Brazil’s markets and currency struggle after Luiz Inácio Lula da Silva’s victory in the election.
Brazil’s financial markets and currency faced a steep decline on Monday following leftist President Luiz Inácio Lula da Silva’s reelection. This drastic drop led to a temporary halt in trading across the South American nation. Futures for the Brazilian stock index, Bovespa, plummeted nearly 15%, with the real, Brazil’s currency, sliding almost 12% that morning, […]