BOLSONARO BEATS POLLS, BRAZIL STOCKS SET TO JUMP

Flavio Bolsonaro took 47% of the vote in Brazil's first-round election, edging out Lula's 45% and forcing an October runoff. Analysts expect Brazilian stocks ($EWZ) to jump 4-6% and the dollar to fall 2-4% against the real when markets open, echoing 2022, when a similar surprise sent the Bovespa up 5.5% in a single session.