EMERGING MARKETS-Brazil's real, stocks rise with focus on pension reform proposal
June 13, 2019 at 10:41 AM EDT
The Brazilian real firmed and stocks gained on Thursday, as investors assessed a report on the government's proposal to overhaul the country's pension system. The real climbed as much as 0.9% to outperform its Latin American peers, while Sao Paulo stocks jumped nearly one percent after Brazil's congressional pension reform bill coordinator Samuel Moreira said the proposed changes would result in savings of around 915 billion reais ($238.21 billion). The committee