Markets suffer as Brazil elections deliver more of the same

After a rollercoaster campaign that at times had promised to deliver a much-needed shift in economic policy, presidential elections in Brazil ultimately delivered more of the same. DilmaRousseff was returned to office by the slimmest of margins and the financial markets have fallen in response. The stock market initially dropped by nearly 3% and, while it has since clawed back some of its losses, it is still down by 5% on the start of the month. Meanwhile, the real has sunk to nine-year lows.