Macro Finance
Shock Lula Win Derails $6 Billion in Equity Sales as Banks Reel
Bloomberg Markets·October 26, 2026·1 min read
Brazilian companies had about $6 billion in equity sales lined up for the weeks after the vote, expecting conservative Flávio Bolsonaro to win the presidency. The shock victory of Lula derailed these plans, leaving banks and companies scrambling to adjust.
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