Tuesday, October 19, 2021

Brazilian stocks rally, bonds fall, but stocks move forward as investors see change in path ahead

Brazilian equities rallied on Thursday as some investors bet early election results will shift from a leftist to a pro-business candidate after election day, though most of the momentum seemed to have moved into the United States, in Europe and Asia.

Stocks in China gained after government-run news agencies said that the number of people falling into poverty fell 18 percent in 2017, with 65 million people becoming eligible for income support from the government, while however the number of wealthy Chinese reaching the status of “h-share millionaires” rose by 36 percent. Brazil’s Bovespa index rose 0.71 percent, while China’s Shanghai Composite Index rose 0.4 percent.

U.S. stock index futures were mixed ahead of the opening bell. S&P 500 futures edged 0.01 percent higher and Nasdaq 100 futures were down 0.01 percent in light trade.

(Reporting by Sinead Carew; Editing by Bernadette Baum)

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