Brazil presidential candidate killed in plane crash

A private jet carrying Eduardo Campos has crashed, with local TV reporting the presidential candidate was killed.

Up earlier in the session, the Bovespa is now lower by 1.3%.

Campos was running third in the polls with less than 10%, but his exit from the race is likely to boost current President Rousseff's chances of re-election. Brazilian stocks have been among the strongest globally this year amid optimism Rousseff would fall to her more business-friendly challenger Aecio Neves.

EWZ -1.1%. VALE -1.8%, PBR -1.7%


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Comments (12)
  • capitolp
    , contributor
    Comments (713) | Send Message
    Has anybody blamed it on the Russians yet?
    13 Aug 2014, 12:01 PM Reply Like
  • Capt Jack Daniels
    , contributor
    Comments (1466) | Send Message
    Generally not a good thing to see a presidential candidate die in such a way. Those votes could go to the other challenger now, unless somehow they blame the other guy for the event, albeit the socialists now might give all their votes to the incumbent socialist politician running for re-election. Both the current President and the guy who died were or are Socialists.
    13 Aug 2014, 12:14 PM Reply Like
  • banjoman
    , contributor
    Comments (25) | Send Message
    The current president and the one who died were buddies... They couldn't agree on who and how much of the lion's share they should be getting hence they took him out.. I am sure he must have had a lot of dirt on the current president, who is a scum bag, thief, liar and waste of space.
    13 Aug 2014, 12:24 PM Reply Like
  • Andre LaPlume
    , contributor
    Comments (659) | Send Message
    How long until the United States is blamed, a la Argentina?
    13 Aug 2014, 12:26 PM Reply Like
  • june1234
    , contributor
    Comments (4356) | Send Message
    Not long I imagine . Argentina, in exchange for new loans, waived their right to sovereign immunity and consented to jurisdiction in NY a federal judge recently ruled . Now comes the fun part of trying to bleed blood out of a rock. They could lend em more I guess the way they've been doing with the PIGS countries who I imagine have the same clauses in their debt contracts
    13 Aug 2014, 02:44 PM Reply Like
  • taxman100
    , contributor
    Comments (586) | Send Message
    sold my Brazilian stock a couple of weeks ago - weak economy post-World Cup, and it looks like a socialist will be President there for the next term as well.
    13 Aug 2014, 01:00 PM Reply Like
  • zerosum2
    , contributor
    Comments (99) | Send Message
    Probably not, Eduardo Campos and Dilma Rousseff are both in the same party - Brazilian Socialist Party – Partido Socialista Brasileiro [PSB], They are not much different. Current poll's 2nd place is Aécio Neves who belongs to another party Brazilian Social Democracy Party [BSDB], who is more pro-business The death of Eduardo Campos will likely benefit Neves more than benefiting Dilma Rousseff. Well. we'll see.
    13 Aug 2014, 02:26 PM Reply Like
  • Macro Investor
    , contributor
    Comments (9252) | Send Message
    Will the Russians stop at NOTHING!?
    13 Aug 2014, 03:04 PM Reply Like
  • Capt Jack Daniels
    , contributor
    Comments (1466) | Send Message
    Wow they shorted and sold off on the PBR...
    13 Aug 2014, 03:10 PM Reply Like
  • BTinSF
    , contributor
    Comments (310) | Send Message
    Other commentators have suggested this could hurt Rousseff's chances. I've always assumed she would be re-elected so this changes nothing for me but I coincidentally decided maybe industrial metal miners have bottomed today and bought a little VALE before the news. It moved down but not that much.
    14 Aug 2014, 02:10 AM Reply Like
  • Capt Jack Daniels
    , contributor
    Comments (1466) | Send Message
    Wow you bought some Vale you are brave.


    Why didn't you go out and buy yourself a good mining company like BHP?
    14 Aug 2014, 10:43 AM Reply Like
  • zerosum2
    , contributor
    Comments (99) | Send Message
    Friday - Aug-15-2014 update - I hope by now you have closed your short positions for quick profits, perception now shifting now the death of Campos will hurt Dilma Rousseff. Heavy institutional buying today. so its time reverse position to go long on PBR.


    Recommended reading: The Wrong Answer First (describing ecophysics and the new phenomenon of modern wall street)
    15 Aug 2014, 12:21 PM Reply Like
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