Brazilian markets had their best day since 2020 as Bolsonaro topped the polls

Brazilian markets had their best day since 2020 as Bolsonaro topped the polls

SAO PAULO, Oct 3 (Reuters) – Brazilian markets rallied on Monday as a stronger-than-expected performance by President Jair Bolsonaro and his congressional allies in the first round of a general election eased fears of sharp changes in economic policy. Brazil’s currency gained more than 4% against the dollar, while the benchmark Bovespa stock index (.BVSP)…

Factory activity in Asia is weakening due to a global slowdown and cost pressures

Factory activity in Asia is weakening due to a global slowdown and cost pressures

Japan’s August PMI saw the weakest growth since January last year Manufacturing activity in Taiwan is declining in Malaysia China’s slowdown and US demand weigh on Asian economies TOKYO, Oct 3 (Reuters) – Factory output in Asia mostly weakened in September as a slowdown in demand in China and advanced economies added to pain from…

Morning quote: Fed Chair Powell hopes to make Maradona

Morning quote: Fed Chair Powell hopes to make Maradona

Federal Reserve Chairman Jerome Powell and his wife Elissa Leonard attend a dinner program in Grand Teton National Park where financial leaders from around the world gather for the Jackson Hole Economic Symposium outside Jackson, Wyoming, U.S., August 25, 2022. REUTERS/ Jim Urquhart Sign up now for FREE unlimited access to Reuters.com Register A look…