As Global Stocks Fall, Investors Put Trust in Brazil

By Anonymous

Brazilian assets surge after a first round of the presidential election, giving some analysts hope about the country’s economy

Investors searching for bright spots in last week’s global stock tumble found one in Brazil.

Assets in the struggling South American country surged early in the week following a first round of the presidential election that handed a win to leading candidate Jair Bolsonaro. His economic adviser, Paulo Guedes, has the market betting that Brazil will soon emerge from a long economic slump.