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Morning briefing: BRLA braced as Brazil falls on surprise Lula win 

Brazilian financial markets and its currency, the real, have sold off after President Luiz Inácio Lula da Silva achieved a surprise comeback victory in Brazil’s election, defeating the right-wing and more market-friendly candidate, Senator Flávio Bolsonaro. CNBC says the iShares MSCI Brazil ETF (EWZ) plunged nearly 20% in overnight trading. In the investment trust sector, eyes will be on BlackRock Latin American (BRLA) which is 64% in Brazil.

Gavin Lumsden
Written By Gavin Lumsden

Head of News

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