Economy
Morgan Stanley sees dollar at R$ 5.60 and up to 30% drop in Stock Market after Lula's reelection
According to the bank, the yield curve could steepen by at least 300 basis points and the Ibovespa could pull back to around 130 thousand points by mid-2027.
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The essentials of this story
- What happened
- The presidential reelection generated a sharp rise in the dollar, volatility in financial markets, and expectations of a strong correction in the Stock Exchange and the yield curve.
- Who is affected
- Investors, exporting companies, financial institutions, and the Brazilian capital and credit market.
- What changes
- The dollar began trading at R$ 5.605, while banks and analysts revise projections for public debt, interest rates, exchange rates, and the performance of the Ibovespa for the coming months.
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