Lula's re-election: Brazil’s public finances are already precarious—is the country on the path to a crash landing?
Published . Updated .
The President's spending plans could drive up inflation, hurt the currency, push up real interest rates and thus weaken economic growth. Under such conditions, the country will be unable to gain any lift, no matter how hard it flaps its wings.
Directly affected
- No company is named in this report.
Indirectly affected
- EWZ iShares MSCI Brazil ETF-14.7% 30d
iShares MSCI Brazil ETF holds stocks listed in Brazil, which this story is about (“brazil”).
- CEW WisdomTree Emerging Currency Strategy Fund
WisdomTree Emerging Currency Strategy Fund holds emerging-market currencies, which move on news like this from Brazil.
- EMB iShares J.P. Morgan USD Emerging Markets Bond ETF-2.1% 11d
iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in Brazil
- EMLC VanEck J.P. Morgan EM Local Currency Bond ETF-2.9% 30d
VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from Brazil.
- EEM iShares MSCI Emerging Markets ETF-0.3% 30d
iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes 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.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| EWZNo price data for this ticker | — | — | — | — | — | — | — |
| CEWNo price data for this ticker | — | — | — | — | — | — | — |
| EMBNo price data for this ticker | — | — | — | — | — | — | — |
| EMLCNo price data for this ticker | — | — | — | — | — | — | — |
| EEMNo price data for this ticker | — | — | — | — | — | — | — |
| PBRNo price data for this ticker | — | — | — | — | — | — | — |
| ITUBNo price data for this ticker | — | — | — | — | — | — | — |
| NUNo 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.
Lula's re-election: Brazil’s public finances are already precarious—is the country on the path to a crash landing? Livemint
Source: Livemint
Who gains and who loses around Ishares Msci Brazil Etf (EWZ)
Companies mentioned with this story
- EWZ Ishares Msci Brazil Etf
In “Lula's re-election: Brazil’s public finances are already precarious—is the country on the path to a crash landing?,” 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 (“brazil”)
- PBR Petrobras - Petroleo Brasileiro
In “Lula's re-election: Brazil’s public finances are already precarious—is the country on the path to a crash landing?,” 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
In “Lula's re-election: Brazil’s public finances are already precarious—is the country on the path to a crash landing?,” 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 “Lula's re-election: Brazil’s public finances are already precarious—is the country on the path to a crash landing?,” 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 “Lula's re-election: Brazil’s public finances are already precarious—is the country on the path to a crash landing?,” 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 1 Nov 2026, “Lula's re-election: Brazil’s public finances are already precarious—is the country on the path to a crash landing?” is the story that connects Ishares Msci Brazil Etf (EWZ) to this story.
What ties Ishares Msci Brazil Etf (EWZ) to the headline is this: iShares MSCI Brazil ETF holds stocks listed in Brazil, which this story is about (“brazil”)
Also listed, Petrobras - Petroleo Brasileiro (PBR): 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
Dates in the story, and the Ishares Msci Brazil Etf (EWZ) price range
EWZ traded between 31.40 and 43.77 across 20 sessions. The latest close on file is 32.47. ITUB traded between 9.56 and 10.20 across 4 sessions. The latest close on file is 10.18.
What the saved facts support for Ishares Msci Brazil Etf (EWZ)
47 out of 100
“Lula's re-election: Brazil’s public finances are already precarious—is the country on the path to a crash landing?” scores 47 out of 100. The score uses 2 sources, and 5 linked companies.