IBOV 176,140.57 ▲ 1.62% IPSA 10,974.16 ▲ 0.18% IPC MEX 66,709.60 ▲ 0.88% MERVAL 3,343,345 ▲ 1.87% COLCAP 2,312.45 ▲ 0.48% BVL PERÚ 57,575.02 — — USD/BRL5.05▼ 0.37% USD/MXN17.40▼ 0.09% USD/CLP936.62▲ 0.10% USD/COP3,209▼ 1.45% USD/PEN3.40▲ 0.10% USD/ARS1,481▲ 0.22% USD/UYU40.14▲ 1.07% USD/PYG6,035▲ 1.50% USD/BOB10.95▲ 3.79% USD/DOP58.34▲ 0.24% USD/CRC447.42▲ 1.35% USD/GTQ7.62▲ 2.27% USD/HNL26.74▲ 1.52% USD/NIO36.62▲ 0.72% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.36% USD/TTD6.71▲ 0.76% EUR/BRL5.77▼ 0.92% BRENT 93.47 ▲ 2.70% WTI 86.40 ▲ 1.75% IRON ORE 161.91 — — COPPER 6.49 ▼ 0.27% GOLD 4,153 ▲ 2.01% SILVER 60.39 ▲ 2.64% SOY 1,238 ▲ 1.50% CORN 484.00 ▲ 6.90% WHEAT 704.50 ▲ 3.91% COFFEE 317.30 ▼ 4.41% SUGAR 14.73 ▼ 1.01% ORANGE JUICE 150.00 ▲ 4.31% COTTON 81.36 ▲ 3.04% COCOA 5,326 ▼ 5.01% BEEF 220.10 ▼ 2.90% CATTLE 338.35 ▼ 3.20% LITHIUM 69.44 ▲ 0.52% PETR4 42.39 ▲ 1.75% VALE3 74.79 ▲ 3.53% ITUB4 42.61 ▲ 0.19% BBDC4 18.76 ▲ 1.13% ABEV3 16.03 ▲ 1.46% BBAS3 20.91 ▲ 0.14% B3SA3 15.66 ▲ 3.23% WEGE3 46.48 ▲ 9.44% PRIO3 59.30 ▲ 1.93% SUZB3 42.05 ▲ 1.01% RENT3 36.91 ▲ 0.99% AZZA3 17.64 ▲ 0.92% CSAN3 3.93 ▲ 3.97% RAIZ4 0.27 — 0.00% PCAR3 2.72 ▼ 0.37% GMAT3 3.84 ▲ 0.26% PSSA3 54.90 ▲ 2.66% CVCB3 1.23 ▲ 9.82% POSI3 3.75 ▲ 1.90% SLCE3 13.87 ▲ 0.87% NATU3 8.79 ▲ 0.92% BRKM5 6.13 ▲ 7.36% RANI3 8.00 ▲ 1.39% CSNA3 5.36 ▲ 5.93% CMIN3 5.82 ▲ 4.30% USIM5 8.67 ▲ 2.48% GGBR4 23.87 ▲ 1.62% ENEV3 25.78 ▲ 1.42% CPFE3 46.60 ▲ 0.43% CMIG4 11.14 ▲ 1.09% EQTL3 39.22 ▲ 1.00% LREN3 13.44 ▲ 1.28% VIVT3 35.35 ▼ 1.26% RAIL3 13.63 ▲ 2.95% KLABIN 17.87 ▲ 1.59% RAIA DROGASIL 18.38 ▲ 1.38% RDOR3 34.20 ▲ 0.83% HAPV3 11.44 ▲ 1.78% FLRY3 16.54 ▼ 0.06% SMTO3 16.12 ▲ 3.47% UGPA3 32.52 ▲ 2.20% VBBR3 34.65 ▲ 2.06% BBSE3 42.37 ▲ 1.97% BPAC11 56.59 ▲ 2.20% CURY3 30.12 ▲ 0.57% AERI3 2.05 ▲ 0.49% VIVARA 21.35 ▼ 0.28% COMPASS 24.73 ▲ 1.19% VAMOS 3.19 ▲ 3.24% SANB11 26.64 ▼ 2.09% ASAI3 8.44 ▲ 2.30% SBSP3 29.18 ▲ 2.03% WALMEX 48.78 ▼ 0.75% GMEXICO 213.66 ▲ 2.24% FEMSA 228.52 ▲ 0.79% CEMEX 22.06 ▼ 0.05% GFNORTE 190.15 ▲ 2.34% BIMBO 60.11 ▲ 1.21% TELEVISA 9.92 ▲ 1.64% AMX 22.64 ▼ 0.53% GAP 375.69 ▼ 0.75% ASUR 271.02 ▼ 1.43% OMA 227.93 ▲ 0.74% KOF 182.42 ▲ 1.08% GRUMA 279.51 ▼ 1.09% KIMBER 38.89 ▲ 1.28% SQM-B 64,875 ▲ 0.52% COPEC 6,530 ▲ 1.24% BSANTANDER 79.14 ▲ 0.16% FALABELLA 5,947 ▲ 0.47% ENELAM 84.28 ▼ 0.30% CENCOSUD 2,010 ▼ 0.88% CMPC 1,079 ▼ 0.46% BANCO CHILE 190.39 ▲ 0.20% LATAM AIR 24.09 ▼ 0.45% YPF 81,975 ▲ 1.67% GGAL 8,200 ▲ 2.95% PAMPA 5,565 ▲ 1.64% TXAR 675.00 ▼ 0.59% ALUAR 972.00 ▼ 0.10% TGS 9,830 ▲ 1.24% CEPU 2,369 ▲ 1.24% MIRGOR 16,900 ▲ 0.75% COME 43.29 ▲ 0.98% LOMA NEGRA 3,685 ▲ 2.22% BYMA 295.50 ▲ 1.11% TELECOM ARG 4,345 ▲ 2.12% ECOPETROL 16.75 ▲ 1.34% BANCOLOMBIA 84.30 ▲ 0.79% GRUPO AVAL 5.04 ▼ 0.98% CREDICORP 388.00 ▼ 0.79% SOUTHERN COPPER 194.53 ▲ 3.47% BUENAVENTURA 32.19 ▲ 3.01% MERCADOLIBRE 1,808 ▼ 0.82% NUBANK 14.00 ▼ 2.71% XP 17.07 ▲ 1.31% PAGSEGURO 9.55 ▼ 0.30% STONE 11.18 ▼ 0.67% GLOBANT 31.55 ▼ 1.71% TECNOGLASS 45.35 ▲ 0.44% GAP AIRPORT 216.27 ▼ 0.65% ASUR 271.02 ▼ 1.43% OMA AIRPORT 104.88 ▲ 0.62% AMX ADR 26.02 ▼ 0.27% FEMSA ADR 131.35 ▲ 0.76% CEMEX ADR 12.69 ▼ 0.12% PETROBRAS ADR 18.89 ▲ 1.86% VALE ADR 14.77 ▲ 3.61% ITAU ADR 8.41 ▲ 0.06% SANTANDER BR 5.37 ▼ 0.83% AMBEV ADR 3.14 ▲ 0.96% CSN 1.07 ▲ 7.00% GERDAU 4.72 ▲ 1.81% LATAM ADR 51.21 ▼ 0.71% BTC 66,155 ▼ 0.53% ETH 1,947 ▲ 0.95% SOL 78.52 ▲ 0.53% XRP 1.15 ▲ 0.76% BNB 574.93 ▲ 0.23% ADA 0.18 ▲ 3.43% DOGE 0.07 ▲ 0.19% AVAX 6.63 ▲ 1.05% LINK 8.70 ▲ 0.65% DOT 0.85 ▲ 0.73% LTC 46.89 ▲ 0.16% BCH 220.99 ▼ 1.21% TRX 0.33 ▼ 0.28% XLM 0.19 ▼ 0.42% HBAR 0.07 ▲ 5.76% NEAR 1.89 ▼ 2.38% ATOM 1.47 ▼ 1.02% AAVE 98.06 ▲ 2.60% SELIC 14.25% EMBRAER 83.69 ▲ 1.26% INTER 5.54 ▼ 0.81% EGX 53,932 ▼ 0.11% USD/ZAR16.40▼ 0.46% USD/NGN1,370▼ 0.55% NIKKEI 66,116 ▼ 0.18% CSI300 4,717 ▼ 0.46% HSI 24,893 ▼ 0.95% NIFTY 23,996 ▼ 0.79% KOSPI 6,798 ▲ 0.74% JCI 6,334 ▼ 0.09% USD/JPY163.12▼ 0.03% USD/CNY6.76▼ 0.08% DAX 25,155 ▲ 0.58% CAC 8,438 ▲ 0.89% FTSE 10,717 ▲ 1.24% MIB 52,792 ▲ 0.97% IBEX 19,571 ▲ 0.99% STOXX 646.93 ▲ 0.58% EUR/USD1.14▲ 0.13% GBP/USD1.34▼ 0.44% SPX 7,522 ▲ 0.17% DJI 52,376 ▲ 0.29% NDX 29,156 — 0.00% RUT 2,966 ▼ 0.72% TSX 35,483 ▲ 0.32% VIX 16.77 ▼ 1.64% USD/CAD1.41▼ 0.11% US10Y 4.6460 ▲ 0.39% IBOV 176,140.57 ▲ 1.62% IPSA 10,974.16 ▲ 0.18% IPC MEX 66,709.60 ▲ 0.88% MERVAL 3,343,345 ▲ 1.87% COLCAP 2,312.45 ▲ 0.48% BVL PERÚ 57,575.02 — — USD/BRL 5.05 ▼ 0.37% USD/MXN 17.40 ▼ 0.09% USD/CLP 936.62 ▲ 0.10% USD/COP 3,209 ▼ 1.45% USD/PEN 3.40 ▲ 0.05% USD/ARS 1,481 ▲ 0.22% USD/UYU 40.14 ▲ 1.07% USD/PYG 6,035 ▲ 1.50% USD/BOB 10.95 ▲ 3.79% USD/DOP 58.34 ▲ 0.24% USD/CRC 447.42 ▲ 1.35% USD/GTQ 7.62 ▲ 2.27% USD/HNL 26.74 ▲ 1.52% USD/NIO 36.62 ▲ 0.72% USD/VES 735.39 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.35% USD/TTD 6.71 ▲ 0.76% EUR/BRL 5.77 ▼ 0.92% BRENT 93.47 ▲ 2.70% WTI 86.40 ▲ 1.75% IRON ORE 161.91 — — COPPER 6.49 ▼ 0.27% GOLD 4,153 ▲ 2.01% SILVER 60.39 ▲ 2.64% SOY 1,238 ▲ 1.50% CORN 484.00 ▲ 6.90% WHEAT 704.50 ▲ 3.91% COFFEE 317.30 ▼ 4.41% SUGAR 14.73 ▼ 1.01% ORANGE JUICE 150.00 ▲ 4.31% COTTON 81.36 ▲ 3.04% COCOA 5,326 ▼ 5.01% BEEF 220.10 ▼ 2.90% CATTLE 338.35 ▼ 3.20% LITHIUM 69.44 ▲ 0.52% PETR4 42.39 ▲ 1.75% VALE3 74.79 ▲ 3.53% ITUB4 42.61 ▲ 0.19% BBDC4 18.76 ▲ 1.13% ABEV3 16.03 ▲ 1.46% BBAS3 20.91 ▲ 0.14% B3SA3 15.66 ▲ 3.23% WEGE3 46.48 ▲ 9.44% PRIO3 59.30 ▲ 1.93% SUZB3 42.05 ▲ 1.01% RENT3 36.91 ▲ 0.99% AZZA3 17.64 ▲ 0.92% CSAN3 3.93 ▲ 3.97% RAIZ4 0.27 — 0.00% PCAR3 2.72 ▼ 0.37% GMAT3 3.84 ▲ 0.26% PSSA3 54.90 ▲ 2.66% CVCB3 1.23 ▲ 9.82% POSI3 3.75 ▲ 1.90% SLCE3 13.87 ▲ 0.87% NATU3 8.79 ▲ 0.92% BRKM5 6.13 ▲ 7.36% RANI3 8.00 ▲ 1.39% CSNA3 5.36 ▲ 5.93% CMIN3 5.82 ▲ 4.30% USIM5 8.67 ▲ 2.48% GGBR4 23.87 ▲ 1.62% ENEV3 25.78 ▲ 1.42% CPFE3 46.60 ▲ 0.43% CMIG4 11.14 ▲ 1.09% EQTL3 39.22 ▲ 1.00% LREN3 13.44 ▲ 1.28% VIVT3 35.35 ▼ 1.26% RAIL3 13.63 ▲ 2.95% KLABIN 17.87 ▲ 1.59% RAIA DROGASIL 18.38 ▲ 1.38% RDOR3 34.20 ▲ 0.83% HAPV3 11.44 ▲ 1.78% FLRY3 16.54 ▼ 0.06% SMTO3 16.12 ▲ 3.47% UGPA3 32.52 ▲ 2.20% VBBR3 34.65 ▲ 2.06% BBSE3 42.37 ▲ 1.97% BPAC11 56.59 ▲ 2.20% CURY3 30.12 ▲ 0.57% AERI3 2.05 ▲ 0.49% VIVARA 21.35 ▼ 0.28% COMPASS 24.73 ▲ 1.19% VAMOS 3.19 ▲ 3.24% SANB11 26.64 ▼ 2.09% ASAI3 8.44 ▲ 2.30% SBSP3 29.18 ▲ 2.03% WALMEX 48.78 ▼ 0.75% GMEXICO 213.66 ▲ 2.24% FEMSA 228.52 ▲ 0.79% CEMEX 22.06 ▼ 0.05% GFNORTE 190.15 ▲ 2.34% BIMBO 60.11 ▲ 1.21% TELEVISA 9.92 ▲ 1.64% AMX 22.64 ▼ 0.53% GAP 375.69 ▼ 0.75% ASUR 271.02 ▼ 1.43% OMA 227.93 ▲ 0.74% KOF 182.42 ▲ 1.08% GRUMA 279.51 ▼ 1.09% KIMBER 38.89 ▲ 1.28% SQM-B 64,875 ▲ 0.52% COPEC 6,530 ▲ 1.24% BSANTANDER 79.14 ▲ 0.16% FALABELLA 5,947 ▲ 0.47% ENELAM 84.28 ▼ 0.30% CENCOSUD 2,010 ▼ 0.88% CMPC 1,079 ▼ 0.46% BANCO CHILE 190.39 ▲ 0.20% LATAM AIR 24.09 ▼ 0.45% YPF 81,975 ▲ 1.67% GGAL 8,200 ▲ 2.95% PAMPA 5,565 ▲ 1.64% TXAR 675.00 ▼ 0.59% ALUAR 972.00 ▼ 0.10% TGS 9,830 ▲ 1.24% CEPU 2,369 ▲ 1.24% MIRGOR 16,900 ▲ 0.75% COME 43.29 ▲ 0.98% LOMA NEGRA 3,685 ▲ 2.22% BYMA 295.50 ▲ 1.11% TELECOM ARG 4,345 ▲ 2.12% ECOPETROL 16.75 ▲ 1.34% BANCOLOMBIA 84.30 ▲ 0.79% GRUPO AVAL 5.04 ▼ 0.98% CREDICORP 388.00 ▼ 0.79% SOUTHERN COPPER 194.53 ▲ 3.47% BUENAVENTURA 32.19 ▲ 3.01% MERCADOLIBRE 1,808 ▼ 0.82% NUBANK 14.00 ▼ 2.71% XP 17.07 ▲ 1.31% PAGSEGURO 9.55 ▼ 0.30% STONE 11.18 ▼ 0.67% GLOBANT 31.55 ▼ 1.71% TECNOGLASS 45.35 ▲ 0.44% GAP AIRPORT 216.27 ▼ 0.65% ASUR 271.02 ▼ 1.43% OMA AIRPORT 104.88 ▲ 0.62% AMX ADR 26.02 ▼ 0.27% FEMSA ADR 131.35 ▲ 0.76% CEMEX ADR 12.69 ▼ 0.12% PETROBRAS ADR 18.89 ▲ 1.86% VALE ADR 14.77 ▲ 3.61% ITAU ADR 8.41 ▲ 0.06% SANTANDER BR 5.37 ▼ 0.83% AMBEV ADR 3.14 ▲ 0.96% CSN 1.07 ▲ 7.00% GERDAU 4.72 ▲ 1.81% LATAM ADR 51.21 ▼ 0.71% BTC 66,155 ▼ 0.53% ETH 1,947 ▲ 0.95% SOL 78.52 ▲ 0.53% XRP 1.15 ▲ 0.76% BNB 574.93 ▲ 0.23% ADA 0.18 ▲ 3.43% DOGE 0.07 ▲ 0.19% AVAX 6.63 ▲ 1.05% LINK 8.70 ▲ 0.65% DOT 0.85 ▲ 0.73% LTC 46.89 ▲ 0.16% BCH 220.99 ▼ 1.21% TRX 0.33 ▼ 0.28% XLM 0.19 ▼ 0.42% HBAR 0.07 ▲ 5.76% NEAR 1.89 ▼ 2.38% ATOM 1.47 ▼ 1.02% AAVE 98.06 ▲ 2.60% SELIC 14.25% EMBRAER 83.69 ▲ 1.26% INTER 5.54 ▼ 0.81% EGX 53,932 ▼ 0.11% USD/ZAR 16.40 ▼ 0.37% USD/NGN 1,370 ▼ 0.45% NIKKEI 66,116 ▼ 0.18% CSI300 4,717 ▼ 0.46% HSI 24,893 ▼ 0.95% NIFTY 23,996 ▼ 0.79% KOSPI 6,798 ▲ 0.74% JCI 6,334 ▼ 0.09% USD/JPY 163.12 ▼ 0.01% USD/CNY 6.7610 ▲ 0.06% DAX 25,155 ▲ 0.58% CAC 8,438 ▲ 0.89% FTSE 10,717 ▲ 1.24% MIB 52,792 ▲ 0.97% IBEX 19,571 ▲ 0.99% STOXX 646.93 ▲ 0.58% EUR/USD 1.1414 ▲ 0.09% GBP/USD 1.3372 ▼ 0.05% SPX 7,522 ▲ 0.17% DJI 52,376 ▲ 0.29% NDX 29,156 — 0.00% RUT 2,966 ▼ 0.72% TSX 35,483 ▲ 0.32% VIX 16.77 ▼ 1.64% USD/CAD 1.4092 ▼ 0.10% US10Y 4.6460 ▲ 0.39%
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Portugal’s Prime Minister Faces Confidence Vote Amid Scandal

By · March 5, 2025 · 2 min read

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Portugal’s Prime Minister Luís Montenegro announced on Wednesday that he will submit his year-old minority government to a parliamentary confidence vote.

This decision follows mounting pressure over allegations involving Spinumviva, a consultancy firm owned by his family. The controversy could lead to the government’s dismissal and potentially trigger the third early election since 2022.

At the center of the crisis is Spinumviva, which Montenegro founded in 2021 during a hiatus from politics. The firm reportedly earned €415,000 ($69,167) in 2022 through contracts with private companies, including Solverde, a casino and hotel group.

Solverde has been paying €4,500 ($750) monthly for compliance services since mid-2021. Critics argue these contracts may have improperly benefited Montenegro, who transferred ownership of the company to his wife and children in 2022.

The opposition claims this transfer is invalid under Portuguese law, as assets acquired after marriage are considered jointly owned. Montenegro denies any conflict of interest, stating that his government has been transparent.

Portugal’s Prime Minister Faces Confidence Vote Amid Scandal
Portugal’s Prime Minister Faces Confidence Vote Amid Scandal. (Photo Internet reproduction)
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“The country needs political clarity,” he told parliament. He criticized opposition parties for creating political instability and said his party is ready for elections if necessary.

Portugal’s Political Crisis

The Socialist Party (PS) and far-right Chega, which together control over half of parliament’s 230 seats, have declared they will vote against the motion.

If the motion fails, the constitution mandates the government’s resignation. Historically, only one of eleven confidence motions has led to a government’s dismissal since Portugal’s return to democracy in 1974.

President Marcelo Rebelo de Sousa could dissolve parliament and call early elections if Montenegro’s government falls. Currently, Montenegro’s center-right coalition holds 80 seats, while PS has 78 and Chega controls 50.

The political turmoil comes as Portugal prepares for municipal elections and faces economic challenges despite recent growth. Montenegro has defended his administration’s achievements but acknowledged that another election could further destabilize the country.

The confidence vote underscores deeper tensions within Portuguese politics and raises questions about governance amid ethical scrutiny. The outcome will determine whether Montenegro can weather this storm or if Portugal heads to yet another election cycle.

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