📰 Source: upgoat.net | Upgoat

✍️ Original author: PoundOfFlesh

⬆️ score: 19

v/WorldNews · by u/PoundOfFlesh

📝 Original content:

(took this from an AI summary because there isn’t a decent link with all this info in one place)

Ibovespa Index: Fell 10% immediately upon opening, forcing B3 (the stock exchange operator) to halt trading for 30 minutes in the first circuit breaker event since early 2020. Futures tied to the index dropped nearly 15%.

The Brazilian Real: Slid roughly 11% to 12% against the U.S. dollar, dropping from R$4.98 to around R$5.64.

• The iShares MSCI Brazil ETF fell over 27% in premarket trade, tracking its worst single-day drop since July 2000. • State-run oil company Petrobras tumbled about 20% to 22%. • Financial services firm XP plummeted nearly 48% to 50% premarket. • Digital bank Nu Holdings (Nubank) fell 25%. • Major bank Itaú Unibanco dropped 27%.

Bonds & Government Debt: Longer-dated swap rates surged up to 300 basis points, and the Brazilian Treasury canceled scheduled auctions for inflation-linked and fixed-rate government bonds.

…

I’m seeing plenty of articles predicting US stock market gains after next week’s fake and gay election, which means it’ll probably tank as well. It depends on how (((investors))) view the probable Demonrat victories due to Zognald’s general unpopularity, the war against Iran, fuel costs, and such.

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