Macro Finance
Brazil Markets Suffer Rout After Lula’s Improbable Election Win
Bloomberg Markets·October 26, 2026·1 min read
Brazilian markets suffered steep losses after President Luiz Inácio Lula da Silva pulled off a stunning comeback to defeat Flávio Bolsonaro, the right-wing candidate that many investors preferred. The election result triggered a selloff as investors reacted to the unexpected outcome, with Bolsonaro's camp contesting the result.
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