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Brazil's real , snapped a three-day winning run, last down 0.4% after falling over 1% earlier in the day. A central bank survey on Monday showed Brazil's inflation and interest rate expectations for the year had risen. While most other Latin American currencies also fell, underperforming broader emerging market peers, Chile's peso rose 0.8% as copper prices hit six-month highs. Data showed Chile posted a trade surplus of $1.85 billion in the month, up from a $417 million surplus in December 2021. Data showed Mexico's headline inflation ended 2022 slightly below analysts' expectations, while core inflation appeared to have lost steam.

☆ Brazil's govt: rioters 'will not succeed' in destroying democracy'
▼ + stars: | 2023-01-09 | by ( Associated Press | ) www.nbcnews.com time to read: +3 min

The protesters swarmed into Congress, the Supreme Court and presidential palace on Sunday. Lula and the heads of the Supreme Court, Senate and Lower House also signed a letter Monday denouncing acts of terrorism and vandalism and saying they were taking legal measures. “They will not succeed in destroying Brazilian democracy. They overturned the U-shaped table at which Supreme Court justices convene, ripped a door off one justice’s office and vandalized an iconic statue outside the court. A supreme court justice temporarily suspended the regional governor.

☆ Brazil’s Top Court Orders Removal of Brasília Governor After Protests
▼ + stars: | 2023-01-09 | by ( Samantha Pearson | Luciana Magalhaes | ) www.wsj.com time to read: 1 min

BRASÍLIA—Brazil’s Supreme Court on Monday ordered the removal of Brasília’s federal district governor from his post after thousands of protesters stormed the presidential palace a day earlier in what officials said was an attempt to overthrow the country’s newly-elected leftist president. Protesters supporting Brazil’s former President Jair Bolsonaro forced their way into the presidential palace, Congress and the Supreme Court in the capital on Sunday afternoon, many calling for military intervention to oust Luiz Inácio Lula da Silva , who took office a week ago.

REUTERS/Adriano MachadoSAO PAULO/LONDON, Jan 9 (Reuters) - Brazilian equities were higher in choppy trade on Monday, a day after thousands of supporters of former President Jair Bolsonaro stormed government buildings in the capital, echoing the Jan. 6, 2021, insurrection in Washington. On Friday, both had performed better after Lula said the economy may grow while government finances are kept in check. On Monday hundreds of Brazilian police in riot gear and some on horseback amassed at an encampment of Bolsonaro supporters near Brasilia's army headquarters. "I think the situation will quickly normalize," said Cristian Maggio, head of portfolio strategy at TD Securities in London. "Yet, it is an event worth keeping an eye on, as it may not be fully over just yet."

☆ Brazil’s Supreme Court Orders Removal of Brasília Governor Ibaneis Rocha After Protests
▼ + stars: | 2023-01-09 | by ( Samantha Pearson | Luciana Magalhaes | ) www.wsj.com time to read: 1 min

Protesters stormed the presidential palace, Congress and the Supreme Court in Brazil’s capital on Sunday. BRASÍLIA—Brazil’s Supreme Court ordered Monday that the governor of the federal district of Brasília be removed from his post after thousands of protesters stormed the presidential palace here Sunday in what officials said was an attempt to overthrow the country’s newly-elected leftist president. Protesters supporting Brazil’s former President Jair Bolsonaro forced their way into the presidential palace, Congress and the Supreme Court in the capital Sunday afternoon, many calling for military intervention to oust Luiz Inácio Lula da Silva , who took office a week ago.

☆ Brazil markets fall as Bolsonaro supporters storm capital
▼ + stars: | 2023-01-09 | by ( Susan Mathew | ) www.reuters.com time to read: +2 min

The market impact will depend on how the Lula administration and other government institutions react to the protests, said Bertrand Delgado, head of Latam Fx and fixed income with Societe Generale. A central bank survey on Monday showed Brazil's inflation and interest rate expectations for the year had risen. While most other Latin American currencies also fell, underperforming broader emerging market peers, Chile's peso rose 0.8% as copper prices hit six-month highs. Data showed Mexico's headline inflation ended 2022 slightly below analysts' expectations, while core inflation appeared to have lost steam. In Argentina, the economy will grow significantly more than 5% in 2023, Economy Minister Sergio Massa said on Sunday.

“Bolsonaro ran on a very Trump-like ticket,” Todd Landman, professor of political science at the University of Nottingham in England, told NBC News. He also raised doubts about the integrity of the electoral process well in advance.”After his defeat to Lula in October, Bolsonaro didn’t explicitly concede. NBC News reached out to the White House for comment on congressional Democrats’ demands for Biden to remove Bolsonaro. Bolsonaro’s visa status was not immediately clear. Unlike the Jan. 6, 2021, attack at the U.S. Capitol, very few officials were in the buildings at the time of Sunday’s attacks, and Bolsonaro’s supporters faced little opposition.

☆ Morning Bid: Seeing through another shock
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +4 min

Brazil's weekend political shock reminds world markets of fragile geopolitics, but investors more broadly appear happier to stick with a new year narrative of recovery from a dire 2022. Days after his inauguration, leftist President Luiz Inacio Lula da Silva announced a federal security intervention in Brasilia until Jan. 31. Fed chair Jerome Powell speaks on Tuesday but the big data release of this week is Thursday's consumer price report. The gap between positive euro zone economic surprise indices and negative U.S. equivalents is now at its widest since June. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

[1/2] Supporters of Brazil's former President Jair Bolsonaro are pictured through broken glass as they hold a demonstration against President Luiz Inacio Lula da Silva, in Brasilia, Brazil, January 8, 2023. REUTERS/Adriano MachadoMEXICO CITY/SAO PAULO, Jan 9 (Reuters) - Brazilian assets may be hit by fresh volatility on Monday after supporters of former President Jair Bolsonaro stormed key government buildings, echoing the U.S. Jan. 6 insurrection of 2021, analysts said. Ricardo Lacerda, founder and CEO of Brazilian investment bank BR Partners (BRBI11.SA), said he expects markets to react with volatility in the short term, especially on Monday, given the higher institutional risk. But Komura expects the markets to recover by the end of the week considering a strong institutional reaction against the rioters. While large sections of the Brazilian banking industry has tended to back Bolsonaro given his free market credentials relative to Lula's Workers' Party, the sector's main industry association roundly condemned Sunday's violence.

Chaos struck Brazil's capital Sunday when supporters of far right former President Jair Bolsonaro descended on government buildings, breached them, climbed on a rooftop and broke windows. Leftist President Luiz Inácio Lula da Silva, sworn in Jan. 1, responded by authorizing federal intervention in the Federal District until the end of January. Many among the demonstrators wore the national colors of Brazil, yellow and green, associated in recent years with Bolsonaro supporters. Brazil's President Luiz Inacio Lula da Silva walks in Planalto Palace after it was stormed by supporters of Jair Bolsonaro in Brasilia on Sunday. Eraldo Peres / APIbaneis Rocha, the governor of Brazil’s capital district, said more than 400 people involved in the demonstrations and breaches have been arrested.

☆ Jair Bolsonaro Supporters Storm Brazil’s Congress Buildings
▼ + stars: | 2023-01-09 | by ( Samantha Pearson | ) www.wsj.com time to read: 1 min

SÃO PAULO—Thousands of protesters supporting Brazil’s former President Jair Bolsonaro stormed Congress buildings and those of the country’s Supreme Court in the capital Brasília Sunday, many calling for military intervention to remove Luiz Inácio Lula da Silva , the leftist leader who took office last week. Television images showed protesters breaking windows inside Congress and swarming up the ramp at the entrance to the presidential palace, many dressed in Brazil’s green and yellow national colors, as riot police arrived on the scene.

☆ The Jan. 6-style attack on Brazil's capital came after Bolsonaro followed the Trump election playbook
▼ + stars: | 2023-01-09 | by ( John Haltiwanger | ) www.businessinsider.com time to read: +7 min

The attack on Brazil's capital came after Bolsonaro closely followed Trump's election playbook. The attack in Brazil's capital came after Bolsonaro followed a near-identical playbook to that of former US President Donald Trump in the lead-up to the fatal January 6 insurrection in Washington, D.C. in 2021. Bolsonaro, like Trump, spread baseless claims of voter fraud ahead of Brazil's presidential election — sowing doubts about the integrity of the electoral process. And, much like Trump, Bolsonaro refused to concede after he was defeated and would go on to skip the inauguration of his successor. In the run-up to Brazil's election, pundits and experts warned that Bolsonaro's rhetoric was setting the stage for the South American country to see its own version of the January 6 riot.

☆ Brazil investigates who led anti-democratic riots in capital
▼ + stars: | 2023-01-09 | by ( Anthony Boadle | ) www.reuters.com time to read: +5 min

Supreme Court Justice Alexandre de Moraes also ordered social media platforms Facebook, Twitter and TikTok to block coup-mongering propaganda. Tens of thousands of anti-democratic demonstrators on Sunday invaded the Supreme Court, Congress and the presidential palace and smashed windows, overturned furniture, destroyed art works and stole the country's original 1988 Constitution. The assault raised questions among Lula's allies about how public security forces in the capital were so unprepared and easily overwhelmed by rioters who had announced their plans days ahead on social media. Bolsonaro faces legal risks from several investigations before the Supreme Court in Brazil and his future in the United States, where he traveled on a visa issued only to sitting presidents, is in question. "The United States should not be a refuge for this authoritarian who has inspired domestic terrorism in Brazil.

☆ Bolsonaro's Florida stay puts ball in Biden's court after Brasilia riots
▼ + stars: | 2023-01-09 | by ( Gabriel Stargardter | ) www.reuters.com time to read: +5 min

[1/5] Brazil's President Jair Bolsonaro gestures, as he meets supporters at the Alvorada Palace, in Brasilia, Brazil, December 12, 2022. REUTERS/Adriano MachadoRIO DE JANEIRO, Jan 9 (Reuters) - The United States has a Jair Bolsonaro problem. But Bolsonaro left behind a violent movement of election-denying supporters, who on Sunday stormed Brazil's presidential palace, Congress and Supreme Court. "The United States should not be a refuge for this authoritarian who has inspired domestic terrorism in Brazil. Former Panamanian President Martinelli was extradited from the United States back to Panama in 2018, three years after Panama's Supreme Court issued its arrest warrant.

Speaking to reporters, Rui Costa, also a minister in Lula's cabinet, said government meetings were scheduled for Tuesday and the Finance Ministry and Management Ministry will announce measures this week. Hundreds of supporters of former President Jair Bolsonaro stormed and vandalized the Congress, the Supreme Court, and the presidential palace on Sunday. The attacks on state institutions are considered the worst since the country's return to democracy in the 1980s. The minister participated in emergency meetings with Lula and others on Monday. Reporting by Bernardo Caram; Editing by Steven Grattan, Andrea Ricci and Kenneth MaxwellOur Standards: The Thomson Reuters Trust Principles.

☆ Chile, Colombia call for extraordinary OAS meeting after Brazil riots
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +2 min

SANTIAGO, Jan 9 (Reuters) - Chilean President Gabriel Boric called for an extraordinary meeting of the Organization of American States (OAS) on Monday to address riots in Brazil where supporters of far-right former President Jair Bolsonaro stormed top government buildings. Boric, speaking alongside Colombia President Gustavo Petro outside La Moneda presidential palace in Santiago, called Sunday's riots "unacceptable" and also condemned "complicit silence." Petro, a former rebel and Colombia's first leftist president, compared the attack to the 1973 Chilean coup against Salvador Allende. "We just saw it in Brazil, but it's not just in Brazil," Petro said. Reporting by Alexander Villegas in Santiago and Julia Symmes Cobb Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Supporters of Brazil's Bolsonaro engage in post-election unrest
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +2 min

Bolsonaro supporters begin gathering for the first time outside military bases across Brazil, calling for a military intervention to prevent Lula from returning to office. Nov. 2 - Bolsonaro supporters hold rallies across the country, asking for an armed force intervention. Later that day, after the arrest of a pro-Bolsonaro indigenous leader for alleged anti-democratic acts, Bolsonaro supporters try to invade the federal police headquarters in Brasilia, the capital. Dec. 24 - A man is arrested for attempting to set off a bomb in protest against Brazil's election results. Dec. 29 - At least four people are arrested by Brazilian police for an alleged coup attempt during riots by Bolsonaro supporters.

☆ Facebook owner Meta removing content backing Brazil assault
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +2 min

[1/2] Supporters of Brazil's former President Jair Bolsonaro demonstrate against President Luiz Inacio Lula da Silva, in Brasilia, Brazil, January 8, 2023. REUTERS/Adriano MachadoSTOCKHOLM, Jan 9 (Reuters) - Facebook parent Meta (META.O) said on Monday it was removing content supporting or praising the weekend ransacking of Brazilian government buildings by anti-democratic demonstrators. "We are actively following the situation and will continue removing content that violates our policies." Brazilian Supreme Court Justice Alexandre de Moraes has ordered social media platforms to block users spreading anti-democratic propaganda. During a demonstration by Trump supporters in January, 2021, social media companies were criticised for not doing enough.

☆ Brazil's Bolsonaro hospitalized in the U.S. with abdominal pain - report
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: 1 min

SAO PAULO, Jan 9 (Reuters) - Former Brazilian President Jair Bolsonaro was admitted to a hospital in Orlando, Florida, with "abdominal pain," newspaper O Globo reported on Monday, a day after some of his hardcore supporters stormed the capital city of Brasilia. Bolsonaro has been hospitalized multiple times in recent years with gut blockages after being stabbed while campaigning for the presidency in 2018. He traveled to the United States two days before Luiz Inacio Lula da Silva took the office of president. Reporting by Gabriel Araujo; Editing by Mark PorterOur Standards: The Thomson Reuters Trust Principles.

☆ Brazil stocks set to slide as world leaders condemn pro-Bolsonaro riots
▼ + stars: | 2023-01-09 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

BRASILIA, Brazil - Jan. 08, 2023: Damage caused at the Supreme Court by supporters of former Brazilian President Jair Bolsonaro. Bolsonaro's supporters stormed Brazil's Congress, Supreme Court and presidential palace in Brasilia on Sunday. Brazilian stocks are expected to fall on Monday after supporters of right-wing former president Jair Bolsonaro stormed government buildings on Sunday in protest against his election loss. He also accused the former president of encouraging "fascist fanatics," an allegation Bolsonaro denied in a series of tweets on Sunday. In a tweet Sunday night, U.S. President Joe Biden condemned what he called "the assault on democracy and the peaceful transfer of power in Brazil."

☆ Brazil protests expose lack of U.S. risk premium
▼ + stars: | 2023-01-09 | by ( Robert Cyran | ) www.reuters.com time to read: +3 min

Like the United States, Brazil was until recently led by an autocratic president who refused to concede electoral defeat. It’s perhaps no surprise that Transparency International’s Corruption Perception Index scores Brazil at 38, below the global average, where 100 reflects a society nearly free of malfeasance. The United States scores substantially better at 67, but still below other developed nations. But if investors ever decide to demand a risk premium, it has a long way to fall. The Brazilian real weakened roughly 1% against the U.S. dollar in spot trading, while the benchmark Bovespa stock index fell 0.5%.

☆ Photos and video of chaos in Brazil show an eerily familiar sight for Americans as supporters of Jair Bolsonaro, a Trump ally, storm the country's Congress 2 years after the US Capitol riot
▼ + stars: | 2023-01-09 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +6 min

Supporters of Jair Bolsonaro stormed Brazil's Congress Sunday with complaints of a stolen election. Protesters, supporters of Brazil's former President Jair Bolsonaro, storm the the National Congress building in Brasilia, Brazil, Sunday, Jan. 8, 2023. Protesters, supporters of Brazil's former President Jair Bolsonaro, sit in front of police after inside Planalto Palace after storming it, in Brasilia, Brazil, Sunday, Jan. 8, 2023. Protesters, supporters of Brazil's former President Jair Bolsonaro, storm the Planalto Palace in Brasilia, Brazil, Sunday, Jan. 8, 2023. Protesters, supporters of Brazil's former President Jair Bolsonaro, clash with police as they storm the Planalto Palace in Brasilia, Brazil, Sunday, Jan. 8, 2023.

☆ Brazil's Bolsonaro hospitalized in U.S. with intestinal discomfort
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +1 min

RIO DE JANEIRO, Jan 9 (Reuters) - Brazil's former President Jair Bolsonaro was admitted to a hospital in Florida with intestinal discomfort due to a stabbing he suffered during the 2018 election campaign, his wife Michelle Bolsonaro said on Monday on Instagram. In Brazil, Dr. Antonio Luiz Macedo, who has been treating Bolsonaro since the stabbing, said he has an intestinal subocclusion, or blockage, but was unlikely to need surgery. Brazilian newspaper O Globo had reported earlier in the day that Bolsonaro had been suffering from abdominal pain. Bolsonaro has undergone six surgeries since his stabbing, four of them directly linked to the attack. On Sunday, Bolsonaro supporters in Brazil's capital launched the worst attack on state institutions since the country's return to democracy in the 1980s.

☆ Steve Bannon calls Bolsonaro protesters who stormed Brazil's Congress 'freedom fighters'
▼ + stars: | 2023-01-09 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +2 min

Steve Bannon hyped the protesters who stormed Brazil's Congress, calling them "freedom fighters." The former Trump advisor has long stoked unsubstantiated rumors of election fraud in Brazil. Bannon has seized on the issue in the same way he did with Trump's own election fraud claims. Lately Bannon, a former Trump advisor, has also amped unevidenced claims of election fraud in Brazil. A review by Brazil's military late last year found no credible evidence of widespread election fraud, according to The New York Times.

☆ 'A cowardly and vile attack': Over 400 arrested after Bolsonaro supporters storm Brazil's Congress
▼ + stars: | 2023-01-09 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

World leaders condemned what they described as a "cowardly and vile" attack after thousands of supporters of former Brazilian President Jair Bolsonaro invaded the country's Congress, the Supreme Court and the presidential palace. Brazil's security forces have regained control of the country's political institutions and Brasilia governor Ibaneis Rocha said more than 400 people had been arrested as of Sunday evening. Lula sealed a remarkable return to Brazil's presidency late last year, securing 50.9% of the runoff vote to defeat far-right incumbent Bolsonaro. Many of Bolsonaro's supporters refused to accept the result, however, and political analysts have long feared a U.S.-style attack on the country's prominent government buildings. Lula blamed Bolsonaro for "encouraging" the riots, saying there were several speeches by the former president to incite Sunday's attack.

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