🔥BREAKING: Brazilian financial assets are facing a heavy sell-off, markets plunge 20% following President Lula da Silva’s historic and dramatic comeback victory 📉. $ERA $DODO $REZ
The iShares MSCI Brazil ETF fell nearly 20% in overnight trading as Lula secured 51.8% of the vote.
Markets heavily anticipated tighter fiscal spending, corporate tax cuts, and a rapid decline in interest rates under a right-wing government.
The iShares MSCI Brazil ETF fell nearly 20% in overnight trading as Lula secured 51.8% of the vote.
Markets heavily anticipated tighter fiscal spending, corporate tax cuts, and a rapid decline in interest rates under a right-wing government.
