News · Vectorial Data

Brazil votes in the second round on Sunday: Lula vs. Flávio Bolsonaro

October 13, 2026

WHAT HAPPENED

Brazil will elect a president on Sunday between Lula and Flávio Bolsonaro. Their plans differ in spending, taxes, and state-owned enterprises. After the first round, the stock market rose 9.1% and the real gained more than 4% against the dollar.

WHY IT MATTERS

Lula proposes to maintain spending and charge more to businesses, capital, and wealthy individuals; Bolsonaro proposes to cut it, lower taxes, and review 20 state-owned enterprises. The outcome could change the direction of Petrobras, taxes, and the value of Brazilian assets.

AND FOR YOUR PORTFOLIO

For a long-term portfolio, the election shows why a political decision can move stocks and currencies in a day. Exposure to Brazil, including Petrobras, may experience sharp changes as the market tries to anticipate spending, taxes, and sales of state-owned enterprises.

💬 TELL IT LIKE THIS

“In Brazil, an election about the size of the State moved the stock market 9.1% and the real more than 4% in a single day.”