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E-MINI S&P (Z1): Lower But Still Above The 50-Day EMA

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Corrective Pullback

EUROZONE ISSUANCE

EGB Supply For W/C Sep 27, 2021

BRAZIL

SENATE: Four parliamentarians run for office of which the two main candidates are: Simone Tebet (Brazilian Democratic Movement), Rodrigo Pacheco (Centre Right party).


Bolsonaro has sided with Pacheco, a centrist leader who is expected to win, despite his main competitor representing the largest party in the house.


CHAMBER: So far, nine deputies are running for president. The dispute, however, is polarized between the candidacies of deputies Arthur Lira (Progressistas) and Baleia Rossi (Brazilian Democratic Movement). Rossi has the support of the current President of the House, however, Lira remains the favoured candidate of Bolsonaro.


The speaker of the lower house is the second in the President's succession line. It is interesting to note, especially given the recent murmurings of impeachment for Bolsonaro following the Manaus crisis, the president of the Chamber of Deputies has the final say on requests to open impeachment proceedings. For reference, there have been more than 60 impeachment requests filed to the lower house speaker so far.

MNI London Bureau | +44 020 3983 7893 | jack.lewis@marketnews.com