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Workers Party

Brazil Elections: Workers Party Wins

Workers Party candidate and current president of Brazil, Dilma Rousseff has been re-elected in one of Brazil’s closest contests.

Over a thousand Workers Party supporters braved heavy rain in Lapa , Rio de Janeiro where they watched the results come in on a giant screen. Flags were waved and chants of “Olé, olé, olé, olé, Dilma, Dilma!”were shouted out as Rousseff’s victory was announced.

Winning by a narrow margin Ms Rousseff who won 51.6% of the vote against the centre right candidate Aécio Neves said that she “wants the nation to rally together instead of having increasing differences and creating gaps.” She went on to say that she intends to be a much better president going forward.

She faced mass protests last year against corruption and poor services but Rousseff, who has been in power since 2010, remains popular with poor Brazilians thanks to her government’s welfare programmes.

Her Workers’ Party (PT), which has been in power since 2002, will now govern for another four-year term starting on 1 January 2015. By the time Dilma leaves office in 2018, the Workers Party will have been in power for 16 years proving undeniably that life for most Brazilians has improved immeasurably during the Workers Party’s mandate thus far.

Source BBC News

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Rousseff Election campaign

Brazil stock markets soar following election

The first round of presidential elections has seen Brazil stock markets jump 5.3% since news of the vote results were announced.

After sealing the majority of the votes by 42%, President Dilma Rousseff’s victory was not enough to win outright meaning pro-business candidate Aecio Neves may still be in with a chance, clinching an unexpected 34% of votes and resulting in a run-off vote which is to be held on 26 October. The favourite, Marina Silva only managed to gain 21% of the votes meaning she is now out of the race.

The news sent the BRLA Investment Trust (which has a 64% weighting to Brazil stock markets) to the top of the FTSE, up by 6.7% creating the ultimate boost for investors. The past five years has been disappointing for BRLA shareholders seeing a near 6% decline even with dividends included.

With the success of either candidate dependant on gaining the support of Silva voters, the anticipated run-off vote between Neves and Rousseff will certainly lead to rallies in the countries stock market, whichever candidate prevails.

Source City Wire

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