Brazil's market rise after presidential election

Brazil's market rise after presidential election

Bolsonaro ran on an anti-corruption, pro-gun and tough-on-crime platform.

During the court hearing, the nine magistrates said police action on university campuses should stop, because it affects freedom of expression and thought at the universities.

That juxtaposition underscored that the end of the election was not the end of acrimony and that myriad challenges lay ahead for Latin America's largest nation.

An outspoken admirer of US President Donald Trump, Bolsonaro also pledged to realign Brazil with more advanced economies, overhauling diplomatic priorities after almost a decade and a half of leftist rule.

Onyx Lorenzoni, a fellow congressman whom Bolsonaro has tapped as chief of staff, told journalists that Guedes would be responsible for structuring the government's relationship with an independent, autonomous central bank with targets.

He said he meant to speak to Judge Sergio Moro "soon" and invite him to the justice ministry or to the Supreme Court. Mr. Bolsonaro brings to high office the promise to reduce regulation and tax and boost investor confidence, and also the threat to more extensively exploit Brazil's vast natural resources, including the Amazon rainforest; he has proposed to build a highway through it.

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Although politicians of all stripes have fallen in the "Car Wash" probe, Moro has been accused of being particularly merciless on the left - especially former president Luiz Inacio Lula da Silva.

May Boeve, executive director at climate NGO 350.org, warned that a Bolsonaro presidency posed "a real threat to human rights at home and a risk to the momentum for climate action overseas". The next vacancy on the court is expected in 2020.

"I think there's a great opportunity here for the PT and other parties to put themselves on the side of good, to rally around issues historically linked to fundamental and individual rights", said Cesar Zucco, a political scientist at the Getulio Vargas Foundation.

During his campaign, the right-winger imitated U.S. President Donald Trump's strategy of aggressively confronting the media. "So to me, it seems like there's a big, big danger that not only you see the elites accepting some kind of authoritarian discourse, but also the fact that people are supporting this because they're so fed up with politics".

Activists are particularly anxious about the implications for the Amazon rainforest, the "lungs of the planet", which is already losing an area the size of Costa Rica to deforestation each year. Folha got 14.6 million reais that year. He said he was committed to fiscal discipline and called for the early elimination of the federal government´s budget deficit.

Moro did not respond to requests for comment.

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