Brazil's Rightward Shift: UBS-Hosted Consultancy Puts Bolsonaro's Runoff Election Odds At 85%

Brazil's benchmark Ibovespa index surged above 200,000 for the first time Monday, posting its biggest one-day gain in more than six years, while the real rallied sharply after right-wing Senator Flávio Bolsonaro finished ahead of socialist President Luiz Inácio Lula da Silva in the first round of the presidential election.

Market Reaction: