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Latinnews Daily - 25 January 2018

In brief: Brazil

*Markets rallied on the decreased chances that Brazil’s former president Lula da Silva (2003-2011) could win election once again this year. The São Paulo stock exchange (Bovespa) rose by 3.72% and the value of Brazil’s currency, the real, surged. Investors had been anxious about the prospect of another Lula presidency, fearing he would roll back market-friendly reforms pursued by President Michel Temer such as privatisation initiatives.

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