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Flávio Bolsonaro Brazil election market reaction

Flávio Bolsonaro finished first in Sunday's vote with 47.03% of the total, while President Lula received 45.16%, placing second. This marks the first presidential election since 1998 where Lula did not finish first in the opening round. A runoff election is scheduled for October 25, and investors are repositioning their assets ahead of that contest. Brazilian markets reacted to these results with a surge in the real against the U.S. Dollar as traders digested the surprise outcome. Source: TradingView / Writer: Samuel

2h

Jolyon@jolyon

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Flávio Bolsonaro Brazil election market reaction

Flávio Bolsonaro finished first in Sunday's vote with 47.03% of the total, while President Lula received 45.16%, placing second. This marks the first presidential election since 1998 where Lula did not finish first in the opening round. A runoff election is scheduled for October 25, and investors are repositioning their assets ahead of that contest. Brazilian markets reacted to these results with a surge in the real against the U.S. Dollar as traders digested the surprise outcome. Source: TradingView / Writer: Samuel

2h