The Brazilian real plunges and the stock market falls after the re-election of Lula The Brazilian markets reacted with heavy losses to the re-election of Luiz Inacio Lula da Silva. The real fell by almost 12% against the dollar and futures on the Vespa index fell by almost 15%, amid investor doubts about the fiscal policy of the next government and the uncertainty created by Flavio Bolsonaro's decision to challenge the election result. read more

The Brazilian real plunges and the stock market falls after the re-election of Lula The Brazilian markets reacted with heavy losses to the re-election of Luiz Inacio Lula da Silva. The real fell by almost 12% against the dollar and futures on the Vespa index fell by almost 15%, amid investor doubts about the fiscal policy of the next government and the uncertainty created by Flavio Bolsonaro's decision to challenge the election result. read more