Brazilian markets rally after right-wing Flavio Bolsonaro leads in presidential first round
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The Brazilian real soared as much as 5% while Brazil’s benchmark Ibovespa stock index rallied 7% in response to right-wing candidate Flavio Bolsonaro’s lead in the first-round of presidential elections.
The markets’ reaction signals enthusiasm over the fiscal austerity and de-regulation commitments made throughout Bolsonaro’s campaign, as well as the sweeping success of his Partido Liberal (PL) in concurrent legislative elections.
PL candidates won 19 of 54 contested seats in t
The markets’ reaction signals enthusiasm over the fiscal austerity and de-regulation commitments made throughout Bolsonaro’s campaign, as well as the sweeping success of his Partido Liberal (PL) in concurrent legislative elections.
PL candidates won 19 of 54 contested seats in t
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