In Brazil, financial circles lean towards the far-right promises of Flavio Bolsonaro

On Brigadeiro-Faria-Lima, São Paulo's financial hub, buildings lack flags for far-right candidate Flavio Bolsonaro, unlike other city areas. The financial market favors Bolsonaro, son of former president Jair Bolsonaro, over leftist incumbent Luiz Inacio Lula da Silva in the upcoming election. An anonymous chief economist notes that Bolsonaro's economic program aligns with market ideology, advocating for reduced public spending, tax cuts, and privatizations. Following the first election round, Bolsonaro led with 47.03%, causing the Brazilian real to appreciate and the Bovespa index to rise significantly.