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The Ibovespa rose 0.9% to close at 206,220 on Thursday ahead of the first Datafolha poll for the presidential runoff, due shortly after the close. A PoderData/Aya poll showed Senator Flávio Bolsonaro with 53% of valid votes, against 47% for incumbent Lula. In Sunday’s first-round election, Bolsonaro finished ahead of L
The Ibovespa edged higher toward 205,000 on Thursday, supported by gains in the energy sector. Petrobras rose nearly 2% as oil prices surged on reports that the US is planning new strikes against Iran, risking the recent rebound in Middle Eastern oil exports. Meanwhile, the financial sector was mixed amid an unfavorabl
Brazil-focused ETFs surged Monday after right-wing Senator Flávio Bolsonaro unexpectedly finished ahead of incumbent President Luiz Inácio Lula da Silva in the first round of Brazil’s presidential election, triggering a sharp repricing across Brazilian equities. The iShares MSCI Brazil ETF (NYSE: EWZ ) jumped more than
Ibovespa rose over 1.5% to trade above 188,000, extending a rally ahead of a new Datafolha poll. Banks, utilities and Petrobras rose; CSN surged after CEO Benjamin Steinbruch announced a step-down.