Rali with Flavio, Reaction to Lula: What the Buyside Expects for Monday
4 Articles
4 Articles
In the financial heart of Sao Paulo, investors and bankers show their support for cuts in public spending, privatization and tax cuts advocated by Flavio Bolsonaro, preferred to outgoing President Lula as he approaches the second round of the presidential election.
The euphoria that was established in the financial markets shortly after the first round of the presidential elections gave rise to a cautious optimism in recent days. With the polls of voting intent indicating a narrowing of the distance between Flávio Bolsonaro (PL) and Luiz Inácio Lula da Silva (PT), investors still see room for the valuation of domestic assets if the change of government is confirmed - which is widely expected in Faria Lima.…
Still, the prospect of new gains is attractive to investors
The buyside still sees room for a rally of Brazilian assets on Monday if Flávio Bolsonaro wins the election, shows a research done by Citi. But the reaction of the market must be more intense – and on the negative side – if Lula is elected, in the opinion of the investors heard by the bank.
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- 50% of the sources lean Left, 50% of the sources lean Right
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