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▶youtube BusinessMarkets first seen 2 d ago, last 5 h ago, peak #7

Brazilian stock market slides on Lula's first day in office

Original: STOCK MARKET FREEZES ON LULA'S FIRST DAY | Did Cariani lose money?

Brazil's stock market froze during Luiz Inácio Lula da Silva's first day back as president, drawing heavy commentary about investor reaction to his new government. Financial commentators also discussed Thiago Nigro, known as O Primo Rico, and whether his associate Cariani lost money in the downturn. The episode has fuelled debate in Brazil about market confidence in the incoming administration and its economic plans.

Why now: Investors and finance commentators are reacting to the market's weak performance on the day Lula took office, seeing it as a signal of confidence in his government.

Luiz Inácio Lula da SilvaBrazilian stock marketThiago Nigro (O Primo Rico)Cariani

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