星球日报
星球日报|Oct 26, 2026 07:56
[Analysts: Investors Should Consider Buying on Dips in the Brazilian Market] According to Odaily Planet Daily, Gavekal Research analyst Rohan Daswani stated that while the Brazilian market may experience a sharp sell-off at the open following Lula's unexpected victory over Bolsonaro, investors should view this as a buying opportunity. He pointed out that the market had already priced in Bolsonaro's victory and expectations of stronger fiscal discipline. However, with the unwinding of related trades, investors' structurally bullish reasons for Brazil remain valid, including exceptionally high nominal and real interest rates, significant commodity exposure, and Brazil's growing importance in key mineral supply chains. Furthermore, the Brazilian Congress's stance is significantly more conservative than the president's, limiting the scope for a significant leftward shift in economic policy. (Brazilian stock market opens at 21:00 Beijing time)
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