Brazilians protest against Bolsonaro, demand he respects democracy

Brazilians protest against Bolsonaro, demand he respects democracy

Brazil's election of the hard-right Jair Bolsonaro gives Donald Trump a kindred spirit, with the Americas' two most populous nations to be ruled by brash presidents in tune on issues from climate change to Israel. The ETF lost steam in the afternoon and closed at US$38.775.

Protests were planned for later in the day in Rio and Sao Paulo against Bolsonaro, who has outraged many people with his disparaging comments on women, blacks and gays.

Brazil is already the deadliest country in the world in which to defend your land, with at least 57 people murdered a year ago, 25 of them in three massacres. "One of their leaders - Dilma Rousseff - was impeached".

"The PT isn't a homogeneous party".

Lula himself was barred from running because he is serving a 12-year prison sentence for corruption.

For voters, Bolsonaro was a shift from the norm.

Bolsonaro's punchy, bare-bones campaign mirrored Trump's playbook as the Brazilian vowed to crush crime, railed against media coverage, embraced Christian identity and shifted tone sharply from previous leaders' celebration of ethnic diversity. The former army captain has promised heightened power to the military and to the police, including the ability to kill suspects.

Mr. Bolsonaro, the so-called "Trump of the Tropics", is a notoriously divisive figure, whose hardline approach has deeply divided Latin America's largest country.

Bolsonaro's rhetoric has proved beneficial to certain sectors.

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"I don´t idolize Bolsonaro and I don´t know if he will govern well, but we are hopeful".

But he also is very much a product of a political tempest in Brazil that made his messages less marginalised: widespread anger at the political class amid years of corruption, an economy that has struggled to recover after a punishing recession and a surge in violence. Paulo Guedes, an economist educated at the US University of Chicago, has advocated for tax and spending cuts that he believes will reverse the country's deficit.

The move "will be a triple disaster", said former environment minister Marina Silva.

Bolsonaro pledged not to hire anyone tainted by corruption charges.

"(Bolsonaro) is a soldier", Mariscal said. Financial markets are expected to rally on Monday on Bolsonaro´s victory. Consolidation could be on the horizon, he said, and Brazil may even see a positive re-rating and follow India's path to become the "next big long-term story".

Brazil's Industrial National Confederation already released a statement criticizing the decision. Mariscal said equities remain cheap, the Real is "reasonably priced" and bonds, which have been performing well, still have upside.

Guedes, who is well-liked by the markets, will head it. Both he and the newly-elected president want to privatise public companies to drive down costs.

"I am sure that I am not the most capable, but God capacitates the chosen ones", he said.

"They always accuse others of being what they are themselves", he said.

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