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Brazil stocks break out on election optimism, diversification demand
MarketWatchLO·BR · US·1 day ago
A BofA survey of 32 LatAm managers (US$79B AUM) shows over half plan to increase Brazilian stock exposure before the second round, citing a more right-wing Congress and Flávio Bolsonaro leading Lula in the first round. This signals a market-friendly political shift, though the survey is small and pre-runoff sentiment may shift.