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Brazil index futures drop 15% to limit down as Lula wins election

NewsFeeds update

Brazilian stock index futures fell 15% and hit limit down, according to MSX.COM data, after President Lula won the presidential election.

MacroOdailyAINeutral

Read the original on Odaily

The story so far: Brazil markets fall after Lula election win

After Lula won Brazil's presidential election, JPMorgan downgraded the Brazilian real and government bonds to neutral from overweight and cut its rating on Brazilian international bonds to underweight. Brazilian stock index futures then fell 15% to limit down.

  1. JPMorgan cuts Brazil ratings after Lula wins election

    After Lula won Brazil's election, JPMorgan downgraded the Brazilian real and government bonds to neutral from overweight, and cut its rating on Brazilian international bonds to underweight from neutral.

    MacroOdailyAINeutral

  2. Brazil index futures drop 15% to limit down as Lula wins election

    Brazilian stock index futures fell 15% and hit limit down, according to MSX.COM data, after President Lula won the presidential election.

    MacroOdailyAINeutral

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.