IBOV 175,971 ▲ 0.13% IPSA 10,928 ▲ 0.16% IPC MEX 66,597 ▲ 0.95% MERVAL 3,232,223 ▼ 0.09% COLCAP 2,292.84 ▼ 0.64% BVL PERÚ 56,428.20 ▲ 1.53% USD/BRL5.07▼ 1.24% USD/MXN17.42▼ 0.62% USD/CLP924.68▼ 0.88% USD/COP3,251▼ 0.36% USD/PEN3.39▼ 0.65% USD/ARS1,473▼ 0.71% USD/UYU40.23▲ 0.99% USD/PYG6,039▲ 1.12% USD/BOB10.35▲ 6.04% USD/DOP58.34▲ 0.44% USD/CRC448.93▲ 1.31% USD/GTQ7.62▲ 2.07% USD/HNL26.73▲ 1.38% USD/NIO36.62▲ 0.63% USD/VES722.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.98▲ 0.25% USD/TTD6.75▲ 1.19% EUR/BRL5.80▼ 0.43% BRENT 84.61 ▲ 1.57% WTI 79.07 ▲ 1.19% IRON ORE 161.91 — — COPPER 6.38 ▲ 2.29% GOLD 4,070 ▲ 1.84% SILVER 59.16 ▲ 2.65% SOY 1,192 ▼ 0.81% CORN 460.50 ▲ 5.20% WHEAT 645.50 ▲ 2.95% COFFEE 325.15 ▼ 4.76% SUGAR 14.92 ▲ 1.15% ORANGE JUICE 140.90 ▼ 1.16% COTTON 81.68 ▲ 2.32% COCOA 5,921 ▲ 3.95% BEEF 231.68 ▼ 1.30% CATTLE 348.38 ▼ 1.69% LITHIUM 71.24 ▲ 1.43% PETR4 40.60 ▼ 0.15% VALE3 74.03 ▲ 1.62% ITUB4 43.39 ▼ 0.30% BBDC4 18.51 ▼ 1.39% ABEV3 15.85 ▲ 0.13% BBAS3 20.49 ▲ 1.24% B3SA3 15.32 ▲ 1.32% WEGE3 44.23 ▼ 0.36% PRIO3 56.91 ▼ 0.51% SUZB3 41.37 ▼ 0.29% RENT3 40.43 ▲ 0.57% AZZA3 18.78 ▼ 2.29% CSAN3 3.88 ▼ 0.51% RAIZ4 0.31 ▼ 6.06% PCAR3 2.47 ▼ 4.63% GMAT3 3.95 ▲ 0.25% PSSA3 54.21 ▲ 0.31% CVCB3 1.30 ▲ 4.00% POSI3 3.93 ▼ 1.50% SLCE3 13.70 ▼ 1.23% NATU3 8.51 ▼ 1.05% BRKM5 6.65 ▼ 4.18% RANI3 8.03 ▲ 1.01% CSNA3 5.12 ▼ 2.29% CMIN3 5.15 ▼ 5.50% USIM5 8.26 ▼ 1.43% GGBR4 23.16 ▲ 1.49% ENEV3 26.77 ▼ 0.41% CPFE3 47.23 ▲ 0.83% CMIG4 11.12 ▲ 0.45% EQTL3 40.73 ▲ 1.29% LREN3 14.12 ▼ 0.21% VIVT3 35.43 ▲ 2.02% RAIL3 14.13 ▲ 0.14% KLABIN 17.40 ▼ 0.46% RAIA DROGASIL 18.36 ▲ 0.88% RDOR3 35.72 ▲ 0.45% HAPV3 10.65 ▲ 1.82% FLRY3 16.34 ▲ 1.18% SMTO3 16.18 ▼ 1.16% UGPA3 29.86 ▼ 3.46% VBBR3 32.82 ▲ 0.18% BBSE3 40.23 ▼ 0.12% BPAC11 57.71 ▲ 0.33% CURY3 32.67 ▼ 1.36% AERI3 2.08 — 0.00% VIVARA 23.35 ▲ 1.04% COMPASS 25.19 ▲ 1.70% VAMOS 3.05 ▲ 0.99% SANB11 27.28 ▼ 0.33% ASAI3 8.65 ▼ 0.69% SBSP3 30.34 ▼ 0.10% WALMEX 49.59 ▼ 0.12% GMEXICO 199.76 ▲ 2.13% FEMSA 233.57 ▲ 3.64% CEMEX 22.14 ▲ 1.65% GFNORTE 186.63 ▲ 2.50% BIMBO 56.46 ▲ 1.06% TELEVISA 9.47 ▼ 1.46% AMX 22.86 ▲ 1.20% GAP 389.03 ▼ 4.69% ASUR 277.95 ▼ 0.25% OMA 233.41 ▲ 0.04% KOF 182.03 ▲ 0.42% GRUMA 282.21 ▲ 0.30% KIMBER 38.39 ▲ 0.44% SQM-B 67,601 ▲ 0.58% COPEC 6,077 ▲ 0.33% BSANTANDER 78.86 ▲ 0.84% FALABELLA 5,933 ▲ 0.48% ENELAM 85.43 ▲ 1.46% CENCOSUD 2,044 ▲ 0.20% CMPC 1,076 ▼ 0.19% BANCO CHILE 188.21 ▲ 1.74% LATAM AIR 24.88 ▼ 0.08% YPF 77,275 ▲ 0.13% GGAL 7,990 ▼ 1.11% PAMPA 5,210 ▼ 0.29% TXAR 663.00 ▼ 0.23% ALUAR 955.00 ▼ 0.99% TGS 9,705 ▲ 1.41% CEPU 2,315 ▼ 0.17% MIRGOR 16,825 ▼ 1.03% COME 45.15 ▲ 0.83% LOMA NEGRA 3,555 ▲ 1.64% BYMA 302.00 ▼ 2.03% TELECOM ARG 4,275 ▲ 0.59% ECOPETROL 16.02 ▲ 0.88% BANCOLOMBIA 81.42 ▲ 1.24% GRUPO AVAL 4.90 ▼ 0.20% CREDICORP 390.68 ▲ 0.38% SOUTHERN COPPER 179.93 ▲ 3.09% BUENAVENTURA 30.69 ▲ 2.92% MERCADOLIBRE 1,870 ▲ 0.16% NUBANK 14.01 ▲ 2.45% XP 16.78 ▲ 2.47% PAGSEGURO 9.24 ▼ 0.48% STONE 11.21 ▲ 0.49% GLOBANT 31.69 ▼ 1.34% TECNOGLASS 43.50 ▲ 1.54% GAP AIRPORT 223.43 ▼ 4.01% ASUR 277.95 ▼ 0.25% OMA AIRPORT 107.22 ▲ 1.03% AMX ADR 26.19 ▲ 0.61% FEMSA ADR 134.13 ▲ 3.97% CEMEX ADR 12.75 ▲ 2.37% PETROBRAS ADR 17.91 ▲ 0.17% VALE ADR 14.57 ▲ 2.72% ITAU ADR 8.54 ▲ 0.77% SANTANDER BR 5.40 ▲ 0.84% AMBEV ADR 3.10 ▲ 1.14% CSN 1.02 ▼ 1.46% GERDAU 4.58 ▲ 1.89% LATAM ADR 53.76 ▲ 0.81% BTC 64,431 ▲ 3.52% ETH 1,867 ▲ 5.26% SOL 76.96 ▲ 2.80% XRP 1.10 ▲ 3.27% BNB 579.51 ▲ 2.27% ADA 0.16 ▲ 4.18% DOGE 0.07 ▲ 3.46% AVAX 6.63 ▲ 2.88% LINK 8.24 ▲ 4.69% DOT 0.85 ▲ 1.85% LTC 44.52 ▲ 2.37% BCH 236.64 ▲ 0.17% TRX 0.33 ▲ 0.37% XLM 0.18 ▲ 1.79% HBAR 0.07 ▲ 0.29% NEAR 2.03 ▲ 6.01% ATOM 1.55 ▲ 1.04% AAVE 99.15 ▲ 5.08% SELIC 14.25% EMBRAER 82.80 ▼ 0.25% EMBRAER ADR 65.27 ▲ 1.22% JBS 11.81 ▲ 0.08% JBS BDR 59.82 ▼ 1.30% MBRF3 16.09 ▲ 2.35% MBRFY 3.10 ▲ 1.64% INTER 5.65 — 0.00% EGX 52,299 ▼ 0.59% USD/ZAR16.37▼ 0.66% USD/NGN1,381▲ 0.07% NIKKEI 67,744 ▲ 0.74% CSI300 4,797 ▲ 2.15% HSI 24,341 ▲ 0.52% NIFTY 24,052 ▼ 0.66% KOSPI 6,857 ▲ 0.73% JCI 6,040 ▲ 0.03% USD/JPY162.18▼ 0.16% USD/CNY6.76▼ 0.31% DAX 25,147 ▲ 0.13% CAC 8,367 ▲ 0.03% FTSE 10,529 ▲ 0.30% MIB 52,863 ▲ 0.10% IBEX 19,357 ▲ 0.11% STOXX 642.10 ▲ 0.17% EUR/USD1.14▲ 0.39% GBP/USD1.34▼ 0.07% SPX 7,550 ▲ 0.46% DJI 52,471 ▼ 0.05% NDX 29,651 ▲ 1.32% RUT 2,964 ▲ 0.37% TSX 35,304 ▲ 0.14% VIX 16.45 ▼ 4.14% USD/CAD1.41▼ 0.61% US10Y 4.5850 ▼ 0.52% IBOV 175,971 ▲ 0.13% IPSA 10,928 ▲ 0.16% IPC MEX 66,597 ▲ 0.95% MERVAL 3,232,223 ▼ 0.09% COLCAP 2,292.84 ▼ 0.64% BVL PERÚ 56,428.20 ▲ 1.53% USD/BRL 5.07 ▼ 1.24% USD/MXN 17.42 ▼ 0.62% USD/CLP 924.68 ▼ 0.88% USD/COP 3,251 ▼ 0.36% USD/PEN 3.39 ▼ 0.65% USD/ARS 1,473 ▼ 0.71% USD/UYU 40.23 ▲ 0.99% USD/PYG 6,039 ▲ 1.12% USD/BOB 10.35 ▲ 6.04% USD/DOP 58.34 ▲ 0.44% USD/CRC 448.93 ▲ 1.31% USD/GTQ 7.62 ▲ 2.07% USD/HNL 26.73 ▲ 1.38% USD/NIO 36.62 ▲ 0.63% USD/VES 722.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.98 ▲ 0.25% USD/TTD 6.75 ▲ 1.19% EUR/BRL 5.80 ▼ 0.43% BRENT 84.61 ▲ 1.57% WTI 79.07 ▲ 1.19% IRON ORE 161.91 — — COPPER 6.38 ▲ 2.29% GOLD 4,070 ▲ 1.84% SILVER 59.16 ▲ 2.65% SOY 1,192 ▼ 0.81% CORN 460.50 ▲ 5.20% WHEAT 645.50 ▲ 2.95% COFFEE 325.15 ▼ 4.76% SUGAR 14.92 ▲ 1.15% ORANGE JUICE 140.90 ▼ 1.16% COTTON 81.68 ▲ 2.32% COCOA 5,921 ▲ 3.95% BEEF 231.68 ▼ 1.30% CATTLE 348.38 ▼ 1.69% LITHIUM 71.24 ▲ 1.43% PETR4 40.60 ▼ 0.15% VALE3 74.03 ▲ 1.62% ITUB4 43.39 ▼ 0.30% BBDC4 18.51 ▼ 1.39% ABEV3 15.85 ▲ 0.13% BBAS3 20.49 ▲ 1.24% B3SA3 15.32 ▲ 1.32% WEGE3 44.23 ▼ 0.36% PRIO3 56.91 ▼ 0.51% SUZB3 41.37 ▼ 0.29% RENT3 40.43 ▲ 0.57% AZZA3 18.78 ▼ 2.29% CSAN3 3.88 ▼ 0.51% RAIZ4 0.31 ▼ 6.06% PCAR3 2.47 ▼ 4.63% GMAT3 3.95 ▲ 0.25% PSSA3 54.21 ▲ 0.31% CVCB3 1.30 ▲ 4.00% POSI3 3.93 ▼ 1.50% SLCE3 13.70 ▼ 1.23% NATU3 8.51 ▼ 1.05% BRKM5 6.65 ▼ 4.18% RANI3 8.03 ▲ 1.01% CSNA3 5.12 ▼ 2.29% CMIN3 5.15 ▼ 5.50% USIM5 8.26 ▼ 1.43% GGBR4 23.16 ▲ 1.49% ENEV3 26.77 ▼ 0.41% CPFE3 47.23 ▲ 0.83% CMIG4 11.12 ▲ 0.45% EQTL3 40.73 ▲ 1.29% LREN3 14.12 ▼ 0.21% VIVT3 35.43 ▲ 2.02% RAIL3 14.13 ▲ 0.14% KLABIN 17.40 ▼ 0.46% RAIA DROGASIL 18.36 ▲ 0.88% RDOR3 35.72 ▲ 0.45% HAPV3 10.65 ▲ 1.82% FLRY3 16.34 ▲ 1.18% SMTO3 16.18 ▼ 1.16% UGPA3 29.86 ▼ 3.46% VBBR3 32.82 ▲ 0.18% BBSE3 40.23 ▼ 0.12% BPAC11 57.71 ▲ 0.33% CURY3 32.67 ▼ 1.36% AERI3 2.08 — 0.00% VIVARA 23.35 ▲ 1.04% COMPASS 25.19 ▲ 1.70% VAMOS 3.05 ▲ 0.99% SANB11 27.28 ▼ 0.33% ASAI3 8.65 ▼ 0.69% SBSP3 30.34 ▼ 0.10% WALMEX 49.59 ▼ 0.12% GMEXICO 199.76 ▲ 2.13% FEMSA 233.57 ▲ 3.64% CEMEX 22.14 ▲ 1.65% GFNORTE 186.63 ▲ 2.50% BIMBO 56.46 ▲ 1.06% TELEVISA 9.47 ▼ 1.46% AMX 22.86 ▲ 1.20% GAP 389.03 ▼ 4.69% ASUR 277.95 ▼ 0.25% OMA 233.41 ▲ 0.04% KOF 182.03 ▲ 0.42% GRUMA 282.21 ▲ 0.30% KIMBER 38.39 ▲ 0.44% SQM-B 67,601 ▲ 0.58% COPEC 6,077 ▲ 0.33% BSANTANDER 78.86 ▲ 0.84% FALABELLA 5,933 ▲ 0.48% ENELAM 85.43 ▲ 1.46% CENCOSUD 2,044 ▲ 0.20% CMPC 1,076 ▼ 0.19% BANCO CHILE 188.21 ▲ 1.74% LATAM AIR 24.88 ▼ 0.08% YPF 77,275 ▲ 0.13% GGAL 7,990 ▼ 1.11% PAMPA 5,210 ▼ 0.29% TXAR 663.00 ▼ 0.23% ALUAR 955.00 ▼ 0.99% TGS 9,705 ▲ 1.41% CEPU 2,315 ▼ 0.17% MIRGOR 16,825 ▼ 1.03% COME 45.15 ▲ 0.83% LOMA NEGRA 3,555 ▲ 1.64% BYMA 302.00 ▼ 2.03% TELECOM ARG 4,275 ▲ 0.59% ECOPETROL 16.02 ▲ 0.88% BANCOLOMBIA 81.42 ▲ 1.24% GRUPO AVAL 4.90 ▼ 0.20% CREDICORP 390.68 ▲ 0.38% SOUTHERN COPPER 179.93 ▲ 3.09% BUENAVENTURA 30.69 ▲ 2.92% MERCADOLIBRE 1,870 ▲ 0.16% NUBANK 14.01 ▲ 2.45% XP 16.78 ▲ 2.47% PAGSEGURO 9.24 ▼ 0.48% STONE 11.21 ▲ 0.49% GLOBANT 31.69 ▼ 1.34% TECNOGLASS 43.50 ▲ 1.54% GAP AIRPORT 223.43 ▼ 4.01% ASUR 277.95 ▼ 0.25% OMA AIRPORT 107.22 ▲ 1.03% AMX ADR 26.19 ▲ 0.61% FEMSA ADR 134.13 ▲ 3.97% CEMEX ADR 12.75 ▲ 2.37% PETROBRAS ADR 17.91 ▲ 0.17% VALE ADR 14.57 ▲ 2.72% ITAU ADR 8.54 ▲ 0.77% SANTANDER BR 5.40 ▲ 0.84% AMBEV ADR 3.10 ▲ 1.14% CSN 1.02 ▼ 1.46% GERDAU 4.58 ▲ 1.89% LATAM ADR 53.76 ▲ 0.81% BTC 64,431 ▲ 3.52% ETH 1,867 ▲ 5.26% SOL 76.96 ▲ 2.80% XRP 1.10 ▲ 3.27% BNB 579.51 ▲ 2.27% ADA 0.16 ▲ 4.18% DOGE 0.07 ▲ 3.46% AVAX 6.63 ▲ 2.88% LINK 8.24 ▲ 4.69% DOT 0.85 ▲ 1.85% LTC 44.52 ▲ 2.37% BCH 236.64 ▲ 0.17% TRX 0.33 ▲ 0.37% XLM 0.18 ▲ 1.79% HBAR 0.07 ▲ 0.29% NEAR 2.03 ▲ 6.01% ATOM 1.55 ▲ 1.04% AAVE 99.15 ▲ 5.08% SELIC 14.25% EMBRAER 82.80 ▼ 0.25% EMBRAER ADR 65.27 ▲ 1.22% JBS 11.81 ▲ 0.08% JBS BDR 59.82 ▼ 1.30% MBRF3 16.09 ▲ 2.35% MBRFY 3.10 ▲ 1.64% INTER 5.65 — 0.00% EGX 52,299 ▼ 0.59% USD/ZAR 16.36 ▼ 0.57% USD/NGN 1,381 ▲ 0.20% NIKKEI 67,744 ▲ 0.74% CSI300 4,797 ▲ 2.15% HSI 24,341 ▲ 0.52% NIFTY 24,052 ▼ 0.66% KOSPI 6,857 ▲ 0.73% JCI 6,040 ▲ 0.03% USD/JPY 162.17 ▼ 0.16% USD/CNY 6.7592 ▼ 0.17% DAX 25,147 ▲ 0.13% CAC 8,367 ▲ 0.03% FTSE 10,529 ▲ 0.30% MIB 52,863 ▲ 0.10% IBEX 19,357 ▲ 0.11% STOXX 642.10 ▲ 0.17% EUR/USD 1.1429 ▲ 0.37% GBP/USD 1.3378 ▲ 0.22% SPX 7,550 ▲ 0.46% DJI 52,471 ▼ 0.05% NDX 29,651 ▲ 1.32% RUT 2,964 ▲ 0.37% TSX 35,304 ▲ 0.14% VIX 16.45 ▼ 4.14% USD/CAD 1.4069 ▼ 0.59% US10Y 4.5850 ▼ 0.52%
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Tuesday, July 14, 2026

Opinion: Brazil’s Rumor Mill

By · July 7, 2017 · 2 min read

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Opinion, by Michael Royster

RIO DE JANEIRO, BRAZIL – There have always been lots of rumors circulating about the Lava Jato (Car Wash) investigation, but last week they have been growing faster and more substantial. Most of them concern President Temer, who is currently facing charges of passive corruption.

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Michael Royster, aka The Curmudgeon.
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The constitution requires that a 2/3 vote of the federal Chamber of Deputies vote in favor of having a trial of a sitting President charged with “ordinary” (as opposed to “impeachable”) crimes. If a trial happens, the President must step down for 180 days and Rodrigo Maia, the President of the Chamber, will become President during that period.

The President is currently doing what he can to convince federal deputies that they should vote against the trial. The two dozen political parties are also doing what they can to decide which way they should vote.

One thing the president can do is award lots of money to pet projects of those deputies who (or so they claim) are sitting on the fence, unable to decide which way they will jump. Many deputies, who feel their projects have been neglected, have come for dinner at the presidential palace, tin cup in hand.

Another thing the president can do is consult with his lawyers; better yet, he can consult with STF Justice Gilmar Mendes, who has announced that he does not favor anyone other than Temer being President until the 2018 elections. So Justice Gilmar also went round for dinner with Temer and his two most trusted allies — both facing criminal charges.

As a digression, there is a rumor that Gilmar is going to resign his STF position and run for Senator in Goiás. Don’t hold your breath: he has more power as a judge.

On the other hand, the political parties are now seriously thinking about whether they really want to have an embattled President Temer in power, as it becomes increasingly obvious that his influence is waning. The parties now realize that Rodrigo Maia can give them what they need if he’s President of the Republic rather than merely President of the Chamber.

And so the rumors swirl, all waiting on votes in the commission on constitution and justice, and after that in the full chamber. At this point it’s anyone’s guess what will happen, but if the Curmudgeon were a betting man, he’d bet that the “Dump Temer” troupe will win the day, and that Rodrigo Maia will soon become President.

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