Brazil Looks to Slow Its Debt ‘Snowball.' It Won't Be Easy.

Budget deficits close to 10% of gross domestic product have pushed Brazil's central bank to maintain high interest rates.

Barrons • Oct 8, 2026

Brazil Election Update: Notes From SãO Paulo And The Road Ahead

Markets priced in a more disciplined fiscal path as Bolsonaro's lead came with strong conservative Senate and governor results. Rates should fall regardless of the winner, but how far depends on a credible fiscal plan.

Seeking Alpha • Oct 7, 2026

Brazilian stocks jump as Bolsonaro now seen as heavy favorite to win presidency

Flávio Bolsonaro and Luiz Inácio Lula da Silva will face off in a run-off on Oct. 25 for Brazil's presidency, after both received the most but neither a majority of the votes in a first round result on Sunday. Bolsonaro is now seen as the overwhelming favorite to win the presidency, following a better-than-expected performance for him in the first round compared to what polls expected before the result.

CNBC • Oct 5, 2026

Stanley Druckenmiller's Brazil Bet Appears To Pay Off After Election Shock. Brazil's Biggest ETF Soars 13% On The News

The iShares MSCI Brazil ETF (NYSEARCA:EWZ) rose 13.32% in Monday's regular session and traded at $43.28 as of 11:03 AM ET this morning. Through this morning, the fund is up 17.54% over the past week, 37.

24/7 Wall Street • Oct 5, 2026

Brazil's currency, stocks jump after Bolsonaro scores first-round upset

The Bovespa benchmark stock index gained more than 9% and the country's currency strengthened against the US dollar.

Reuters • Oct 5, 2026

EWZ: Why Brazil's Election Is The Upside Catalyst Investors Have Been Waiting For

iShares MSCI Brazil ETF surges 13% on pro-market election momentum, outperforming the S&P 500 over the past year. EWZ's valuation remains compelling at 8.7x P/E with a sub-1.0x PEG, supported by strong technicals and bullish election-driven sentiment. Financials and Energy dominate EWZ's portfolio, positioning it to benefit from sector-specific tailwinds and potential pro-shareholder reforms.

Seeking Alpha • Oct 5, 2026

EWZ: The Brazil Trade Everyone Suddenly Wants To Chase

Flávio Bolsonaro's 47.0% 1st-round result caught the markets off guard. EWZ jumped into the low teens % premarket. To understand why, bear in mind that Brazil's gross public debt has climbed to around 83% of GDP from roughly 71% when Lula (the current president) took office. I think the 13.75% Selic rate keeps Brazil's equity risk premium tightly linked to confidence in fiscal policy.

Seeking Alpha • Oct 5, 2026

Brazil Real Surges After Bolsonaro Takes Surprising Lead

Flávio Bolsonaro took a surprise lead over Luiz Inácio Lula da Silva in the first round of Brazil's presidential election, making him the favorite to win the runoff which is to be held October 25. Brazil's real surged against the dollar in Sao Paulo Monday morning.

Bloomberg Markets and Finance • Oct 5, 2026

Brazilian Elections 101: What Comes Next

Brazilian ETFs like EWZ and FLBR surged 12-13% after the pro-market election result, but I reiterate my hold rating. Short-term gains are driven by capital flows and euphoria, not structural improvements; Brazil's market remains fundamentally weak.

Seeking Alpha • Oct 5, 2026

Brazil Markets Are Betting on a Right-Wing Comeback. Major Hurdles Remain.

Markets are betting Flávio Bolsonaro can fix Brazil's balance sheet and rein in public spending. Translating political momentum into lasting economic reform will be a much harder task.

Barrons • Oct 5, 2026