Investors cheer as Lula falls short of all-out victory in Brazil

Investors cheer as Lula falls short of all-out victory in Brazil

Economy & Policy Capital Markets Brazil

Brazilian financial markets were bolstered Monday by the better-than-expected performance of President Jair Bolsonaro and his allies at Sunday’s election, as expectations eased of radical changes in economic policies if his left-wing challenger wins the runoff election on October 30. The right-wing incumbent trailed former President Luiz Inácio Lula da Silva by five percentage points in the first round of the presidential race even though most opinion polls had predicted the leftist would have a

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