Brazilian Stock Market Surges on Fiscal Package Anticipation, Defying U.S. Election Tensions

The Brazilian stock market experienced a significant upturn on Monday, November 4, 2024. The Ibovespa index, Brazil’s main stock market indicator, climbed by 1.87% to reach 130,512.13 points. This surge was primarily driven by expectations of an imminent fiscal package announcement. Finance Minister Fernando Haddad hinted at the forthcoming release of public spending measures. He […]