Brazil's Senate Debates Rousseff's Impeachment Trial

The transcript discusses the political situation in Brazil, focusing on the impeachment of Dilma Rousseff and the potential rise of Michel Temer. It highlights the market's optimistic reaction to these political changes, with significant gains in the Brazilian stock market and currency. The discussion also covers the impact on European equities with exposure to Brazil, noting that while the situation is challenging, there is potential for positive outcomes if Brazil's economy recovers.

What is the expected outcome of the vote regarding Dilma Rousseff's presidency?

• She will retire voluntarily.

• She will remain in office.

• She will step down for 180 days.

• She will be promoted to a higher position.

How has the Vesper stock market performed this year in dollar terms?

• It has increased by almost 40%.

• It has remained stable.

• It has decreased by 10%.

• It has decreased by 20%.

What are some of the economic challenges Brazil faces after the political changes?

• Overproduction in agriculture.

• Lack of foreign investment.

• Budget deficit and fiscal reform.

• High inflation and unemployment.

What is the focus of European equities with exposure to Brazil?

• Reducing their exposure to Brazil.

• Finding stocks with a good fundamental story in Europe.

• Investing heavily in Brazilian markets.

• Avoiding any investments related to Brazil.

What percentage of Dufry's group revenue comes from Brazilian sales?

• 10%

• 30%

• 20%

• Less than 5%