Brazil Real, Stocks Gain on Report Prosecutors Seek Lula Arrest

Updated on
  • Ex-President Lula is accused in Sao Paulo of hiding assets
  • Central bank minutes send interest-rate swaps tumbling

Former Brazilian President Lula Detained in Probe

Brazil’s real extended its best-in-the-world rally and stocks climbed as a news report that prosecutors requested a preventive arrest of Brazil’s former President Luiz Inacio Lula da Silva added to speculation that a change in government may be drawing closer.

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