Skip to comments.Global Markets Celebrate Election Of Bolsonaro and Downfall Of Merkel
Posted on 10/30/2018 4:52:39 AM PDT by blam
Stocks around the globe rose in the wake of the election of Jair Bolsonaro in Brazil and German Chancellor Angela Merkel announcing she would step down as leader of her party. Brazilian stocks soared on Monday morning, pushing its benchmark Bovespa stock index up 3.1 percent to a record high. Stocks retreated later in the day, as investors booked profits from the run up in stocks that seen the iShares MSCI Brazil ETF rise more than 18 percent this month.
Germanys DAX 30 had its best daily gain in nearly two months, rising 1.2 percent. Italys FTSE MIB Italy index rose 1.95%. The U.K.s FTSE 100 rose 1.3 percent.
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See what Donald Trump started! May he go forth and multiply.
Let’s hope this gives the markets a shot of confidence.
We were at new records only four weeks ago.
But Merkel isn’t gone yet. How can the world miss the b!+c# if she won’t go away?
Best President ever....
How can the world miss the b!+c# if she wont go away? This could apply to Hillary as well /s
Merkel’s departure in 2 years is on the surface a good thing. Unfortunately, the Christian Democrats are probably going to pick Annegret Kremp-Karrenbauer, who is basically a younger clone of Merkel, as her successor. The only hope for Germany is for an AFD upset in two years.
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