Brazilian Assets Sold Off: Brazil ETFs Drop Over 27% as Lula’s Re-Election Shatters Fiscal Consolidation Expectations, Bank and Oil Stocks Tumble
TradingKey - On October 26, Eastern Time, Brazilian President Lula defeated Flávio Bolsonaro in the second round of the presidential election, securing a fourth non-consecutive presidential term. Following the announcement of the election results, Brazilian assets suffered a sharp sell-off in US pre-market trading.
TradingKey - On October 26, Eastern Time, Brazilian President Lula defeated Flávio Bolsonaro in the second round of the presidential election, securing a fourth non-consecutive presidential term. Following the announcement of the election results, Brazilian assets suffered a sharp sell-off in US pre-market trading.
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