
Brazil's Ibovespa equity index jumped 4.1 percent, its biggest gain in two years, as the real strengthened to a two-month high. Petrobras shares rose more than 8 percent and bonds rallied alongside, as investors reacted to Jair Bolsonaro taking a commanding lead in the presidential race.
Political outcomes favoring market-friendly policy strengthen the real, which makes Brazilian soy, corn and meal cheaper for foreign buyers and can pressure global feed prices. The effect on grain prices is indirect and modest.
Après 213 événements macro baissier passés, Réal brésilien (BRL par USD) a varié en médiane de -0,2 % sur 5 séances (46 % de hausses ; moitié centrale de -1,5 % à +0,9 %), et de +0,2 % sur 20.
Variations du benchmark de chaque matière depuis la dernière clôture avant l'événement. Les lectures historiques regroupent les événements passés de même nature ; elles décrivent ce qui s'est passé, pas ce qui arrivera. Ceci n'est pas un conseil en investissement.
The Ibovespa jumped 4.1% and the real hit a two-month high on Bolsonaro's commanding lead, a direct sentiment-driven capital inflow that strengthened BRL sharply.
Bloomberg reports the real hit a two-month high as investors rallied on Bolsonaro's commanding lead, which matches the sharp BRL per USD drop (BRL strengthening) through sentiment and capital inflows.