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By Rodrigo Santos Andrade
Lula’s victory forces investors to rethink Brazil bets | Reuters Morning Bid
visibility comment0 event October 26, 2026 timer 06:43
Luiz Inacio Lula da Silva defeats Flavio Bolsonaro in Sunday’s runoff, catching prediction markets off guard after weeks of gains in Brazilian assets priced around a Bolsonaro win. Stock ETFs, the real, and bonds all look set to reverse sharply. Elsewhere, France narrowly escapes a Moody’s credit downgrade even as street protests resume in Paris for a second weekend.
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