Markets cheer Bolsonaro's strong showing in Brazil vote

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Stronger-than-expected support for President Jair Bolsonaro in the first round of Brazil's presidential election was cheered by financial markets on Monday, as the race went to an Oct. 30 runoff.

of clinching victory in the first round of voting on Sunday. Lula finished ahead of Bolsonaro by 5 percentage points, but it was tighter than most opinion polls had indicated.Bolsonaro's allies also made a strong showing in the congressional vote, potentially limiting Lula's room for dramatic policy changes if he does return to the presidency.

Some market participants anticipated that the result may push Lula to commit to more moderate economic policies, while energizing the campaign of Bolsonaro, who has promised reforms and privatizations welcomed by many investors. "I think people will see reforms as more probable" said Ricardo Lacerda, founder and CEO of investment bank BR Advisory PartnersChances of a potential Bolsonaro reelection boosted shares in state-controlled companies, in expectation they could be privatized should he secure a second term. Shares in Banco do Brasil SA

 

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Go Bolsonaro!!!!!🇧🇷🇧🇷🇧🇷🇧🇷

ESSES CARAS ACHAM QUE BUENOS AIRES É A CAPITAL DO BRASIL E AINDA QUEREM DAR PITACO KKKKKKKKKKKKK

Bolsonaro the best President Brazil has ever had!

Lula should've never gotten out of JAIL!!!

Bolsonaro é o melhor presidente do mundo !! 🇧🇷

Best brazilian president ever!

Damadeferroofic Lula não ganhou todos aqueles votos, houve fraude, Bolsonaro ganhou em primeiro turno!

Pump before the dump. Squid will absolutely destroy the economy.

Damadeferroofic Bolsonaro 22, vamos juntos patriotas reelege-lo, Brasil acima de tudo e Deus acima de todos 💚🇧🇷

It's an argument against socialism You Americans like to give an opinion about other people's country but you don't know what happens even on the continent itself. The other, (Lula), speaks openly that when he comes to power, he will use Brazilian money to finance dictatorships.

🇧🇷🇧🇷🇧🇷🇧🇷

jairbolsonaro the best president . 22

He just didn't win by electoral fraud. The TSE clearly supports Lula the other candidate. As there is no popular support, the way out is to win by stealing. The polls were rigged.

Damadeferroofic Congratulations jairbolsonaro

😘

BOLSONARO 22! 🇧🇷🇧🇷🇧🇷

O povo brasileiro ama o Presidente Bolsonaro. Escolha uma foto melhor da próxima vez 😉💚💛🇧🇷

O BRASIL é Bolsonaro

It was stronger than pollsters predicted but he wasn’t even close to winning. Maybe that is why markets have a strong showing. It is nuts how this is getting spun.

Capitalists love fascism.

🤩👏👏

Manipulators!

Bolsonaro22

👏👏👏👏👏👏🇧🇷🇧🇷🇧🇷🇧🇷🇧🇷🇧🇷🇧🇷

With Bolsonaro, the stock market rose more than 5%. Now, say that Lula (progressive leftist corrupted in three instances) will win to see where the stock price goes: into the abyss! North Americans, you will be next, pay attention! 👁️

O melhor presidente! 👇

Damadeferroofic Bolsonaro 👍👍👍🇧🇷👏🇧🇷

Damadeferroofic Muda Brasil VotoEmCedula

Damadeferroofic

WTF is this photo trash journalists

That's my president 🇧🇷🇧🇷

PhinhoPinho LULA É CORRUPTO.

Bolsonaro 22 💛💚💙

To the left in Brazil if you don’t think like them and fascist. They apply fascist tactics and accuse others.

Bolsonaro The Best President

JoaoMarcioCaru1

glovesnews Paid polls = election fraud.

🇧🇷🇧🇷🇧🇷🇧🇷🇧🇷🇧🇷🇧🇷🚀🚀🚀🚀🚀🚀🚀🚀 Reeleito + HEXA

Bolsonaro the best president Ever!!

CatarinaHofer

CatarinaHofer Bolsonaro the best President of Brazil ever! Bolsonaro2022

MITOOOOO

Big money loves dictatorship.

Okk

O Brasil segue no caminho correto com Bolsonaro.

Strong showing? Lula 48% Bolsonaro 43%

👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼🙌🏻🙌🏻🙌🏻✌️✌️✅🇧🇷

🇧🇷 22

Mind you, Bolsonaro is the only honest president, brave, speaks his mind, don't give a shit of being politically correct, has fought against a biased Supreme Court, MSM, corrupt polling firms and besides he is a Christian! He will win and the left will be reduced to ashes AMEN!

Bolsonaro was almost overthrown for going against the WEF/IMF/UN COVID-19 narrative.

Segundo turno Brasil jairbolsonaro 58% LulaOficial 43-44% Veremos ✌️ 🇧🇷👊

Grande dia 🇧🇷 BolsonaroReeleito

goodbye to the Amazon and then all of us 🫠

Go Bolsonaro!!!

The best President ever. Thank You Mr President jairbolsonaro 🇧🇷🙏🏻

evil so cosmic even multiple variants can't destroy the host

The 'markets' shouldn't exist.

markets = u s a

Brazilian people together and for Bolsonaro!

Bolsonaro anunciou Meireles como próximo ministro da Fazenda?

The market works with scenarios. Bolsonaro's allies won majority in the Chamber and in the Senate. Even if Lula wins, he will be incapable of passing any crazy socialist laws. In Brazil, it is the Congress that gives the final word (even though it looks like it is the president)

Nivea_SpesEst Lula is a thief.

Lost by 6 million votes? Heckuva job Reuters

Lula is screwed😂 Even if he wins the election, the majority of the National Congress is right-wing, allies of Bolsonaro 🇧🇷

Lula in jail!

Well, Bolsonaro is far from being God's best child, but Lula is corrupt to the bone. Not much of choice, eh?

Reuters in the stuff you scrape off the bottom of the pot, five days after cooking cabbage stew.

canalCCore2 Much better 😃🇧🇷

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Brazil tallies votes in historic election with Lula against BolsonaroWith 63.4% of votes counted, Bolsonaro had 45.8% and Lula 45.3%, according to the electoral authority. It isn’t yet clear if either candidate could claim an outright victory. A possible runoff is scheduled for Oct. 30. When do they stop counting? You know like the Democrats do in key states during a presidential election WANT TO PREVENT VOTER FRAUD....MAKE THEM GIVE US A RECEIPT FOR OUR BALLOT OR A COPY OF THE BALLOT AFTER IT WENT THROUGH THE MACHINE!!!!!!!! ON MAIL IN BALLOTS SEND A RECEIPT THROUGH THE MAIL!!!!!! DEMAND A RECEIPT.
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