Brazil woke up today not only to a new political reality, with two presidential candidates heading into a second round in which Flávio Bolsonaro has the advantage, but also to a rise on the stock exchange.
With Flávio Bolsonaro’s strong showing in Sunday’s vote, taking 47% of ballots cast, the Ibovespa index (IBOV), the main benchmark for shares traded on Brazil’s leading stock exchange (B3), recorded an 8% jump. On Friday it had also closed higher, up 2.46%.
