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Markets Re-Open Following Tiradentes Day Holiday

BRAZIL
  • Central Bank president Roberto Campos Neto remains in Washington D.C. and is scheduled to meet U.S. Treasury Deputy Secretary, Wally Adeyemo, at 2pm (Brasilia time).
    • Earlier on Friday, the central banker speaks to investors in an encounter organized by XP Investimentos and, later, attends meetings with IMF.
  • President Bolsonaro’s administration is facing an uphill battle to privatize Brazil’s power utility Eletrobras as another delay to its approval process brings the potential sale closer to the October presidential election.
  • (Reuters) - Brazilian President Jair Bolsonaro said on Thursday that he would pardon an allied federal congressman who was sentenced to nearly nine years in prison by the Supreme Court, a move likely to heighten tensions between the nation's executive and judiciary during an election year.

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