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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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08-12-2023 18:27:43 (UTC+7)

EUR/USD

1.0782

-0.0010 (-0.09%)

Summary

↑ Sell

Moving Avg:

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Sell (12)

Indicators:

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EUR/USD

1.0782

-0.0010 (-0.09%)

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Sell (12)

Indicators:

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Sell (5)

GBP/USD

1.2586

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Buy

Moving Avg:

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Buy (4)

Sell (1)

USD/JPY

144.66

+0.54 (+0.37%)

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Buy (12)

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Buy (8)

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AUD/USD

0.6608

+0.0007 (+0.11%)

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Moving Avg:

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USD/CAD

1.3570

-0.0024 (-0.18%)

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Buy

Moving Avg:

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Buy (6)

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EUR/JPY

155.97

+0.38 (+0.24%)

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↑ Buy

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Buy (7)

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EUR/CHF

0.9433

-0.0014 (-0.15%)

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Neutral

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Gold Futures

2,045.95

-0.45 (-0.02%)

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Neutral

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Silver Futures

24.155

+0.096 (+0.40%)

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Copper Futures

3.8308

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Buy (8)

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Crude Oil WTI Futures

70.75

+1.41 (+2.03%)

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Brent Oil Futures

75.56

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Natural Gas Futures

2.606

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Buy (10)

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US Coffee C Futures

177.60

+0.10 (+0.06%)

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Buy (0)

Sell (12)

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Buy (0)

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Euro Stoxx 50

4,497.55

+23.78 (+0.53%)

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↑ Sell

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Buy (2)

Sell (10)

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Buy (1)

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S&P 500

4,585.59

+36.25 (+0.80%)

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↑ Buy

Moving Avg:

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DAX

16,663.15

+34.16 (+0.21%)

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Buy (1)

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FTSE 100

7,540.31

+26.59 (+0.35%)

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Sell

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Buy (3)

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Hang Seng

16,324.50

-18.00 (-0.11%)

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Sell

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Buy (5)

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Buy (1)

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US Small Cap 2000

1,868.25

+16.20 (+0.87%)

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↑ Buy

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IBEX 35

10,152.78

+6.78 (+0.07%)

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Sell

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BASF SE NA O.N.

45.135

+0.040 (+0.09%)

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↑ Buy

Moving Avg:

Buy (12)

Sell (0)

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Buy (11)

Sell (0)

Bayer AG NA

31.61

-0.22 (-0.69%)

Summary

↑ Buy

Moving Avg:

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Sell (4)

Indicators:

Buy (7)

Sell (0)

Allianz SE VNA O.N.

242.58

+0.42 (+0.17%)

Summary

Neutral

Moving Avg:

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Buy (5)

Sell (4)

Adidas AG

193.39

+2.29 (+1.20%)

Summary

↑ Buy

Moving Avg:

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Sell (5)

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Buy (7)

Sell (1)

Deutsche Lufthansa AG

8.360

-0.049 (-0.58%)

Summary

↑ Sell

Moving Avg:

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Sell (12)

Indicators:

Buy (0)

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Siemens AG Class N

162.07

+0.57 (+0.35%)

Summary

Neutral

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11.635

+0.069 (+0.60%)

Summary

Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (3)

Sell (5)

 EUR/USD1.0782↑ Sell
 GBP/USD1.2586Buy
 USD/JPY144.66↑ Buy
 AUD/USD0.6608↑ Sell
 USD/CAD1.3570Buy
 EUR/JPY155.97↑ Buy
 EUR/CHF0.9433Neutral
 Gold2,045.95Neutral
 Silver24.155↑ Sell
 Copper3.8308↑ Buy
 Crude Oil WTI70.75↑ Buy
 Brent Oil75.56↑ Buy
 Natural Gas2.606↑ Buy
 US Coffee C177.60↑ Sell
 Euro Stoxx 504,497.55↑ Sell
 S&P 5004,585.59↑ Buy
 DAX16,663.15↑ Sell
 FTSE 1007,540.31Sell
 Hang Seng16,324.50Sell
 Small Cap 20001,868.25↑ Buy
 IBEX 3510,152.78Sell
 BASF45.135↑ Buy
 Bayer31.61↑ Buy
 Allianz242.58Neutral
 Adidas193.39↑ Buy
 Lufthansa8.360↑ Sell
 Siemens AG162.07Neutral
 Deutsche Bank AG11.635Sell
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Cập nhật 08-12-2023 18:27:46
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Cập nhật lúc 18:22:05 08/12/2023
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