El mercado toma partido en las elecciones, y no nos sorprende
Los inversores no disimulan su preferencia por las derechas, incluso las más populistas como la de los Bolsonaro. La victoria de Lula fue recibida con un descalabro de la Bolsa y el real. No está pasando solo en Brasil
As the Brazilian election unfolded, the markets took a firm stance, a development that comes as no surprise. Luiz Inácio Lula da Silva, now 81 years old, is no stranger to the political arena and has now embarked on his fourth presidential term, though this one is not consecutive. Between his second and third terms, Dilma Rousseff, Michel Temer, and Jair Bolsonaro held the office.
Lula's impressive comeback in the second round, following a first-place finish behind Flávio Bolsonaro, was met with a resounding response from the financial community. The Brazilian real plummeted by 7.8% on Monday, while the Bovespa index on the stock exchange saw a 13.4% decline, with trading nearly grinding to a halt amid the sell-off.
Investors had placed their bets on Flávio Bolsonaro, the less-than-ideal candidate, who quickly changed his tune after securing his father's pardon upon entering the presidential seat. The markets seem to have overlooked the ideological feather in their cap, and it remains to be seen if their reactions will persist.
Written by urgent.news from El Pais Economia's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
