Geopolitics · Tuesday, 6 October 2026
Brazilian markets rally on Bolsonaro's lead, runoff set for 25 October
Brazil's Ibovespa stock index jumped 8% and the real strengthened on Monday, as investors reacted to Flávio Bolsonaro's first-round result over President Lula, 47.04% to 45.15%, now confirmed for a decisive runoff on 25 October. Analysts at investment bank BTG Pactual estimate a Bolsonaro victory could push shares up a further 45%, on the back of his pledges to cut taxes and privatise state companies.