Daily Market Updates: Brazilian stocks jump as Bolsonaro becomes clear frontrunner

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Brazilian stocks jump as Bolsonaro becomes clear frontrunner

Markets moved after Brazil’s first-round election results, with a run-off scheduled for Oct. 25 against incumbent Lula da Silva.

Reported · Written up by our desk · North America

Brazilian stocks jumped after the first round results of Brazil’s presidential election on Sunday, as investors shifted toward expectations that Jair Bolsonaro would be the next president.

Bolsonaro is set to face incumbent Lula da Silva in a run-off election on Oct. 25, according to CNBC coverage.

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Sources

CNBC MarketsBrazilian stocks jump as Bolsonaro now seen as heavy favorite to win presidency

CNBC WorldBrazilian stocks jump as Bolsonaro now seen as heavy favorite to win presidency

CNBC FinanceBrazilian stocks jump as Bolsonaro now seen as heavy favorite to win presidency

Global Markets

Brazilian stocks jump as Bolsonaro becomes clear frontrunner

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