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Lula Says Would Not Privatize Petrobras, Polls Continue

BRAZIL
  • Brazil’s former president Luiz Inacio Lula da Silva said if elected he would not privatize Petrobras, Banco do Brasil, Caixa Economica Federal.
    • “The state will once again be an inductor in the economy”, said Lula also adding that, if elected, the minimum wage will increase every year. (BBG)
  • Datafolha, Ipespe and Modalmais release new electoral polls on the presidential race. Previous Datafolha poll published on Oct. 10 showed Lula with 49% of voting intentions while incumbent Jair Bolsonaro had 44%.
  • Data due today at 1300BST/0800ET:
    • Aug. IBGE Services Volume YoY NSA, est. 6.8%, prior 6.3%
    • Aug. IBGE Services Volume MoM SA, est. 0.2%, prior 1.1%

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