New president is seen as being positive for the stock market
Thursday 29 Aug 2019 Author: Tom Sieber
The election of the perceived market-friendly Jair Bolsonaro as president in October 2018 has proved a strong catalyst for Brazilian equities in 2019. The flagship Bovespa index is up a healthy 13.2% so far this year, compared with an 11.1% advance for the FTSE All-World, according to data from SharePad. The Bolsonaro administration, which has attracted criticism for authoritarian tendencies and socially conservative policies, has nonetheless pleased foreign investors...