Brazil markets set to rally after Congress backs impeachment


  • World
  • Monday, 18 Apr 2016

SAO PAULO (Reuters) - Brazil's financial markets are expected to react with euphoria on Monday after the lower house of Congress backed impeachment proceedings against President Dilma Rousseff, analysts and traders said.

Brazil's stocks and currency have been among the world's best performing assets on bets that the leftist president's ouster would open the door to a more business-friendly administration, better equipped to lift the economy out of its worst recession since the 1930s.

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