MarketsNotablePartial
6.1
Kinea: Brazil equities cheap but election is key turning point
InfoMoney·BR·3 days ago
Ibovespa dropped on Friday, ending a four-week winning streak, pressured by declines in Santander, Vale, and Petrobras as oil prices fell. A Datafolha poll showing a technical tie between Lula and Flávio Bolsonaro in a potential runoff adds political uncertainty, though the market impact is secondary to commodity and blue-chip moves.
Brazil's Ibovespa has declined, ending a four-week winning streak, primarily driven by rising global interest rates and domestic electoral uncertainty. Blue-chip companies like Vale, Bradesco, Santander, and Petrobras led losses, with domestic cyclicals also declining. The market's reaction reflects a risk-off sentiment in Brazilian equities.