RIO DE JANEIRO BRAZIL - Obstacles to share price increases were many and the last one was rumors of Banco do Brasil's CEO resignation. Locally, investors will start March still with no definition on emergency aid, whether with or without spending cuts as a counterpart.
Externally, the perception of inflation in the USA is contributing to the market raising the interest rate rule. And on the corporate front, there was nothing left for anyone, with Bolsonaro appointing a general to take over Petrobras while truckers pressured against fuel price hikes.
Instead, there was too little vaccination for disease curves rising . . .
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