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Petrobras rally cools in the face of election

🔔 The dashboard: Brazil’s benchmark stock index Ibovespa fell 4.77 percent this week. Meanwhile, the Brazilian real fell 2.56 percent against the US dollar.

  • Biggest gains: Yudqs (education): +21.91 percent.
  • Biggest drops: BRF (meat producer): -17.34 percent.

Petrobras rally cools ahead of election

The price spike that propelled Petrobras’ shares to their in over a decade following the runoff between Jair Bolsonaro and former President Luiz Inácio Lula da Silva has achieved highest confirmation level.

State of play. There’s an overall sentiment among investors and analysts that a second term for right-wing incumbent Jair Bolsonaro could be…

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