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Brazilian Stock Exchange Rose More Of 4%

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October 3, 2018 - Sao Paulo, Brazil - The financial market has a new day of euphoria on Wednesday 3 October 2018 in Sao Paulo, Brazil , after research Datafolha confirm Jair Bolsonaro's advantage (PSL) in the preference of the voters a few days of the first turn. Soon after the opening of the market, the Brazilian Stock Exchange rose more of 4%, above 85 thousand points, at the highest level since May 16. At 3:25 pm, the Ibovespa was traded up 2.48% to 83,643 points. The dollar fell to a low of R $ 3.8240, but now recovered in the afternoon the level of R $ 3.90. At 3:23 pm, it lost 0.35%, to R $ 3.9210. Jair Bolsonaro is seen as more inclined than Haddad to promote reforms that the financial market considers necessary for the resumption of the economy. In the brokerage firms, analysts also say that Bolsonaro should have greater support in the congress, since the parties of the so-called center, related to Geraldo Alckmin, are already signaling support for the PSL candidate. (Credit Image: © Cris Faga/NurPhoto/ZUMA Press)

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Brazil economy index Ibovespa Business Finance and Industry Has Slight Bullishness market profits dollars crisis corporate Brazilian Stock Exchange Rose More Of 4% zworld zselect zagency dealmeida-notitle181003_np3oA.jpg zadvisory 20181003_zaa_n230_1063.jpg 20181003_zaa_n230_1063.jpg
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Daily Round Up - 4 Oct 2018
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October 3, 2018 - Sao Paulo, Brazil - The financial market has a new day of euphoria on Wednesday 3 October 2018 in Sao Paulo, Brazil , after research Datafolha confirm Jair Bolsonaro's advantage (PSL) in the preference of the voters a few days of the first turn. Soon after the opening of the market, the Brazilian Stock Exchange rose more of 4%, above 85 thousand points, at the highest level since May 16. At 3:25 pm, the Ibovespa was traded up 2.48% to 83,643 points. The dollar fell to a low of R $ 3.8240, but now recovered in the afternoon the level of R $ 3.90. At 3:23 pm, it lost 0.35%, to R $ 3.9210. Jair Bolsonaro is seen as more inclined than Haddad to promote reforms that the financial market considers necessary for the resumption of the economy. In the brokerage firms, analysts also say that Bolsonaro should have greater support in the congress, since the parties of the so-called center, related to Geraldo Alckmin, are already signaling support for the PSL candidate. (Credit Image: © Cris Faga/NurPhoto/ZUMA Press)