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BUSINESSBloomberg Markets·2h ago

Wall Street Loads Up on Derivatives Ahead of Toss-Up Brazil Vote

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AI TLDR · GEMINI

Investors are utilizing derivatives to hedge against uncertainty surrounding the upcoming Brazilian presidential election.

Investors eager to trade on a Brazilian election that’s too close to call are prioritizing derivatives over outright bets after market favorite Flávio Bolsonaro gained ground on President Luiz Inácio Lula da Silva.

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