Brazil’s Big Election Surprise: Bolsonaro Leads, Markets React
At a Glance Flavio Bolsonaro won 47% in round one. Lula took about 45%. Polls had Lula ahead by roughly 3 points. The Frankfurt-listed MSCI Brazil ETF jumped more than 16%. The runoff is later this month. A surprise lead for the pro-market senator has investors expecting a big move in Brazilian stocks, bonds and […]
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