25 Articles
25 Articles
The São Paulo Stock Exchange opened today with a rise trend, recording a 7.88 percent jump in the first session after the Brazilian elections, in which Flávio Bolsonaro obtained a two-percent advantage over Lula da Silva. The son of former President Jair Bolsonaro proposed the elimination of taxes and the adoption of measures [...]
São Paulo stocks jump 8% and the real firms after Bolsonaro's first-round win
Brazilian markets rallied sharply on Monday in response to the first round of the presidential election, in which Senator Flávio Bolsonaro finished ahead of President Luiz Inácio Lula da Silva, contrary to what polls had predicted. The São Paulo Stock Exchange's Bovespa index rose as much as 8% in early trading, above 208,000 points.
A historic rally has unfolded in Brazilian markets after Flávio Bolsonaro surprisingly beat incumbent Luiz Inácio Lula da Silva in the first round of the presidential election, and investors are pricing in the increasing chance of fiscal consolidation and interest rate cuts, Bloomberg wrote in its analysis.
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