Trading Day: Nasdaq highs, Brazil surprise

On Monday, the Nasdaq reached a new high due to optimism from earnings and a decline in oil prices, despite increasing bond yields. Brazilian assets experienced the day's most significant gains, marking historic increases following Flavio Bolsonaro's strong performance in the first round of Brazil's presidential election. With the first round now concluding, Bolsonaro appears to be the frontrunner for the second and decisive round scheduled in three weeks.

This surge in Brazilian assets follows the son of former hard-right President Jair Bolsonaro's performance, which has caught the attention of financial markets.