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Latin Times

Politics

Azucena Salazar

Brazil's Election Shock: Lula Returns, Bolsonaro Pushes Back—What Happens to U.S. Markets—and What Comes Next?

Luiz Inácio Lula da Silva Flávio Bolsonaro Brazil Donald Trump Jr. Cristiano Zanin United States ETF Jair Bolsonaro Superior Electoral Court Federal Police

Brazil's President and re-election candidate for the Workers' Party (PT) Luiz Inacio Lula da Silva (C) speaks after knowing the first results of the presidential runoff election, in Sao Paulo, Brazil, on October 25, 2026. Lula da Silva pulled off a dramatic comeback on October 25, 2026, as he clinched election victory against right-wing senator Flavio Bolsonaro, who trounced him in the first round. (Credit: Photo by Miguel SCHINCARIOL / AFP via Getty Images)

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