Bloomberg, AFP, Washington Post, and AP echo the news from Jornal Nacional that says that investigation cites visit of the suspected man of the murderer of Marielle Franco to Bolsonaro's house in Rio de Janeiro on the day of the murder

According to AFP, "Brazil's President Jair Bolsonaro has angrily denied links to last year's assassination of a prominent politician in Rio, after reports that a suspect in the murder investigation visited his residence before the killing". According to The Washington Post, Brazilian president had lashed "out at media over links to left-wing politician’s murder". According to Bloomberg, Bolsonaro was "furious as his name is cited in murder case".

President Bolsonaro has photos of militants linked to the Marielle murder, the president's sons also have a photo of these militiamen and their family members, some of whom worked in the offices of the president's sons, and his youngest son has dated the daughter of one of the militia members who has even been arrested.

Although the formal accusation is relatively fragile against Bolsonaro, since the president would be at the same time in Brasilia, at the National Congress, which is more than 1,100 kilometers away from the city of Rio de Janeiro, the very nervous reaction of the president showed that the information released by Rede Globo's Jornal Nacional has left Jair Bolsonaro visibly altered.

In his transmission on Facebook, the president made harsh criticism of Rede Globo media group, saying that this company made his life a living "hell". Bolsonaro even threatened to revoke the station's concession, which will have to be renewed in 2022.

Today, according to AP, Bolsonaro continued to say things in a tone far above the expected of a president. On his website, AP published that "Brazil’s president launched a fiery defense of his far-right government on Wednesday during a visit to Saudi Arabia".

The defeat of Argentine president Mauricio Macri and his liberal agenda already affects the Brazilian economy; Jair Bolsonaro and Alberto Fernández exchange accusations

Argentine President Mauricio Macri was defeated by a large advantage in the country's primary elections by opposition candidate Alberto Fernández, whose deputy is former President Cristina Kirchner.

The advantage of Fernández's bid scared the financial markets. The candidate's unorthodox economic agenda is not accepted by the financial market.

The problem is that Macri's orthodox and reformist economic agenda has not brought the expected growth, but the country has worsened in many ways. When he was elected, Macri promised to end poverty, but it increased during his rule. He said he would run a liberal bias government, but ended up freezing prices for more than 60 products.

After 4 years, the population did not feel life improve with Macri. Many say it got worse. The answer, at the ballot box, is the return of Cristina Kirchner, Fernández's vice president.

The result has caused the Argentine stock market to plummet 48% (the biggest global loss on a stock exchange in one day in the last 70 years, according to Bloomberg), and the dollar has risen 30% to 58.85 pesos and was also felt in Brazil, which registered a drop of 2% in Ibovespa and dollar to $ 4. Argentina is an important market buyer of Brazilian goods - were $ 15 billion in exports last year alone.

Brazilian exports to Argentina have already shrunk by 40% in the first seven months of 2019.

The change could also affect the Brazilian market as Macri is a strategic ally of the country in negotiations for a deal between Mercosur and the European Union. President Jair Bolsonaro went public with open criticism of candidate Alberto Fernández, who responded in the same tone by calling Bolsonaro "racist, misogynist and violent."

President of the Brazilian Central Bank announces structural measures to simplify the currency exchange in the country

Roberto Campos Neto, the president of the Central Bank of Brazil, said that the bank will announce, on Wednesday (29.May.2019), a bill to simplify the currency exchange in Brazil.

The idea is to create a 100% convertible currency capable of becoming a reference for the region. According to Campos Neto, there is a lot of demand for accounts in reais (the Brazilian currency) in small countries that do business in Brazil. Brazil has this vocation. If we reach maturity, with controlled inflation, low interest, we will have scope to expand the currency. But for this, it is important to have a convertible currency.

Asked by the site Poder360 if Brazil was headed towards a great depression, Campos Neto replied: "we do not work with this scenario". He thinks that this is unlikely, given the pent-up demand in Brazil. 

However, according to Bloomberg, Brazil's GDP in the first quarter should show a decline in the quarterly comparison. This decline could interrupt the series of eight consecutive quarters of advancement.