Brazil Real, Stocks Surge After Election Vote
The Brazilian real appreciated 4.5% against the U.S. dollar, and the Ibovespa stock index climbed 9% following Sunday's first-round general election results. Conservative Flavio Bolsonaro led leftist incumbent Lula da Silva, with both advancing to a runoff on October 25.
5% against the dollar and the Ibovespa stock index rose 9% after Sunday’s right-wing surprise in the first round of general elections. Conservative Flavio Bolsonaro pulled ahead of leftist incumbent Lula da Silva, and both are heading for a runoff on October 25.