Brazilian Stocks and Currency Seen Falling After Lula Reelection
Investors expect recent bets on a change of government to unwind in a volatile week ahead after Luiz Inacio Lula da Silva won reelection on Sunday.
By Rodrigo Campos and Marcela AyresBrazilian President Luiz Inacio Lula da Silva won reelection on Sunday, defeating right-wing Senator Flavio Bolsonaro and setting up a test for financial markets, with investors expecting recent bets on a change of government to unwind in a volatile week ahead.Nov…