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Why a big defeat for Maduro in Venezuela could be good for the country

Weekly investor research

19 October 2015

President Nicholas Maduro’s popularity is collapsing ahead of the parliamentary elections on 6 December, but a strong win for the opposition may turn out to be good for the country. Brazil’s economy sinks even lower as Fitch pushes the country’s credit rating one step closer to junk status. China’s growth rate and especially its trade balance beat expectations. Russian production picks up and Bank of Indonesia signals that a rate hike may now be on the cards. Singapore eases monetary policy and Argentina’s likely next president announces his choice of economy minister. In the US, the ‘risk free’ status of the US Treasury market is back in the hands of member of Congress as the debt ceiling draws ever closer.

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