Ibovespa Retreats After Election-Driven Rally
The Ibovespa fell 0.5% to close at 205,835 on Tuesday after hitting a record 206,912 in the previous session, when Flávio Bolsonaro finished ahead in Sunday’s first election round, defying most polls. The index was weighed by Petrobras (-2.8%) and Vale (-1.4%). Petrobras fell as the oil rally lost steam before prices e