Bloomberg · NYT · CNBC
Brazil Markets Set to Dive on Lula Win, EU Plans to Hit China With More Curbs
Monday, October 26, 2026
President Luiz Inácio Lula da Silva won Brazil's runoff election, with CNBC reporting the result defied prediction market odds that had favored his opponent. Flávio Bolsonaro called for the vote to be annulled, according to Bloomberg. Brazilian and European financial markets declined following the outcome, with investors who had positioned for a different result reversing positions.
Reported by 3 outlets:
- Bloomberg — Brazil Markets Set to Dive on Lula Win, EU Plans to Hit China With More Curbs
- Bloomberg — Lula Wins Brazil Runoff; US Stocks Waver Ahead of Tech Earnings
- NYT — Brazilian Markets Convulse After Unlikely Election Result
- NYT — Brazilian Markets Convulse After Unexpected Election Result
- CNBC — Lula wins Brazil runoff after prediction markets favored Bolsonaro
- NYT — Brazil’s Vote Is a Victory for the Amazon, Environmentalists Say
- CNBC — Lula’s election win leaves Brazil facing a fiscal tightrope
- Bloomberg — Investors Jolted by Lula Win Search for Bottom After Brazil Rout