'Honeymoon period will fade': Commentators warn market hype around Bolsonaro's victory in Brazil elections is overdone

Brazil markets have rallied

Tom Eckett
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Brazil president-elect Jair Bolsonaro. Photo: Beto Barata/Agência Senado/Flickr/Creative Commons CC BY 2.0
Image:

Brazil president-elect Jair Bolsonaro. Photo: Beto Barata/Agência Senado/Flickr/Creative Commons CC BY 2.0

Industry commentators have warned far-right candidate Jair Bolsonaro's victory in the Brazil elections is not as positive as the market is making out.

The controversial politician, who has been dubbed the "Trump of the Tropics" by media outlets, won 55.2% of the vote in the second round last Sunday versus 44.8% for left-wing candidate Fernando Haddad....

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