Brazilian markets have their best day since 2020 as Bolsonaro beats polls

São Paulo (Reuters) – Brazilian markets jumped on Monday as a stronger-than-expected performance by President Jair Bolsonaro and his allies in Congress in the first round of a general election eased concerns about sharp changes in economic policy. The Brazilian currency strengthened more than 4% against the dollar, while the benchmark Bovespa stock index (.BVSP) … Read more

Brazilian markets rose as Bolsonaro’s strong performance in the run-off ignited

SAO PAULO/BRASILIA (Reuters) – Brazil’s real currency and stock market surged on Monday after far-right President Jair Bolsonaro outperformed in the polls and secured his place in a tense run-off, denying leftist Luiz Inacio Lula da Silva an outright election victory. . first round. Bolsonaro’s unexpectedly strong performance on Sunday dashed hopes for a quick … Read more