Brazil STF to rule on Moraes probe; July retail sales due
Brazil's Supreme Federal Court convenes to decide whether to investigate Justice Alexandre de Moraes in the Banco Master case, a politically sensitive matter. Concurrently, July retail sales data will be released, offering a read on consumer demand. The STF decision could have political implications, while the retail figure may influence market expectations for monetary policy.
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Brazil STF Plenary to Decide Investigation of Justice Moraes Amid Internal Crisis
Brazil's Supreme Federal Court (STF) is experiencing an unprecedented institutional crisis, with the plenary scheduled to decide whether to open an investigation into Justice Alexandre de Moraes. Moraes has publicly denied allegations of favoritism and labeled the Federal Police investigation, ordered by Justice André Mendonça, as 'fraud' and 'farce' driven by 'revenge.' The STF will also assess preliminary motions regarding Moraes's potential recusal before addressing the merits of the investigation.