0121 568 8793 [email protected]
Rousseff Election campaign

Brazil stock markets soar following election

October 8 2014

The first round of presidential elections has seen Brazil stock markets jump 5.3% since news of the vote results were announced.

After sealing the majority of the votes by 42%, President Dilma Rousseff’s victory was not enough to win outright meaning pro-business candidate Aecio Neves may still be in with a chance, clinching an unexpected 34% of votes and resulting in a run-off vote which is to be held on 26 October. The favourite, Marina Silva only managed to gain 21% of the votes meaning she is now out of the race.

The news sent the BRLA Investment Trust (which has a 64% weighting to Brazil stock markets) to the top of the FTSE, up by 6.7% creating the ultimate boost for investors. The past five years has been disappointing for BRLA shareholders seeing a near 6% decline even with dividends included.

With the success of either candidate dependant on gaining the support of Silva voters, the anticipated run-off vote between Neves and Rousseff will certainly lead to rallies in the countries stock market, whichever candidate prevails.

Source City Wire

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter

warship Brazil

UK agrees sale of HMS Ocean to Brazil

The MOD has agreed to sell HMS Ocean to the Government of Brazil after 20 years of service. Sold to the Brazilian Navy for around £84M, the profit generated from the sale will be reinvested in defence at a time...

Read More

Stay up to date

Sign up to our monthly newsletter:

Email Address

By signing up to our newsletter you indicate your consent to receiving email marketing messages from us. If you do not want to receive such messages, tick here: 

You can opt out any time via the unsubscribe link at the bottom of our newsletter or click here