Market rebounds following first round of Brazil presidential election
EWZ iShares MSCI Brazil ETF
$42.98 +12.54%
View chart & analysis → - 1Flavio Bolsonaro advanced to the runoff election alongside Luiz Inácio Lula da Silva with over 47% of the vote.
- 2Polymarket's predicted probability of a Bolsonaro victory has surged to 85%.
- 3Investors viewed Bolsonaro as more favorable to the market due to his promise of greater fiscal discipline.
So what's the key point?
Candidate Bolsonaro secured more than 47% of the vote to enter the runoff election. Investors believe he is more favorable to the market because he promised strict management of finances.
Source CNBC · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.