Brazilian Stocks Surge as Bolsonaro Leads First Election Round
Brazilian share prices are rallying after the first-round election results showed the leftist president Luiz Inácio Lula da Silva facing defeat. Investors are responding positively to the pledges made by his right-wing opponent, Flávio Bolsonaro, to control Brazil's fiscal deficit.
Brazilian share prices are rising after the first-round election defeat for Brazil’s leftist president Luiz Inácio Lula da Silva. Investors are encouraged by pledges from his right-wing opponent, Flávio Bolsonaro, the son of imprisoned former President Jair Bolsonaro, to tame Brazil.