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Brazil Funds Jump On Right's Surge In Presidential Race - Citywire Money

by citywire.co.uk posted 8months ago 41 views
Brazil's stock market builds on rally after right-wing presidential candidate Jair Bolsonaro's resounding victory in first round vote. : Brazil's stock market has jumped after far-right presidential candidate Jair Bolsonaro's resounding victory in the first round of voting. Investors have latched onto Bolsonaro's ascent in the polls, as the right-wing candidate has made reform of the country's pension system, which has saddled the economy with big debts, one of his priorities. The MSCI Brazil index has risen 17% over the last three weeks in dollar terms, buoying funds invested in the country.

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