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B3, Magazine Luiza and Cosan reportedly rose more than 20% each
A reply links the gains to bets on a friendlier Congress, saying Bolsonaro’s PL went from 15 to 28 Senate seats.
TLDR
A reply says B3, Magazine Luiza and Cosan each rose more than 20%, Bradesco rose 13%, and US-listed XP gained 33%. It also says Brazil’s five-year CDS fell 20 basis points and JPMorgan upgraded Brazilian stocks to overweight. The writer describes the bet as a friendlier Congress, noting that Bolsonaro’s PL went from 15 to 28 Senate seats.
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