9th January 2023

Central & South America

Brazil assets unstable

Analysts say Brazilian assets are unstable after Bolsonaro supporters stormed government buildings.

Ricardo Lacerda, CEO of Brazilian investment bank BR Partners (BRBI11.SA), predicts markets will react in the short term to the rise in risk in institutions.

Despite Brazil's currency and stock index outperforming other Latin American markets in 2022, the start of the new year has been turbulent since President Luis Inacio Lula da Silva's inauguration on January 1st.