the spending ceiling, Lira said, questioning where the resources would come from to

EM Review: Blue Wave Spurred Stock Rally as U S Yields Jumped

EM Review: Blue Wave Spurred Stock Rally as U.S. Yields Jumped Bloomberg 1/11/2021 Lilian Karunungan, Farah Elbahrawy and Aline Oyamada © Photographer: Jim Watson/AFP/Getty Images Jon Ossoff (L), Raphael Warnock (C) and US President-elect Joe Biden (R) during a rally in Atlanta, Georgia, on January 4, 2021. (Bloomberg) Emerging-market stocks posted their biggest weekly gain since early November after Democrats won control of the U.S. Senate in Georgia runoff elections, spurring optimism over more fiscal stimulus. Risk assets rallied despite chaos in the U.S. Capitol. U.S. Treasury yields climbed above 1% for the first time since the pandemic-driven turmoil in March, boosting the dollar and weighing on developing-nation currencies.

EM Review: Blue Wave Spurs Stocks Rally as U S Yields Soar

EM Review: Blue Wave Spurred Stock Rally as U.S. Yields Jumped Bloomberg 1/11/2021 Lilian Karunungan, Farah Elbahrawy and Aline Oyamada © Photographer: Jim Watson/AFP/Getty Images Jon Ossoff (L), Raphael Warnock (C) and US President-elect Joe Biden (R) during a rally in Atlanta, Georgia, on January 4, 2021. (Bloomberg) Emerging-market stocks posted their biggest weekly gain since early November after Democrats won control of the U.S. Senate in Georgia runoff elections, spurring optimism over more fiscal stimulus. Risk assets rallied despite chaos in the U.S. Capitol. U.S. Treasury yields climbed above 1% for the first time since the pandemic-driven turmoil in March, boosting the dollar and weighing on developing-nation currencies.

Brazil s Bolsonaro Clownish and Incompetent Figure Is Also His Main Strength

1 Shares The results of the recent municipal elections in Brazil were interpreted in distinct ways by the different actors involved. For some analysts, they clearly signaled a weakness of the 2018 far-right wave and of president Bolsonaro’s ability to successfully endorse candidates. For others, they indicated a low-risk voting preference: the restricted campaign due to Covid-19 allegedly favored the re-election of mayors and city councilors as well as of candidates affiliated to well-established political parties. Indeed, the strengthening of several right and center-right parties prompted some to assert the return of the ‘old politics’, or of politics proper, as opposed to the anti-political tendency of the last presidential election.

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