[Brazil] - Gerdau Shares Surge Amid Trump Victory and Strong Earnings

INSUBCONTINENT EXCLUSIVE:
presidential election
global capital flows
Embraer also saw a modest 2% increase during trading.The U.S
dollar weakened against the Brazilian real, closing at R$ 5.6759, a 1.26% decrease
This movement surprised some analysts who expected the dollar to strengthen.Gerdau Shares Surge Amid Trump Victory and Strong Earnings
(Photo Internet reproduction)The currency shift may reflect expectations of a new fiscal package from the Lula administration
balance showed a surplus of $4.343 billion in October
who had predicted a $4.976 billion surplus
commitment to fiscal responsibility
He mentioned that discussions on fiscal measures have concluded.The next step involves consultations with Congress leaders to advance these
proposals
(Copom) meeting attracted significant attention
Market predictions favored a 50 basis point increase in the Selic rate.This would bring the benchmark interest rate to 11.25% annually
The decision reflects ongoing efforts to manage inflation and maintain economic stability.In the U.S., Wall Street indices hit record highs
The S-P 500 rose 2.53% to 5,929.04 points
The Dow Jones increased by 3.57% to 43,729.93 points.In addition, the Nasdaq climbed 2.95% to 18,983.46 points
Brazil and the U.S
highlight the complex interplay of global economic forces
While U.S
adjustments as markets digest the full implications of the U.S
election results.