Geopolitics Alpha

Brazil election 2026: Full second round results as Lula wins comeback against Flávio Bolsonaro

Published . Updated .

GEOPOLITICS ALPHABrazil election 2026: Full secondround results as Lula winscomeback against Flávio BolsonaroGEOPOLITICS ALPHA

After a shock defeat in the first round, the incumbent Brazilian president, Luiz Inácio Lula da Silva, is seeking a new term in a runoff with Flávio Bolsonaro, the son of his convicted predecessor Polls were originally due to close at 17.00BRT, 20.00GMT, but voting was extended for two hours; the full count is now under way. Full coverage here Continue reading...

Directly affected

  • No company is named in this report.

Indirectly affected

  • EWZ iShares MSCI Brazil ETF+12.9% 30d

    iShares MSCI Brazil ETF holds stocks listed in Brazil, which this story is about (“brazil”).

  • PBR Petróleo Brasileiro S.A. - Petrobras

    Petróleo Brasileiro S.A. - Petrobras (crude petroleum and natural gas) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares.

  • ITUB Itaú Unibanco Holding S.A+23.6% 8d

    Itaú Unibanco Holding S.A (state commercial banks) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares.

  • NU Nu Holdings

    Nu Holdings (finance services) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares.

  • VALE Vale S.A-3.1% 12d

    Vale S.A (metal mining) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
EWZNo price data for this ticker———————
PBRNo price data for this ticker———————
ITUBNo price data for this ticker———————
NUNo price data for this ticker———————
VALENo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

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After a shock defeat in the first round, the incumbent Brazilian president, Luiz Inácio Lula da Silva, is seeking a new term in a runoff with Flávio Bolsonaro, the son of his convicted predecessor Polls were originally due to close at 17.0…

Source: The Guardian

Who gains and who loses around Ishares Msci Brazil Etf (EWZ)

Companies tied to this story

  • EWZ Ishares Msci Brazil Etf

    Ishares Msci Brazil Etf (EWZ) is linked, with no stored direction, medium confidence in the 26 Oct 2026 story “Brazil election 2026: Full second round results as Lula wins comeback against Flávio Bolsonaro.” Reason on file: iShares MSCI Brazil ETF holds stocks listed in Brazil, which this story is about (“brazil”)

  • PBR Petrobras - Petroleo Brasileiro

    In “Brazil election 2026: Full second round results as Lula wins comeback against Flávio Bolsonaro,” Petrobras - Petroleo Brasileiro (PBR) is linked, with no stored direction, medium confidence. Reason on file: Petróleo Brasileiro S.A. - Petrobras (crude petroleum and natural gas) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares

  • ITUB Itau Unibanco Holding S.A

    For “Brazil election 2026: Full second round results as Lula wins comeback against Flávio Bolsonaro,” Itau Unibanco Holding S.A (ITUB) is linked, with no stored direction, medium confidence. Reason on file: Itaú Unibanco Holding S.A (state commercial banks) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares

  • NU Nu Holdings

    In “Brazil election 2026: Full second round results as Lula wins comeback against Flávio Bolsonaro,” Nu Holdings (NU) is linked, with no stored direction, medium confidence. Reason on file: Nu Holdings (finance services) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares

  • VALE Vale S.A

    For “Brazil election 2026: Full second round results as Lula wins comeback against Flávio Bolsonaro,” Vale S.A (VALE) is linked, with no stored direction, medium confidence. Reason on file: Vale S.A (metal mining) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares

Ishares Msci Brazil Etf (EWZ)

On 26 Oct 2026, “Brazil election 2026: Full second round results as Lula wins comeback against Flávio Bolsonaro” is the story that connects Ishares Msci Brazil Etf (EWZ) to this story.

For Ishares Msci Brazil Etf (EWZ), the reason on file says iShares MSCI Brazil ETF holds stocks listed in Brazil, which this story is about (“brazil”)

Petrobras - Petroleo Brasileiro (PBR) is here too. Its reason reads: Petróleo Brasileiro S.A. - Petrobras (crude petroleum and natural gas) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares

The price range for Ishares Msci Brazil Etf (EWZ), and the dates in the story

EWZ traded between 35.98 and 43.77 across 20 sessions. The latest close on file is 42.59. ITUB traded between 8.06 and 10.20 across 8 sessions. The latest close on file is 10.18. PBR traded between 20.98 and 21.98 across 2 sessions. The latest close on file is 21.75.

How strong the case is around Ishares Msci Brazil Etf (EWZ)

40 out of 100

“Brazil election 2026: Full second round results as Lula wins comeback against Flávio Bolsonaro” scores 40 out of 100. The score uses 1 sources, and 5 linked companies.