BUZZ - Boosted by market sentiment from Bolsonaro’s strong performance, Brazilian ADR prices rise
路透社2026/10/05 09:06October 5 – As Brazil's right-wing senator Flávio Bolsonaro outperformed expectations in the first round of the presidential elections on Sunday, shares of Brazilian companies listed in the U.S. rose in pre-market trading (link). Bolsonaro held a narrow lead over the incumbent president Luiz Inácio Lula da Silva, with both set to compete in a runoff on October 25. The senator is the son of right-wing former president Jair Bolsonaro. “Bolsonaro's stronger-than-expected performance, coupled with a rightward shift in Congress, should support Brazil’s benchmark stock index Ibovespa and put downward pressure on long-term yields,” said Andrés Abadía, Chief Latin America Economist at Pantheon Macroeconomics. Shares of state-owned oil company Petrobras (PBR.N) rose 10.4%, while Latin America's largest private bank Itau Unibanco (ITUB.N) climbed 11.2%. Banco Bradesco (BBD.N) increased 10.8%, and aircraft manufacturer Embraer (ERJ.N) gained 6.3%. Brazilian e-commerce and fintech company MercadoLibre (BBD.N) and digital bank Nu Holdings (NU.N) rose 6.8% and 10.4% respectively. The iShares MSCI Brazil ETF (EWZ.P) was up 11.6%. As of the previous trading session, Brazil’s benchmark Bovespa Index (.BVSP) had gained over 19% year-to-date. (For the convenience of non-English speakers, Reuters automates the translation of its reports into several other languages. Automated translations may contain errors or may not provide needed context; Reuters does not guarantee the accuracy of automated translation texts and provides them solely for reader convenience. Reuters accepts no liability for any damage or loss caused by the use of automated translation functions.)
October 5 - ** As Brazilian right-wing senator Flavio Bolsonaro outperformed expectations in the first round of Sunday’s presidential election, shares of Brazilian companies listed in the US rose in pre-market trading (link)
** Bolsonaro is narrowly ahead of incumbent President Luiz Inacio Lula da Silva, with both set to face off in a runoff election on October 25
** The senator is the son of former right-wing President Jair Bolsonaro
** “(Bolsonaro’s) stronger-than-expected performance, together with a rightward shift in Congress, should support Brazil’s benchmark Ibovespa stock index and put downward pressure on long-term yields,” said Andres Abadia, Chief Latin America Economist at Pantheon Macroeconomics
** State-run oil company Petrobras PBR.N rose by 10.4%, while Latin America’s largest private bank, Itau Unibanco ITUB.N, climbed 11.2%
** Bank Banco Bradesco BBD.N gained 10.8%, and aircraft maker Embraer ERJ.N was up 6.3%
** Brazilian e-commerce and fintech company MercadoLibre (BBD.N) and digital bank Nu Holdings (NU.N) saw their share prices increase by 6.8% and 10.4% respectively
** iShares MSCI Brazil ETF EWZ.P rose 11.6%
** As of the previous trading day’s close, Brazil’s benchmark Bovespa index (.BVSP) has gained more than 19% year to date
(For the convenience of non-English speakers, Reuters automatically translates its reports into several other languages. As automated translation may contain errors or lack necessary context, Reuters does not guarantee the accuracy of the automated text. It is provided solely for reader convenience. Reuters accepts no responsibility for any damage or loss caused by use of automated translation functionality.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BUZZ - After the turmoil of Firmus' initial public offering, Australia's Maas Group shares plunged nearly 30% this week
October 9 - ** Shares of Australian Maas Group (MGH.AX) have fallen more than 27% so far this week and are set for their worst weekly performance if the downward trend continues. ** On Thursday, media reported that Firmus, backed by Nvidia, might reduce the size of its AUD 5 billion Australian IPO (link), sparking investor concerns and leading to a 30% plunge in shares of construction services provider MGH. ** MGH holds a 3.2% stake in this AI data center operator. ** MGH suspended trading on Friday (link), pending an announcement related to Firmus. Firmus has shelved its AUD 5 billion listing plan due to market volatility and conditions. ** Before the suspension, MGH's shares had already fallen over 8% this year. (For the convenience of non-English speakers, Reuters automatically translates its reports into several other languages. This automated translation may contain inaccuracies or omit the desired context; Reuters does not guarantee the accuracy of automated translations and provides them solely for reader convenience. Reuters accepts no liability for any harm or loss caused by the use of automated translations.)
Apple to launch dual products in October: First touch-screen MacBook and new iPad mini to debut simultaneously
Apple is planning to hold its second product launch event of the month around October 27, where it will introduce its first-ever touchscreen MacBook Pro (featuring an OLED display and the “Dynamic Island” interface), a new iPad mini (also upgraded with OLED and a repositioned camera), as well as a 14-inch MacBook Pro and iMac powered by the M6 chip. These are the first major products overseen by the new CEO, John Ternus.
BUZZ - Driven by active trading, the Australian Securities Exchange (ASX) is on track for its best week in two months
October 9 – The stock price of ASX ASX.AX, the operator of the Australian Securities Exchange, has risen more than 3.8% so far this week, on track for its best weekly performance since early August. On Thursday, Citi raised its annual earnings per share (EPS) forecast for ASX by 2%, citing continued strong trading activity. On Friday, the stock was up as much as 0.3% to 60.79 AUD. Citi also holds a positive view of ASX’s new CEO, Anthony Attia, agreeing with his approach of bringing in external talent and modernizing technology. Including the latest gain, the stock is up 18% year-to-date. (For the convenience of non-English speakers, Reuters provides automated translations of its reports into several other languages. Since automated translations may contain errors or lack context, Reuters does not guarantee the accuracy of the translation. The automated translation is provided solely for the convenience of readers, and Reuters accepts no liability for any damage or loss arising from the use of the automated translation.)
Goldman Sachs upgrades Palantir (PLTR.US) to "Buy" with a price target of $230, optimistic about AI growth continuing through 2027.
Goldman Sachs has upgraded enterprise software company Palantir from "Neutral" to "Buy," citing the company's recent underperformance in stock price and increased valuation attractiveness.
Crypto prices
More
