TheEconomist

President Lula called a cabinet meeting next Thursday (30) to discuss international finance crisis and its impact on Brazlian economy this year to 2010. 

Right now São Paulo stock market is down a little bit now (minus .42%).

Commercial balance superavit is gorwing to a

Volatility in exchange markets haven´t come to anything else but a nervous day all over.

Importer quant to know how much their´re gonna pay?

Exporter are optmistic - at least in Asia, this moring.

Here, expectation about the exchange rait  - wait to see how it will be.

Brazilian real is worth the same as last Friday: R$ 1,95 for US$ 1,00.

Here, everyone looks at US economic indicators like if America were in the hurricane eye.

Were?

Brazilian stock markets will open in one hour under strong pressure coming from Asia, where Nikkei index went down about 2% this morning.

Yesterday, as this economist forecasted last week, Brazilian Real was devaluated again - exchange rates went up to one dollar for 2,03 reals (it could reach up to 2,2 per dollar without serious troubles for local inflation now under control at 4% a year.

Yesterday night the 6.7 Richter escale earthquake in Peruvian ocean killed hundreds and Hawaii launched tsunami alerts valid for Chile and parts of South America west coast.

In Brazil President Lula asked Finance minister Guido Mantega some sort of B plan just in case domestic economy suffers too much inflation impact during this global crisis.

Let´s see what happens when São Paulo market opens at nine, Brasilia time - guess what?