- EMERGING MARKETS-Brazil markets up on election hopes; Argentine peso jumps
Brazilian markets rose on
Friday after an opinion poll suggested far-right lawmaker Jair
Bolsonaro would do well against his main rival in a likely
second-round vote in this year's presidential election.
Bolsonaro has tapped University of Chicago-trained banker
Paulo Guedes as his main economic advisor, driving investors to
bet that he would act strongly to cut government spending and
curb growth of public debt.
- EMERGING MARKETS-Argentine peso, equities rise on IMF talks
and benchmark equities index rose sharply on Thursday amid
optimism over negotiations between the country's government and
the International Monetary Fund, as well as central bank
measures to strengthen the currency.
Argentina is seeking support from the IMF to strengthen a
$50 billion financing line designed to shore up the struggling
peso. On Thursday, the two parties appeared to edge closer to a
deal, with an IMF spokesman s
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