J.P.Morgan upgrades Brazil equities to 'overweight' on election-driven optimism

​J.P.Morgan ‌upgraded Brazil's ​equities ‌to "overweight" on Monday, saying a more ‌favorable political ‌backdrop following recent ⁠election developments ​has ⁠improved the outlook ⁠for the ​region's largest market ⁠and could drive ⁠a ​period of ⁠outperformance.