Bolsonaro's Early Lead: Uncertainty In Brazil's Elections [Seeking Alpha]
Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A)
US:NYSE Investor Relations:
investidorpetrobras.com.br/en
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Source: Seeking Alpha
Bolsonaro's Early Lead: Uncertainty In Brazil's ElectionsSummaryBrazil is expected to hold the first round of its elections on October 7. Polls show right-wing candidate Jair Bolsonaro leading a race without Lula, who is in jail.It is too early to predict the outcome because Brazil's elections are held in 2 rounds and special circumstances make it complex.Markets favor Alckmin; Bolsonaro seems liberal but there are concerns; Marina and Ciro's policies could hurt investors; PT returning to power could exacerbate political tensions.Stocks with high political exposure such as Petrobras (PBR), the centerpiece of the "Lava Jato" scandal, are expected to reflect investor sentiment on Brazil's politics.Brazil is expecting tough years ahead regardless of who wins but elections and the policies and pressing reforms that follow are critical for its long-term future.
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- Brazil's Fiscal Woes Ramp Up Pressure on Lula's Finance Chief [BNN Bloomberg (Canada)]BNN Bloomberg