Economy & Finance
Brazilian markets crash after Lula da Silva's surprise reelection
Ibovespa index fell 10% triggering circuit breaker and trading halt while iShares MSCI Brazil ETF dropped over 25% and the real weakened more than 10% versus USD after Lula's reelection. Anthropic filed S-1 showing first-half 2026 revenue of $16.3 billion with over 1,300% year-on-year growth in the recent quarter and net loss of $80.7 billion ahead of Nasdaq listing under ANT. Markets assign over 90% probability of no change to the 3.75%-4.00% Fed target range at the October meeting after the September hike.
Illustrative · UnsplashEvents
Brazilian markets crash after Lula da Silva's surprise reelection
- FactIbovespa index fell 10% triggering circuit breaker and trading halt; iShares MSCI Brazil ETF dropped over 25%; Brazilian real weakened more than 10% versus USD as investors repriced fiscal risks under Lula.
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