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The Brazilian stock market suspended trading after the main Vespa index fell 17.3% to 169,516 points amid the re-election of Luiz Inacio Lula da Silva as president. The Brazilian real also fell more than 12% against the dollar at its lows, according to RBC. Investors doubt the willingness of the new government to contain the growing budget deficit, which will limit the extent of interest rate cuts.

Кролик с Неглинной · · Source

🇧🇷 Brazil · Map

The Brazilian stock market suspended trading after the main Vespa index fell 17.3% to 169,516 points amid the re-election of Luiz Inacio Lula da Silva as president. The Brazilian real also fell more than 12% against the dollar at its lows, according to RBC. Investors doubt the willingness of the new government to contain the growing budget deficit, which will limit the extent of interest rate cuts.

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