For more information please contact us
ashmail [at] ashmoregroup [dot] com (Email Ashmore)
Brazil votes for continuity, but change is coming
Weekly investor research
27 October 2014
Brazil’s voters return Dilma to power, but it is unlikely that her second term will be anything like the first as the limitations to
current policies have been reached. Exit polls suggest a near-optimal election outcome in Ukraine’s parliamentary elections.
Uruguay appears to be heading for a second-round run-off on 30 November in an election that is likely to put sensible people
in power regardless of who wins. Tunisia takes a big step forward towards institutionalising democracy in the tricky aftermath
of a long period of authoritarian rule. Jokowi appoints a technocratic cabinet as his government prepares to maximise its
influence despite a weak position in parliament. Argentina tapped markets for almost USD 1bn in a first Dollar-linked bond,
while sentiment in Venezuela continues to erode faster than the quality of the credit. China’s demand-side continues to soften
gently, while the supply-side of the economy is doing better than expected.