Brazilian ETFs listed in Europe jump after Bolsonaro wins election By Reuters

© Reuters. Brazilian ETFs listed in Europe jump after Bolsonaro wins election

LONDON (Reuters) – Brazilian exchange-traded funds (ETFs) listed in Europe surged on Monday after Jair Bolsonaro emerged victorious in Brazil’s presidential election on Sunday.

Shares in the Germany-Listed ishares MSCI Brazil ETF rose 6.4 percent while the London-Listed iShares MSCI Brazil ETF (L:) leapt 6.8 percent after Bolsonaro’s election win.

Shares in Blackrock (NYSE:)’s Latin American Investment Trust (L:) also rose 6.9 percent.

Far-right candidate Bolsonaro has promised to clean up politics, shrink the state and crack down on crime, and markets hope he will embark on a series of structural reforms to boost Latin America’s largest economy after nearly a decade and a half of leftist rule.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.




Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

*

© 2019 Forex in Urdu All Rights Reserved