Bolsonaro trade faces reckoning in too-close-to-call Brazil vote
A Datafolha poll shows both candidates tied at 50 percent as undecided voters remain the primary factor in determining the outcome of the upcoming presidential runoff election.
- Brazil holds its presidential runoff election on Sunday between incumbent Lula and rightist challenger Bolsonaro, with recent polls showing the race effectively tied.
- Challenger Bolsonaro, a 45-year-old senator, campaigns on tax cuts and family values. His father, former Brazilian President Jair Bolsonaro, was recently sentenced to 27 years in prison for plotting a coup.
- Both candidates face worsening fiscal outlooks and growing debt. One voter stated, "I have three children, ages 15, 11 and five, and I don't want to jeopardize their future."
- Investors remain cautious about fiscal discipline regardless of outcome. Whoever wins must navigate ties to China, Brazil's biggest trading partner, amid global economic uncertainty.
- The close relationship between Bolsonaro and Donald Trump administration could escalate military involvement in South America. Analysts warn of increased security operations depending on Sunday's runoff result.
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13 Articles
(São Paulo = Yonhap News) Correspondent Song Gwang-ho = São Paulo, Brazil's largest commercial city, on the 23rd (local time), two days before the presidential runoff election. The season is heading towards summer...
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The Daily ItemBolsonaro trade faces reckoning in too-close-to-call Brazil vote
Wall Street strategists who recommended loading up on Brazil assets after Flávio Bolsonaro emerged as the frontrunner for president are about to see if they led clients astray or to profits ahead of Sunday’s too-close-to-call runoff.
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