Stock Futures, Treasurys Steady as Brazilian Assets Slide — Update

News Snapshot:

By Joe Stonor U.S. stock futures and Treasurys were largely steady Monday as Brazilian assets sold off sharply following the surprise election victory of leftist incumbent Luiz Inacio Lula da Silva. Futures for the Dow Jones Industrial Average and the S&P 500 rose 0.4% and 0.3%, respectively. Yields on 10-year and 30-year Treasurys were little moved ahead of the Federal Reserve’s rate decision Wednesday, with 10-year yields holding below 5%. Investor attention turned to sharp falls in Brazil-linked assets following President Lula’s unexpected second-round victory over Flavio Bolsonaro. Front-month Brazilian real futures contracts weakened by around 12% against the dollar….

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