Lula’s Win Derails $6 Billion in Equity Sales — SkimNews
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- Lula won Brazil’s runoff, and the result derailed $6 billion in equity sales while leaving banks reeling.
- Polymarket had Flávio Bolsonaro as an approximately 80% favorite before Lula won, while Brazilian assets stayed steady as investors geared up for a pivot.
Why it matters: Banks bore the immediate disruption: Lula’s win derailed $6 billion in equity sales and left them reeling. Yet Brazilian assets stayed steady, while Polymarket’s roughly 80% favorite, Flávio Bolsonaro, lost—a sharp split between market pricing, banking fallout and the broader asset reaction.
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