🔔 The dashboard: After Lula won the presidency, Brazil’s benchmark stock index Ibovespa rose by 3.16 percent this week. Meanwhile, the Brazilian real gained 4.48 percent against the US dollar.
- Biggest gains: 3R Petroleum (oil and gas): +17.76 percent.
- Biggest falls: Petrobras (oil and gas): -13.11 percent.
Not exactly happy, but markets are giving Lula the chance
The first post-election trading week is over. Investors, especially foreign ones, have given President-elect Luiz Inácio Lula da Silva the benefit of the doubt.
State of play. Contrary to expectations, Brazilian markets reacted positively to Lula’s win. Trading volume on the stock exchange…