{
  "id": 13650262,
  "title": "Brazil ETF Jumps 14% as Flávio Bolsonaro Tops Round One",
  "url": "https://urgent.news/2026/10/11/brazil-etf-jumps-14-as-flavio-bolsonaro-tops-round-one",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-11T05:03:34.000Z",
  "source": {
    "name": "The Rio Times",
    "slug": "the-rio-times",
    "url": "https://www.riotimesonline.com/brazil-etf-ewz-jumps-14-percent-after-first-round-2026/"
  },
  "original_language": "en",
  "account": "Flávio Bolsonaro secured a victory in the first round of Brazil's presidential election, garnering 47.03% of the votes, compared to Lula's 45.16%. This result led to a significant surge in U.S.-listed Brazil funds and shares, with the iShares MSCI Brazil ETF (EWZ) jumping 14.0% in a week. Petrobras ADR gained 16.9%, while Vale ADR dipped 1.0%. The dollar depreciated 4.2% against the Brazilian real between October 2 and 9, which boosted dollar returns on Brazilian assets. The election runoff is scheduled for October 25, with prediction markets favoring Flávio Bolsonaro with an 88% chance of winning, according to Polymarket and Kalshi. Fund managers anticipate tighter public spending and potential interest rate cuts under a Flávio Bolsonaro administration, which could further benefit Brazilian stocks and ease debt costs.",
  "summary": "Brazil's main US-listed ETF, EWZ, gained 14% after Flávio Bolsonaro led round one. What drove it and what the 25 October runoff means for US investors. The post Brazil ETF Jumps 14% as Flávio Bolsonaro Tops Round One appeared first on The Rio Times .",
  "key_points": [
    "Flávio Bolsonaro wins first-round Brazil election with 47.03% of votes",
    "iShares MSCI Brazil ETF (EWZ) rises 14% in a week",
    "Runoff election scheduled for October 25 with 88% Bolsonaro win chance"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}