Editorial photo #3250058 Economy, Business and Finance

Brazilian Stock Exchange Rose More Of 4%

The financial market has a new day of euphoria on Wednesday 3 October 2018 in Sao Paulo, Brazil , after research Datafolha confirm Jair Bolsonaro's advantage (PSL) in the preference of the voters a few days of the first turn. Soon after the opening of the market, the Brazilian Stock Exchange rose more of 4%, above 85 thousand points, at the highest level since May 16. At 3:25 pm, the Ibovespa was traded up 2.48% to 83,643 points. The dollar fell to a low of R $ 3.8240, but now recovered in the afternoon the level of R $ 3.90. At 3:23 pm, it lost 0.35%, to R $ 3.9210. Jair Bolsonaro is seen as more inclined than Haddad to promote reforms that the financial market considers necessary for the resumption of the economy. In the brokerage firms, analysts also say that Bolsonaro should have greater support in the congress, since the parties of the so-called center, related to Geraldo Alckmin, are already signaling support for the PSL candidate. (Photo by Cris Faga/NurPhoto)