Politics
The Brazilian real creeps and the Stock Exchange falls after Lula's re-election
Brazilian markets reacted with strong losses to the re-election of Luiz Inácio Lula da Silva. The real fell by about 12% against the dollar and the futures of the Bovespa index sank almost 15%, amid investors' doubts about the fiscal policy of the next government and the uncertainty generated by Flávio Bolsonaro's decision to challenge the election result.
