Bank Shares Plummet After Lula Re-Election. Losses Exceed 30%
8 Articles
8 Articles
Brazil's richest bankers lost about US$10 billion this Monday, after Lula's surprising victory led to a sharp fall in local markets and led the stock exchange to temporarily suspend negotiations.After victory: Lula will have to convince the market and will aim at the center of the tax target to contain expenses To cover up the kindnesses: Lula government will have to send to Congress an adjustment of at least R$20 bi in the 2027 budget President…
In More Than Numbers we talked with Emanoelle Santos, Brazilian economist and market analyst at XTB, to analyze the reaction of the markets to the re-election of Luiz Inácio Lula da Silva as president of Brazil.
Bank of Brazil action tries to recover after down 29.33%; Citi short for sale and Bradesco BBI predicts lower profit
The movement takes place after the victory of Luiz Inácio Lula da Silva in the second round of the presidential elections
The Brazilian financial market recorded strong volatility on Monday (26), after the re-election of President Luiz Inácio Lula da Silva (PT), in the second round held on Sunday (25). Ibovespa, the main index of the Brazilian Stock Exchange, fell more than 16% in the opening, leading B3 to interrupt the negotiations for 30 minutes by [...]
Brazil's richest bankers lost about US$ 10 billion (R$ 54 billion) on Monday (26), after Lula's surprising victory led to a sharp drop in local markets and led the Stock Exchange to temporarily suspend negotiations. Read more (10/26/2026
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