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| President Michel Temer’s refusal to resign risks more political paralysis in Brazil |
Bargain hunters came into the market for shares in the Brazilian banks at the end of last week as investors bought the crash that immediately followed a scandal that threatens to end Michel Temer’s presidency.
However, while the subsequent recovery appeared to put a floor on the sector’s equities, there are some analysts who caution that Temer’s desire to cling on to power could see a slow reversal in what has been one of the world’s best performing asset classes in 2017 – for dollar-denominated investors.
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