Lula will not maintain Brazil's spending cap, and is looking at two main ideas including a flexible primary surplus target, two senior aides told Reuters. Leftist Brazilian presidential candidate Luiz Inacio Lula da Silva has a five percentage point lead over Bolsonaro ahead of an Oct. Brazil's real rose 0.5% after logging its best week since July on Friday when investors cheered a strong showing for far-right President Jair Bolsonaro in first round presidential elections held on Oct. "We thus think these events increase at the margin the chances that Mexico will go to a panel under USMCA," they said, referring to a trade agreement between the United States, Canada and Mexico. heighten some commentators concerns regarding her negotiation skills," said strategists at Citi Research. "While it is still too early to tell what Buenrostro's approach will be, we think her recurrent confrontations with large firms in the last few years. Mexican President Andres Manuel Lopez Obrador touted Buenrostro's experience in the public sector and master's degree in economics. The head of the country's tax authority, Raquel Buenrostro, was named Mexico's new economy minister on Friday, to lead efforts to fix a major trade dispute with the United States. In Latin America, Mexico's peso rose 0.5% against a broadly stronger dollar. Central and eastern European shares and currencies dropped, with Hungary's forint down 0.6% to record lows against the euro. Gazprom plunged 15.8% as it started trading ex-dividend. Russian stocks sank 8.7% before cutting a chunk of those losses. labor market remained tight, raising expectations for a fourth 75 basis point hike from the Federal Reserve. Risk sentiment had already been dulled after data on Friday showed the U.S. Explosions rocked Kyiv and other Ukrainian cities, two days after a powerful blast damaged the bridge linking Russia and the Crimean peninsula that Moscow annexed in 2014. The rouble hit 63 per dollar in Moscow trading before recovering, as the Russia-Ukraine war escalated. By Susan Mathew Oct 10 (Reuters) - Russia's rouble slid to its weakest in more than three months on Monday on heightening geopolitical risks, while Latin American currencies rose, with Mexico's peso at two-week highs after the appointment of a new economy minister.
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