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Brazilian Markets Plunge as Lula's Surprise Re-election Shakes Investor Confidence

World News

Brazilian Markets Plunge as Lula's Surprise Re-election Shakes Investor Confidence

Markets are dismayed by Lula’s surprise win—and for good reason

Hindustan Times

Markets are dismayed by Lula’s surprise win—and for good reason

The pressure is on Brazil’s re-elected president to avoid an economic slump

Brazil's stock futures plunged nearly 15% after Lula won reelection

Cryptopolitan

Brazil's stock futures plunged nearly 15% after Lula won reelection

Brazil’s stock market is getting hammered, and the reason has plenty to do with politics. Investors rushed to sell Brazilian assets on Monday after President Luiz Inácio Lula da Silva secured...

Brazilian Markets Crash After Lula’s Surprise Election Win Stuns Investors

The Wall Street Journal

Brazilian Markets Crash After Lula’s Surprise Election Win Stuns Investors

Brazil’s main stock market index dropped to a two-month low after President Luiz Inácio Lula da Silva secured a surprise victory.

Brazil stocks, real tumble as Lula’s re-election ends bullish run

The Straits Times

Brazil stocks, real tumble as Lula’s re-election ends bullish run

Brazil stock exchange halts trading after Lula re-election as the real and stocks tumble amid market volatility.

Brazil’s Stock Market Crashes After Lula’s Upset Victory

Decrypt

Brazil’s Stock Market Crashes After Lula’s Upset Victory

The iShares Brazil ETF fell as much as 26% after Lula da Silva beat Flávio Bolsonaro, who prediction markets had at 80%, while the dollar jumped as much as 12% against the real.

Opinion | Markets Don’t Vote for Lula in Brazil

The Wall Street Journal

Opinion | Markets Don’t Vote for Lula in Brazil

The country’s stocks, bonds and currency plunge after the socialist wins.

Brazil-Exposed Companies Slide After Surprise Lula Victory

The Wall Street Journal

Brazil-Exposed Companies Slide After Surprise Lula Victory

Spanish and Portuguese stocks were especially hard hit by the election result, with shares in Spain’s largest bank, Santander, down close to 4%.

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