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Brazil's Lula predicts policies in place within 100 days, reassures markets

Friday, January 13, 2023
Brazil's Lula predicts policies in place within 100 days, reassures markets © Reuters. Brazil's President Luiz Inacio Lula da Silva attends a breakfast with journalists at Planalto Palace in Brasilia January 12, 2023. REUTERS/Adriano Machado

BRASILIA (Reuters) - Brazil's leftist President Luiz Inacio Lula da Silva said on Thursday that he plans to have policies ready within 100 days so the country "runs at normal speed" again and told financial markets they should not worry about his Workers Party government.

Addressing Sunday's storming of government building in Brasilia by supporters of former President Jair Bolsonaro, Lula told reporters that "what happened was a huge warning, we won the election but fanatic Bolsonaro supporters are very dangerous."

"Going forward we will be tougher and even more cautious," he said. "We must find out who is funding these acts, that is what puts democracy at risk.

Supporters of right-wing Bolsonaro ransacked Brazil's Congress, Supreme Court and presidential palace on Sunday, calling for a military coup to overturn the October election won by Lula.

Despite the events, Lula said Defense Minister Jose Mucio will remain in office, saying "I trust him."

"If I had to fire a minister every time they made a mistake, the turnaround would be enormous," Lula said.

The 77-year-old President also said that markets should not worry about his Workers Party government.

"I always oversaw primary surpluses", said Lula, who was also President of Brazil between 2003 and 2010.

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04-03-2024 01:48:58 (UTC+7)

EUR/USD

1.0837

+0.0034 (+0.31%)

Summary

↑ Sell

Moving Avg:

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Sell (12)

Indicators:

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EUR/USD

1.0837

+0.0034 (+0.31%)

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↑ Sell

Moving Avg:

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Sell (12)

Indicators:

Buy (2)

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GBP/USD

1.2655

+0.0032 (+0.25%)

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Sell

Moving Avg:

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Sell (5)

USD/JPY

150.10

+0.12 (+0.08%)

Summary

Buy

Moving Avg:

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Sell (3)

Indicators:

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AUD/USD

0.6525

+0.0031 (+0.47%)

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Moving Avg:

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USD/CAD

1.3562

-0.0014 (-0.10%)

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162.73

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0.9577

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79.81

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Euro Stoxx 50

4,894.05

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S&P 500

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7,682.50

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28.33

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 EUR/USD1.0837↑ Sell
 GBP/USD1.2655Sell
 USD/JPY150.10Buy
 AUD/USD0.6525↑ Sell
 USD/CAD1.3562↑ Buy
 EUR/JPY162.73↑ Buy
 EUR/CHF0.9577↑ Buy
 Gold2,091.60↑ Sell
 Silver23.345↑ Sell
 Copper3.8585↑ Sell
 Crude Oil WTI79.81Buy
 Brent Oil83.46↑ Buy
 Natural Gas1.836↑ Buy
 US Coffee C184.13Neutral
 Euro Stoxx 504,894.05Buy
 S&P 5005,137.08↑ Buy
 DAX17,735.00↑ Sell
 FTSE 1007,682.50↑ Sell
 Hang Seng16,589.44↑ Buy
 Small Cap 20002,076.39↑ Buy
 IBEX 3510,064.70↑ Buy
 BASF47.985↑ Sell
 Bayer28.33↑ Sell
 Allianz251.80Buy
 Adidas187.00↑ Buy
 Lufthansa7.191Sell
 Siemens AG181.28Sell
 Deutsche Bank AG12.566Neutral
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Cập nhật lúc 18:52:54 03/03/2024
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