✉news WorldElections first seen 12 h ago, last 10 h ago, peak #2

Brazilian real and stocks surge after Bolsonaro's strong first-round showing

Original: Brazil's currency, stocks soar after Bolsonaro scores first-round election upset

Brazil's currency and stock market rallied sharply after right-wing incumbent Jair Bolsonaro outperformed opinion polls in the first round of the presidential election, forcing a runoff against Luiz Inacio Lula da Silva. Investors, who had priced in a first-round win for Lula, welcomed the stronger-than-expected result, driving the real higher and lifting Brazilian equities.

Why now: Markets and observers are reacting to Bolsonaro's unexpected strength in the first-round vote, which has financial implications heading into the runoff.

Jair BolsonaroLuiz Inacio Lula da SilvaBrazilBrazilian real

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Evidence

• Brazil's currency, stocks soar after Bolsonaro scores first-round election upset · Reuters

API: https://socialmediatrends-api.osmike.com/v1/trends/1148540