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By Marcela Ayres and Lisandra Paraguassu BRASILIA (Reuters) - Markets handed leftist Brazilian President-elect Luiz Inacio Lula da Silva a reprieve on
In a speech to lawmakers on Thursday, Lula said he aims to prioritize social spending over market concerns. Investors have called for Lula to restore firm rules for public spending after major outlays by outgoing President Jair Bolsonaro through the pandemic and election campaign.
Markets handed leftist Brazilian President-elect Luiz Inacio Lula da Silva a reprieve on Friday, clawing back heavy losses from the previous day's meltdown which the country's central bank chief said
The highway blockades have disrupted fuel distribution.
It took Jair Bolsonaro, a right-wing nationalist, more than 44 hours to comment after the election was decided by electoral authorities.