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Stock impact report

Brazil Traders ‘Sell First, Ask Later' as Panic Hits Markets [Yahoo! Finance Canada]

Franklin Resources, Inc. (BEN) 
Last franklin resources, inc. earnings: 4/30 08:30 am Check Earnings Report
Most Read from Bloomberg The selloff that sent the real plunging to a record low is engulfing everything from stocks to local-currency debt to dollar bonds, with traders even piling into hedges against a sovereign default. Market watchers say extraordinary measures on Tuesday by the central bank to stem the currency's slide are little more than a temporary fix, and warn that lawmakers' moves to water down a high-profile austerity package are likely to only add to the turmoil. The widening rout shows how investors are increasingly skeptical that President Luiz Inacio Lula da Silva is serious about reining in a soaring fiscal deficit. Brazil is running an annual budget gap of 10% — far wider than the ones seen during the leftist president's first administration. His recent emergency brain surgery came at the worst possible time, further complicating efforts to shore up public accounts. “Brazil has become ‘sell first, ask later' in the current market,” said Sergey Goncharov, a mon Show less Read more
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