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Ibovespa Extends Election-Driven Rally
The Ibovespa rose around 0.5% to near the 208,000 mark on Monday after closing at a record 206,912 the previous session, as Flávio Bolsonaro finished ahead of President Lula in the first election round, defying most polls. The result triggered a sharp repricing of Brazilian assets, with Bolsonaro receiving 47.03% of va
Ibovespa extends seven-month low; earnings drag in utilities
The Ibovespa fell 0.1% to close at 166,934, extending its seven-month low as higher bond yields weighed on financials and utilities after Sabesp’s earnings and net debt rose 19.2%.