BRAZIL: Lula Maintains Strong Polling Lead Over Bolsonaro
May-27 15:22
A new Ipespe poll has shown that challenger, and former president, Luiz Inácio 'Lula' da Silva has maintained his strong lead over incumbent Jair Bolsonaro ahead of the October 2 presidential election.
- Ipespe shows Lula ahead 60% to 40% in a second round run-off scenario.
- Betting market Smartkets shows Lula with a 63.29% chance of being the next Brazilian president. His strongest odds since May 12.
- Yesterday, Datafolha released their first new presidential poll since former Justice Minister Sergio Moro dropped out of the race. It shows Lula with a Lula with an even wider 25% lead over Bolsonaro in the second round run-off.
- Andre Cesar of Hold Assessoria: 'These numbers are great news for Lula's campaign. Bolsonaro will have to pull a rabbit out of the hat now.'
Figure 1: Brazil presidential election second round run-off (Ipespe)
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
US STOCKS: Equity Roundup: Microsoft Soars vs. Hard Landing for Boeing
Apr-27 15:00
SPX eminis pared earlier gains, rebounding (+0.43%) to middle session range as latest earning cycle roils market: Sharp >3% drop late Tue on Alphabet earnings/revenue miss. Emini's loosely following Microsoft as shares dip on profit taking (MSFT +13.47 at 283.73 vs. 286.35, high while Boeing (BA) getting hit (-19.30 at 147.74) on $1.5B loss, weaker revenues.
- Heavy earnings docket continues after the close: Invitation Homes (INVH), Raymond James (RJF), Qualcomm (QCOM), Amgen (AMGN), PayPal (PYPL) to name a few.
- Technicals: Fresh short-term lows confirm a resumption of the current downtrend and signal scope for a continuation of this theme. ESM2 currently +24.25 points (0.58%) at 4194.25, well above key short term support of 4136.75 (Low Apr 26). Initial upside resistance: 4303.50/4355.50 High Apr 26 / Low Apr 18.
- SPX leading/lagging sectors: Information Technology (+2.04%) lead by software and services (MSFT +4.4%). Materials (+1.45%).
- Laggers: Communication Services (-2.18%) weighed by Warner Bros (-5.75%) and Google (-4.48%) carry-over weakness.
- Meanwhile, Dow Industrials currently trades + 133.22 points (0.4%) at 33369.76, Nasdaq +66.6 points (0.5%) at 12556.65.
- Dow Industrials Leaders/Laggers: Visa surging +15.03 at 216.13, aforementioned MSFT near session high of 286.35 on heavy volumes. Boeing leads laggers on heavy volume, American Express -2.23 at 176.42.
CANADA: CAD Still Trying To Resist Today’s USD Move
Apr-27 14:52
- CAD, along with AUD and NZD continues to try to resist today’s leg of US dollar strength, limiting USDCAD to +0.2% at 1.285, the high of the narrow range for the US session.
- Having cleared resistance at 1.2786 yesterday, it has quickly opened 1.2871 (Mar 15 high) after which it would eye the key resistance of 1.2901 (Mar 8 high), the post-war peak.
- Technical conditions are seen remaining bullish for the pair, helped by geopol uncertainty, but Can-US yield differentials aren’t of much help directionally, at fairly typical levels (2Y -7bps, 10Y -1bps).
Source: Bloomberg
EGB SYNDICATION: Greece 2.00% Apr-27 GGB tap: Priced
Apr-27 14:48
Priced at 98.304 to Yield 2.366%
- FTT: Immediately
- Source: Bloomberg
Trending Top
Mar-27 20:13
