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Brazilian stocks fall as Lula-Serra set to square off.

Europe Intelligence Wire

| August 10, 2002 | COPYRIGHT 2002 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From FT Investor (Pulses))

Brazilian stocks fell Tuesday as investors geared up for a battle between leftist candidate Luiz Inacio Lula Da Silva and ruling party candidate Jose Serra for the hearts and minds of Brazilian voters ahead of the presidential runoff scheduled for October 27. With 99.8 percent of the ballots counted, Lula got 46.4 percent of the vote in Sunday's elections, while Serra received 23.2 percent. The two candidates will launch a media blitz once the results have been certified and analysts expect a blistering campaign with Serra targeting Lula's socialist background. Still, many analysts ...

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