Brazilian Markets Convulse After Unlikely Election Result
Published . Updated .
President Luiz Inácio Lula da Silva’s re-election victory prompted a sharp reversal in financial markets that had expected his opponent to win.
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 (“brazilian”).
- 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 (“brazilian”) 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 (“brazilian”) 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 (“brazilian”) 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 (“brazilian”) reaches its shares.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| EWZ | -1.50% | -0.19% | base | -22.94% | after close | after close | after close |
| PBRNo price data for this ticker | — | — | — | — | — | — | — |
| ITUB | -2.38% | +0.36% | base | -24.10% | after close | after close | after close |
| 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
Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.
President Luiz Inácio Lula da Silva’s re-election victory prompted a sharp reversal in financial markets that had expected his opponent to win.
Source: The New York Times
Price since this story was published: Ishares Msci Brazil Etf (EWZ)
| Company | When | Move | Status |
|---|---|---|---|
| Ishares Msci Brazil Etf (EWZ) | that day | -22.94% | still updating |
| Ishares Msci Brazil Etf (EWZ) | three days earlier | -0.19% | final price |
| Ishares Msci Brazil Etf (EWZ) | five days earlier | -1.50% | final price |
| Itau Unibanco Holding S.A (ITUB) | that day | -24.10% | still updating |
| Itau Unibanco Holding S.A (ITUB) | three days earlier | +0.36% | final price |
| Itau Unibanco Holding S.A (ITUB) | five days earlier | -2.38% | final price |
Who gains and who loses around Ishares Msci Brazil Etf (EWZ)
Companies carried with this story
- EWZ Ishares Msci Brazil Etf
For “Brazilian Markets Convulse After Unlikely Election Result,” Ishares Msci Brazil Etf (EWZ) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Brazil ETF holds stocks listed in Brazil, which this story is about (“brazilian”)
- PBR Petrobras - Petroleo Brasileiro
Petrobras - Petroleo Brasileiro (PBR) is linked, with no stored direction, medium confidence in the 26 Oct 2026 story “Brazilian Markets Convulse After Unlikely Election Result.” 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 (“brazilian”) reaches its shares
- ITUB Itau Unibanco Holding S.A
For “Brazilian Markets Convulse After Unlikely Election Result,” 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 (“brazilian”) reaches its shares
- NU Nu Holdings
For “Brazilian Markets Convulse After Unlikely Election Result,” 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 (“brazilian”) reaches its shares
- VALE Vale S.A
Vale S.A (VALE) is linked, with no stored direction, medium confidence in the 26 Oct 2026 story “Brazilian Markets Convulse After Unlikely Election Result.” Reason on file: Vale S.A (metal mining) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazilian”) reaches its shares
How “Brazilian Markets Convulse After Unlikely Election Result” reaches Ishares Msci Brazil Etf (EWZ)
“Brazilian Markets Convulse After Unlikely Election Result” (26 Oct 2026) reaches Ishares Msci Brazil Etf (EWZ) through this story.
The link for Ishares Msci Brazil Etf (EWZ) is this: iShares MSCI Brazil ETF holds stocks listed in Brazil, which this story is about (“brazilian”)
A second company, Petrobras - Petroleo Brasileiro (PBR), is listed for a different reason: 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 (“brazilian”) reaches its shares
Price levels for Ishares Msci Brazil Etf (EWZ)
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 100Price not final
“Brazilian Markets Convulse After Unlikely Election Result” scores 40 out of 100. The score uses 1 sources, and 5 linked companies. The price is not final yet.