Comment from our MD Graziano Messana on the outcome of the elections.
GM Venture: Brazil, reward on the stock exchange with the liberal agenda of Bolsonaro
by Graziano Messana * (Il Sole 24 Ore Radiocor Plus) – Milan, Oct. 29 – Since the first declarations after his election, the new Brazilian president Jair Bolsonaro has reaffirmed loyalty to the principles of the constitution and economic development of the country. The Asian stock exchanges welcomed the electoral result positively and the Sao Paulo Stock Exchange of Brazil did the same. The economic fundamentals remain positive and I think we must continue the favorable trend of foreign investments in this market
The liberal economic agenda of the economist Paulo Guedes is in line with the expectations of the markets. Work on social security reform and privatize first. The stock market reacted well today again a bit ‘as in the first round of elections. Asian markets anticipated the result with good performances with EDFs such as Singapore and Tokyo. The Exchange performed + 3% and then returned mainly because the operators made profits as they had already positioned in recent days. From the point of view of the real economy instead there is an idle productive capacity, accumulated in these years, which will certainly be allocated with recovery and at no cost, but this obviously does not mean that investments are not needed, only that there is an extra lever that it will be used.
* founder of GM Venture “The content of the news and information transmitted with the title” Word to the market “can not under any circumstances be considered a solicitation to the public savings or the promotion of any form of investment nor personalized recommendations to any form of financing The analyzes contained in the news transmitted in the specific section are elaborated by the company to which the subject expressly referred to as the author belongs The press agency Il Sole 24 Ore Radiocor declines all responsibility for the truthfulness, accuracy, and completeness of such analyzes and therefore invites users to take note with attention and due diligence of the above stated and represented by the company “.
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