Brazil’s Real Falls 9% After Lula Win
17 Articles
17 Articles
Economists anticipate falls in Argentine stock and bonds, a rise in country risk and a depreciation of the real; this could harm bilateral trade, but lower travel to the neighboring country
The EWZ, the main fund of Brazilian shares negotiated abroad, opened with strong decrease on the night of Sunday (25) with the re-election projection of President Luiz Inácio Lula da Silva (PT). Near 21h10 (time of Brasília), the isshares MSCI Brazil (EWZ) was negotiated at US$ 34.23 with a decrease of 19.63% — on Friday, the EWZ ended at US$ 42.59, with a valuation of 1.77%. The negotiations of the New York pre-market suggest a strong opening o…
Options of the Brazilian currency negotiated in the CME Group fell 10.17% on the night of Sunday (25); market projected opposition victory for adjustment in public accounts. The post After re-election of Lula, dollar shoots and market reacts with strong fall of the real apareceu primeiro em ND More
Receipts of Petrobras and Itaú shares also recorded losses in the US post-market; the president's victory frustrated the market. Read on Power360.
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