
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.
Setelah 213 peristiwa makro bearish sebelumnya, Real Brasil (BRL per USD) bergerak median -0,2% selama 5 sesi (46% lebih tinggi; separuh tengah -1,5% sampai +0,9%), dan +0,2% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
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.