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A bitter victory for Lula and Brazil: barely the re-election of known Lula, the Sao Paulo Stock Exchange has unscrewed, losing more than 17 points at the opening. The Brazilian real also plunged and lost up to 10% of its value against the dollar, to a lower since December 2025. The former trade unionist's economic program plans to invest more and more in Brazilian industry and for the most modest households, while debt is exploding at 82.5% of GDP.
A bitter victory for Lula and Brazil: barely the re-election of known Lula, the Sao Paulo Stock Exchange has unscrewed, losing more than 17 points at the opening. The Brazilian real also plunged and lost up to 10% of its value against the dollar, to a lower since December 2025. The former trade unionist's economic program plans to invest more and more in Brazilian industry and for the most modest households, while debt is exploding at 82.5% of GDP.
