News Square
Global Crypto News · Real-time Aggregation
📚 Deep Analysis
More →Brazil’s Stock Market Crashes After Lula’s Upset Victory
Brazil’s stock market lost more than $200 billion in value at the open on Monday after President Luiz Inácio Lula da Silva beat Senator Flávio Bolsonaro in Sunday’s runoff, a result that prediction markets had priced at roughly a one in five chance. The iShares MSCI Brazil ETF, ticker EWZ, a basket of Brazilian stocks that trades in New York like a single share, fell as much as 26% from Friday’s close of about $42.60, touching $31.40 before trimming the loss to about 23% at $32.84 by 10:38 a.m. ET. That is memecoin-sized volatility for a fund built around Brazil’s biggest companies, and it leaves EWZ roughly where it started 2026 after a 34% gain through Friday. The dollar rose as much as 12% against the real on Friday, while the Ibovespa, Brazil’s benchmark stock index, fell as much as 17% to about 170,000 points. For a dollar-based investor, those moves at their worst combine to a loss of about 26%, in line with the ETF’s low. B3, the São Paulo exchange, halted trading for 30 minutes after the Ibovespa fell 10% from Friday’s close, its first circuit breaker since the COVID-19 pandemic. A circuit breaker is an automatic pause meant to slow panic selling, but the index kept sliding after trading resumed. Investors had been positioning for the opposite result since Bolsonaro unexpectedly finished first in the Oct. 4 first round, with 47.03% of valid votes to Lula’s 45.16%. The Ibovespa jumped 7.85% the next day and EWZ gained more than 10% on bets that Bolsonaro would tighten public finances and open the way to lower interest rates. Monday’s drop erased that rally and, at its lows, left the Ibovespa about 11% below its Oct. 2 close. But Lula didn’t just beat Bolsonaro, he also beat prediction markets. Polymarket gave Bolsonaro an<a href="https://x.com/Polymarket/status/2114003200017575948" target="_blank" rel="nofollow external noopener" class="sc-adb616fe-0 dJryYS">> 82% chance</a> of winning the day before the vote, and Kalshi had him near 80% on Sunday morning. Both platforms are<a href="https://decrypt.co/resources/what-are-decentralized-prediction-markets-myriad-polymarket-kalshi" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow"> prediction markets</a>, where a contract that pays $1 if a candidate wins trades at 80 cents when traders see an 80% chance. Polling pointed to a coin flip rather than a favorite, with the latest Datafolha survey tied at 50% each among valid votes and CNT/MDA showing Bolsonaro ahead 50.5% to 49.5% in mid-October. Lula won 51.79% to 48.21%, a margin of about 4.4 million votes, according to Brazil’s Superior Electoral Court. Bolsonaro said on Sunday night that he does not recognize the result and will ask the courts to annul the election, after pledging in August to respect the outcome. He objected to Supreme Court Justice Cristiano Zanin’s decision to extend voting until 7 p.m. at the request of Lula’s campaign, which he said changed the rules midgame. His own campaign had separately asked for extr
Welcome to the link page and download this week's financial data and events calendar wallpaper on the right side: today will release the US ADP employment weekly change for the week ending October 10, September durable
According to CoinWorld news, welcome to download this week's financial data and events calendar wallpaper on the right side of the linked webpage: today will see the release of the US weekly change in ADP employment for the week ending October 10, the September durable goods orders MoM, the September annualized new home sales, and the October Conference Board consumer confidence index; Israel will hold a general election.
Huatai Securities: The Federal Reserve will raise interest rates one more time in December this year, and twice next year.
According to a report from Bijie Network, Huatai Securities research report states that under the baseline scenario, the Federal Reserve will raise interest rates once more in December this year and twice next year. It is expected that at dawn Beijing time on Thursday, October 29, the Federal Reserve will announce the decision of its October policy meeting. Recent economic data have been mixed, but most Fed committee members have indicated they are not inclined toward consecutive rate hikes, and financial conditions have also tightened somewhat. The October meeting is expected to keep interest rates unchanged, with perhaps 2 hawkish voting members dissenting. It is expected that Warsh will still not provide clear guidance, but may generally maintain a tightening bias to avoid causing financial conditions to become excessively loose again and repeating the "mistake" of the July meeting.
Broadcom has reached a $63 billion financing deal with Wall Street to support chip supplies to Anthropic.
CoinWorld news: Broadcom has reached a $63 billion financing deal with Bank of America, Blackstone, Citigroup, and Morgan Stanley to supply chips to AI model developer Anthropic. According to a joint statement released on Monday, the transaction will be completed through a newly established special purpose vehicle, with the financiers purchasing Broadcom chips and leasing them to Anthropic. Broadcom will provide support for part of the financing through "residual value support." The transaction is being closely watched by professionals on Wall Street and in Silicon Valley, as the market hopes to confirm whether investors are still willing to fund AI infrastructure expansion. Broadcom aims to expand sales of chips and other data center equipment to compete with Nvidia.
Syria says Jordanian airstrikes killed 8 people.
CoinWorld news, [Syria says it was hit by Jordanian airstrikes, 8 killed] Cailian Press, October 27 - According to Syrian sources, late at night on the 26th local time, multiple explosions were heard near the towns of Nasib and Muzayrib in Daraa, Syria, caused by airstrikes launched by the Jordanian Air Force. The director of the Daraa Provincial Health Department said that Jordan carried out airstrikes on multiple locations in the rural areas of Daraa Province, killing 8 civilians, including women and children. Subsequently, the Syrian authorities announced the closure of the Nasib border crossing with Jordan. Jordan has not yet responded to this. (CCTV News).
Trump: Once you stop hitting them
CoinWorld news, Trump: (On Iran) The problem is, once you stop hitting them, they start rebuilding (military facilities such as radar).
ETH DVOL指数报52.91点
CoinWorld data: The latest reading of the ETH DVOL index is 52.91 points.
ICE sugar futures fell sharply as Brazil's election results caused the real to plunge.
According to foreign media reports, raw sugar No. 11 futures on the Intercontinental Exchange (ICE) fell sharply, with the benchmark contract closing down 5.6%, as Lula's unexpected re-election as Brazil's president triggered a sharp plunge in the real exchange rate. A report last Friday from the Brazilian Sugarcane Industry Association (UNICA) showed that sugar production in south-central Brazil recovered somewhat in August, but cumulative production for the first five months of the 2026/27 season (April to August) remained below the same period last year and below the five-year average. Last week, India extended the deadline for allowing duty-free imports of 1 million tons of raw sugar from October 31 to December 31, giving importers more time to bring the commodity into the world's largest sugar-consuming country. Position data showed that speculative funds increased their net long positions in the raw sugar futures market for the fourth consecutive week. As of October 20, speculative funds held a net long position of 269,008 lots in the New York raw sugar futures and options market, an increase of 7,167 lots, or 3%, from a week earlier.
An unknown whale transferred 134 million USDC.
CoinWorld data: According to Whale Alert monitoring, an unknown whale has just transferred in 134,055,284 USDC, worth approximately $134,101,734 at real-time prices.
Gold holds steady above $4,000 as markets await the Fed's rate decision.
CoinWorld news, Bloomberg reports that gold prices remain above $4,000 per ounce as traders prepare for this week's Federal Reserve interest rate decision, which is expected to keep rates unchanged.