The Ibovespa, B3's (São Paulo Stock Exchange) main index, fell 4.86% since the Electoral Court TSE pronounced Luiz Inácio Lula da Silva (PT, progressive/globalist) as President-elect of the largest Ibero-American country.
It went from 114,539 points to 108,976 points.
The economic agents operate with caution with negotiating the PEC (Proposal of Amendment to the Constitution).
The transition government presented a text that foresees taking R$198 (US$38) billion from the spending ceiling.
Investors have concerns about a fiscal imbalance that could trigger an increase in public debt, inflation, and interest . . .