D EMOCRATS OF THE world shuddered after the first round of Brazil’s presidential election. Flávio Bolsonaro, son of a coup-plotting former president, unexpectedly beat the incumbent, Luiz Inácio Lula da Silva. He looks poised to carry the run-off against Lula, as the 80-year-old leftist icon is known, on October 25th.Capitalists, too, trembled—but with excitement.
São Paulo’s stock-market index jumped by nearly 8% the next day, the real strengthened and yields on government bonds fell. Financial firms race to create instruments to trade processing power Who will buy $120bn-worth of fresh Japanese government bonds? It’s not just Commerzbank: Italians are eating up German business To enhance your experience and ensure our website runs smoothly, we use cookies and similar technologies.
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