Brazil Real, Stocks Gain as Elections Seen Helping Spending Bill

Updated on
  • Parties supporting government scored most election wins Sunday
  • Swap rates fall after economists lower 2017 rate forecast

Brazil’s currency and stocks advanced after parties allied with President Michel Temer won most of the cities that held mayoral elections over the weekend, a result that’s expected to strengthen his hand as he tries to push economic reforms through Congress.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.