Brazilian Markets Spike After Bolsonaro’s First-Round Election Win

Brazilian markets, including Ibovespa futures and the iShares MSCI Brazil ETF (EWZ), rose up to 12% overnight after Senator Flávio Bolsonaro, seen as a more market-friendly option, defeated President Lula in the first round of Sunday’s Brazilian presidential election ahead of an impending runoff.     Brazil’s Markets React Favorably to Bolsonaro’s Surprise Lead in […]