Morgan Stanley warned that Brazil's stock market is expected to fall by 20% to 30% after Lula won the presidential election
Morgan Stanley warned that Brazil's stock market is expected to fall by 20% to 30% after Lula won the presidential election. The bank predicted that the USD/BRL exchange rate would rise to 5.60, potentially reaching 6.00 if fiscal concerns intensify, while interbank interest rates would face upward pressure of 300 to 400 basis points.
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