Brazil's Markets Bet on Bolsonaro
Markets surge and Trump cheers as Brazil heads to an Oct 25 Lula-Bolsonaro runoff; third-placers sit out.
The argument
A mandate for change or a protest vote?
Markets surge and Trump cheers as Brazil heads to an Oct 25 Lula-Bolsonaro runoff; third-placers sit out.
A mandate for change or a protest vote?
Donald Trump, who hosted Flavio Bolsonaro at the White House in May, wrote on social media of the first-round result: 'It's a great victory! Incredible, in fact.'
Third-place finishers Ronaldo Caiado and Renan Santos, with about 5.3 million votes between them, said they will not endorse either Lula or Flavio Bolsonaro in the Oct 25 runoff.
The Ibovespa jumped 8.9 percent to 209,205 on Oct 5 and the real gained about 4 percent against the dollar after Flavio Bolsonaro led the first round with 47.03 percent to Lula's 45.16.
Amnesty is a family plan with a constitutional name.
A runoff is the same election held again for the two people who could not win it.
A political dynasty is a family that turns one election into a Senate seat for mom, one for a brother, and a runoff for the eldest.
Abstention is Brazil's real third-place finisher: one in five voters, compulsory ballot and all, outpolled Caiado and Santos combined.
Jair Bolsonaro is a 27-year sentence that is on the ballot without being on it.