U.S.-listed shares of Brazilian companies rose in premarket trading Monday as it became clear the incumbent Dilma Rousseff will face pro-business rival Aecio Neves in a second-round vote in Brazil’s most unpredictable presidential election since the nation’s return to democracy nearly three decades ago.
The runoff is set to take place on October 26.
Brazilian stock market: Neves’ surge
As reported, last week ISTO É magazine published the results of a survey by the Sensus polling company, which showed Ms. Rousseff gaining 37.3% of support, followed by 22.5% for Ms. Silva and 20.6% for Mr. Neves. The poll has a 2.2% margin for error which makes it a technical tie.
However, in an unexpectedly...
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