Lula vs Bolsonaro: how much the Ibex has at stake in the Brazilian elections
Otra preocupación para los vigilantes de los bonos. Leer
Spanish companies with significant investments in Brazil, such as Santander, Telefónica, Iberdrola, Naturgy, Mapfre, and Indra, are closely watching the country's presidential and legislative elections on October 4. The outcome may lead to significant fluctuations in the economy, currency, debt, and interest rates, affecting the companies' earnings.
Brazil's current president Lula da Silva and Flávio Bolsonaro are competing for the presidency, while the entire lower house and two-thirds of the Senate are up for renewal. Analysts expect a Lula win to lead to increased public spending and deficit, while a Bolsonaro victory would likely result in budget containment.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Scandal-weary Brazilians to vote as Lula faces Bolsonaro son batimes.com.ar
- Lula, Bolsonaro in Dead Heat as Brazil Prepares to Vote bloomberg.com
