Stanley Druckenmiller's Brazil Bet Appears To Pay Off After Election Shock. Brazil's Biggest ETF Soars 13% On The News
31 Articles
31 Articles
The S&P Merval rises more than 3% and the bonds in dollars recover 1.3% on average. The indicator of JP Morgan yields to 614 basis points
Stanley Druckenmiller's Brazil Bet Appears To Pay Off After Election Shock. Brazil's Biggest ETF Soars 13% On The News
The post Stanley Druckenmiller’s Brazil Bet Appears To Pay Off After Election Shock. Brazil’s Biggest ETF Soars 13% On The News appeared first on 24/7 Wall St.. The iShares MSCI Brazil ETF (NYSEARCA:EWZ) rose 13.32% in Monday’s regular session and traded at $43.28 as of 11:03 AM ET this morning. Through this morning, the fund is up 17.54% over the past week, 37.53% year to date and 49.68% over the past year, according to WSJ. Election Upset Lift…
The result of the first round surprised against what the polls anticipated and led to a rapid revaluation of Brazilian assets; the real against the dollar is also strengthened
Petrobras shares jump 9.3% in the pre-opening of Wall Street, while large banks' securities jump more than 10%.
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