Cuatro valores españoles que bailan al ritmo de Brasil
La victoria en la primera vuelta de Flávio Bolsonaro, líder del Partido Liberal, anima en Bolsa a los valores españoles con intereses en la región, ya que adoptaría medidas promercado. Leer
The Brazilian presidential election's first round results positively impacted Spanish stocks in the Spanish market yesterday. Leading Spanish stocks with significant exposure to the Brazilian market included Santander, Telefónica, and Mapfre, which saw gains ranging from 1.43% to 4.52%. Iberdrola, with less exposure, gained 0.86%.
Flávio Bolsonaro's victory in the election, securing 47.1% of the votes compared to Luiz Inácio Lula da Silva's 45.1%, has raised expectations for more pro-market economic policies with fiscal discipline and structural reforms. Analysts believe these prospects could benefit Spanish stocks, reducing some of the risks currently affecting their businesses in Brazil.
Nicolás López of Singular Bank noted that a Bolsonaro victory would make structural reforms and deficit reduction more predictable, potentially allowing the Central Bank of Brazil to initiate rate cuts, currently at high levels (14%). Banco Santander was highlighted by Singular Bank, XTB, and Renta 4, as a potential beneficiary due to possible interest rate reductions.
Santander's perspective on faster monetary policy flexibility is supporting its value, given that the interest margin has an inverse sensitivity to interest rate movements, with Brazil contributing 25% of the margin and 15% of the first-half profit.
Written by urgent.news from Expansion ES's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
