The Brazilian stock market applauds Bolsonaro's advantage in the first presidential round
The iBovespa stock market index, the most important in the São Paulo stock market, started the day with a strenuous rise of almost 9% and reached a historical peak, while the Brazilian real earns 4.5% against the dollar in the middle of the day, until it is slightly above the 5 reales per dollar. The good outcome of Sunday's Flávio Bolsonaro was accompanied by the progress of his allies in Congress, which would make it easier for him to promote a pro-market agenda if he achieved the presidency.
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The Brazilian stock market applauds Bolsonaro's advantage in the first presidential round — Image credit: France 24 (Español)
The iBovespa stock market index, the most important in the São Paulo stock market, started the day with a strenuous rise of almost 9% and reached a historical peak, while the Brazilian real earns 4.5% against the dollar in the middle of the day, until it is slightly above the 5 reales per dollar. The good outcome of Sunday's Flávio Bolsonaro was accompanied by the progress of his allies in Congress, which would make it easier for him to promote a pro-market agenda if he achieved the presidency.
