Newsig · Gold & Metals
Brazilian stocks jump as Bolsonaro now seen as heavy favorite to win presidency
The moves come after the first round results of Brazil's presidential election on Sunday. Bolsonaro will face incumbent Lula da Silva in a run-off on Oct. 25.
Why it matters
EWZ (iShares MSCI Brazil ETF) · Why linked: EWZ is the primary U.S.-listed ETF tracking Brazilian equities and would move with the Bovespa. Market context: A clear Bolsonaro lead over Lula in first-round voting is lifting Brazilian equities on runoff optimism.
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