- A leading opponent of President Dilma Rousseff claims a federal judge has suspended the appointment of former President Lula as her chief of staff, with local media reporting the same.
- The reports came just after Lula's swearing in.
- “Lula is no longer minister," tweets the opposition leader, Senator Ronaldo Caiado. "The injunction impedes the nomination. He goes back to being treated like a common citizen, as he should be."
- The Bovespa is now up 6.15%. EWZ +8.35%
- Previously: Brazil soars as commodities rally, Rousseff teeters (March 17)
- Previously: Protests sweep Brazil after release of phone tap (March 17)
- ETFs: EWZ, BRF, BRZU, EWZS, BZF, BRAQ, BZQ, BRAZ, BRAF, UBR, DBBR, FBZ