Brazil’s Bovespa Down, Dollar Up With Trump Win

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – As expected, financial markets around the world reacted badly to the victory of Donald Trump as the United States’ next President. In Brazil it was no different. Minutes before Brazil’s main stock market, São Paulo Bovespa, opened on Wednesday, November 9th, economists and financial planners braced for what could be one of the worst days for the Brazilian economy this year. By mid-morning their fears were justified.

The Bovespa opened down by more than three percent and at 10:20AM was registering a 3.24 percent drop . . .

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