Rousseff Still Favorite to Win Brazil Election: UBS’s Mariscal

Opposition candidate Aecio Neves has real chance of victory in a more level playing field in second round, Jorge Mariscal, Chief Investment Officer for UBS Wealth Management, says in phone interview. * Says market would reverse gains on Rousseff win * Says market would extend rally on Neves win * Says Oct. 5 vote showed that Brazilians want pragmatic not populist government * Says first round result may lead Rousseff to change economic policies * Changes would be marginal, not radical, Mariscal says * “The second round focuses the debate squarely on economics. That’s good for Brazil.” * “It has shifted the ideological center of gravity a little from the left to the center, and that’s good.” * “Even if Dilma wins, her mandate will not be as strong as last time.” *Note:Rousseff had 42%, Neves 34%, Marina Silva 21% in Oct.5 vote

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