Brazil Runoff Set; Ibovespa Entered Vote at 192,115
Lula and Flávio Bolsonaro go to a 25 October runoff after Brazilian assets rallied on Friday. Here is where the Ibovespa, the real and the ADRs stood. The post Brazil Runoff Set; Ibovespa Entered Vote at 192,115 appeared first on The Rio Times .
Brazil is set to hold a runoff election on Sunday 25 October 2026 after neither Flávio Bolsonaro (PL) nor President Luiz Inácio Lula da Silva (PT) secured more than 50% of valid votes in the first round. According to the Superior Electoral Court (TSE) count of 99.99% of sections, Bolsonaro leads with 47.03% of the vote, while Lula follows with 45.16%.
The Brazilian real strengthened to R$5.21 per US$1 before the vote, and the Ibovespa, the main stock index, gained 2.63% to 192,115 points on Friday 2 October. US investors predominantly hold Brazilian assets through American depositary receipts (ADRs) and exchange-traded funds (ETFs), such as Petrobras (PBR) at US$21.65, Vale (VALE) at US$13.76, and the iShares MSCI Brazil ETF (EWZ) at US$38.19.
The TSE count shows a gap of 2.23 million votes between the two candidates, necessitating a second round. Brazilian markets traded until Monday 5 October, with the B3 exchange opening at 10:00 a.m. Brasília time and the New York market at 9:30 a.m. Eastern. The S&P Global Brazil composite PMI, trade balance, and IPCA consumer price index will be released subsequently, influencing market reactions on Monday 5 October when trading resumes.
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