Brazilian Stock Index Surges After Bolsonaro Wins First Election Round

By EC Assets · Published 5 October 2026

Brazil's benchmark stock index saw a significant surge after Flávio Bolsonaro topped the first round of the presidential election. Bolsonaro's lead positions him to potentially win the election. This development follows a period of global equities wavering. Flávio Bolsonaro comfortably outperformed opinion polls in the first round of voting on Sunday. He secured a strong lead, but fell short of an outright majority. This outcome means the election will proceed to a runoff. President Luiz Inácio Lula da Silva will face Bolsonaro in the second round. Lula, 80, is seeking a fourth term as president. The current president admitted the election result was unexpected. Bolsonaro is the son of former President Jair Bolsonaro. He hopes to return his father's right-wing movement to power. The outcome boosts the right in Brazil. The euro weakened to a 17-month low amid global political upheaval. Brazil markets are eyeing a rally. Wall Street is set for a muted open as tech stocks take a breather. Flávio Bolsonaro's first-round lead leaves President Lula three weeks to find votes. Lula needs to stop a rightward shift in Brazil and Latin America. Bolsonaro claims Lula is fighting for power while he is fighting for Brazil. Bolsonaro also vows an iron-fisted crackdown on crime. This article is intended for informational purposes only. It does not constitute investment advice.