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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.

WorldOrderWatcherWO
1 Source, 1h ago, first seen 1h ago

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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23

1 Source, first seen 1h ago

1 comments

Combined views

23

1 Source, first seen 1h ago

1 comments

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1 Source

WorldOrderWatcher@StayInformedNowUnder the hood: B3, Magazine Luiza and Cosan each rose more than 20%, Bradesco 13%, and US-listed XP 33%. Brazil's 5-year CDS fell 20 bp, and JPMorgan upgraded Brazilian stocks to overweight. The bet is a friendlier Congress: Bolsonaro's PL went from 15 to 28 Senate seats.1h
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    1 Source

    WorldOrderWatcher@StayInformedNowUnder the hood: B3, Magazine Luiza and Cosan each rose more than 20%, Bradesco 13%, and US-listed XP 33%. Brazil's 5-year CDS fell 20 bp, and JPMorgan upgraded Brazilian stocks to overweight. The bet is a friendlier Congress: Bolsonaro's PL went from 15 to 28 Senate seats.1h
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