Brazilian markets have their best day since 2020 as Bolsonaro beats polls

São Paulo (Reuters) – Brazilian markets jumped on Monday as a stronger-than-expected performance by President Jair Bolsonaro and his allies in Congress in the first round of a general election eased concerns about sharp changes in economic policy. The Brazilian currency strengthened more than 4% against the dollar, while the benchmark Bovespa stock index (.BVSP) … Read more

Analysis: Underwater: How the Bank of England has delivered a lifeblood to the markets

Bank of England bought bonds after pension fund pleas Some UK pension funds have faced problematic margin calls BoE support is seen as giving an opportunity to build collateral The British government’s unfunded tax plan scared the markets LONDON/NEW YORK (Reuters) – Calls from the Bank of England began on Monday saying some British pension … Read more

Analysis: Credit Markets See Less Recession Risk, Earnings May Challenge That

The New York Stock Exchange (NYSE) is seen in the financial district of New York, US, January 13, 2021. REUTERS/Shannon Stapleton Register now to get free unlimited access to Reuters.com Register (Reuters) – High-yield US corporate bond markets may be undervalued to counter recession risks even as Treasuries and macroeconomic indicators reflect rising growth concerns, … Read more