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EWZ - ISHARES MSCI BRAZIL ETF News Story

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BUZZ-U.S.-traded Brazilian assets rally after Bolsonaro win

Mon 29th October, 2018 12:50pm
** iShares MSCI Brazil ETF  EWZ  up 5.4 pct at $42.21 a day
after far-right lawmaker Jair Bolsonaro won Brazil's
presidential election, promising to shrink the state and crack
down on crime
    ** Investors have also cheered Bolsonaro's ascent, relieved
that he could keep the left-leaning PT (Workers Party) out of
power and hopeful that he would carry out fiscal reforms
proposed by his orthodox economic guru  urn:newsml:reuters.com:*:nL2N1X803H
    ** U.S.-traded shares of Petrobras  PBR , the state-owned
energy company that could be in line for privatization, rose 6.5
pct to $17.30; miner Vale  VALE.K  added 3.1 pct to $15.54 and
Itau Unibanco  ITUB.K  gained 3.8 pct to $13.75
    ** The iShares MSCI emerging markets ETF  EEM  rose 1.3 pct
at $39.19
    ** The Brazilian real  BRL=  rose 1.02 pct against the U.S.
dollar, recently trading at 3.606 per dollar
    ** Brazil's Bovespa index  .BVSP  is up nearly 15 pct since
mid September, when polls started sharply favoring Bolsonaro
    
    



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