EMERGING MARKETS-Pre-Fed jitters, local political worries drag on Bovespa

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SAO PAULO, June 13 (Reuters) – Brazil’s benchmark Bovespa
index dropped on Wednesday under the weight of local
political uncertainty and ahead of a U.S. Federal Reserve
decision on interest rates this afternoon that added to market
jitters.
In recent weeks in Brazil traders have grown increasingly
spooked by the nation’s October presidential election, in which
no moderate, market-friendly candidate is gaining traction.
Additionally, the overall weakness of the current government and
expe

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