Market move● Neutral for Indian equities
Brazil’s markets rally as investors bet on Bolsonaro win
The brief
- Brazil’s markets rallied as investors bet on Flavio Bolsonaro winning
- Investors expect him to enact faster spending cuts than current president Lula
- Brazilian voters choose between Lula and Flavio Bolsonaro in polarized election
- Flavio Bolsonaro leads Lula in Brazil’s first-round vote, setting up a runoff