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

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

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

6 Stocks and an ETF That Are Surging After Brazil Election Shock

Right-wing senator Flávio Bolsonaro upset President Luiz Inácio Lula da Silva in the first round of Brazil's general election.

Barrons • Oct 5, 2026

Lula or Bolsonaro: Wall Street braces for two wildly different results in Brazil election

"The Brazil trade is: Does Lula win or does Bolsonaro win?" said one economist.

CNBC • Oct 3, 2026

FLBR: The Most Important Election In Latin America And Its Implications For Investments

I maintain an optimistic outlook on Brazilian equities via the Franklin FTSE Brazil ETF ahead of the October 2024 presidential election. FLBR offers diversified exposure to Brazil, which faces heightened volatility due to fiscal concerns and a polarized, unpredictable election. The market expects an opposition victory, viewed as more likely to deliver fiscal adjustment, potentially unlocking a 23.5% upside if P/E multiples revert to pre-pandemic levels.

Seeking Alpha • Sep 25, 2026