Brazil stocks broadly higher as new president makes moves

|About: Centrais Elétricas Brasilei... (EBR)|By:, SA News Editor

Brazil stocks enjoy broad gains after new Pres. Bolsonaro is sworn in and issues decrees affecting the economy, agriculture and society, while forging closer political ties with the U.S.

Bolsonaro was elected on a platform to clean up Brazilian politics, and he names the country’s top anti-corruption figure, Sergio Moro, in charge of a Justice Ministry beefed up to fight graft and battle organized crime.

Among the movers: EBR +19.2%, SID +9.3%, SBS +9.2%, BSBR +8.6%, PBR +7.6%, BBD +7.4%, GGB +6.8%, ABEV +6.6%, CIG +6.4%, UGP +5.9%, ITUB +5.5%, TSU +4.7%, VIV +4.5%, BRFS +4.5%, CZZ +4.5%, ELP +4.5%, CBD +4.2%, ERJ +3.6%, AZUL +2.3%, VALE +1.4%.

ETFs: EWZ, BRZU, BZQ, UBR, FBZ

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