Macro Finance
Brazil Markets Set to Dive on Lula’s Improbable Election Win
Bloomberg Markets·October 26, 2026·1 min read
Brazilian markets are set to plunge Monday after President Luiz Inácio Lula da Silva defeated Flávio Bolsonaro in a stunning election comeback, a result many investors had not anticipated. Traders expect steep losses across equities and the currency as the market prices in the leftist leader's return, which could signal policy shifts away from the business-friendly agenda.
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