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Brazil markets suffer rout after Lula’s improbable election win

Katherine Langford
Katherine Langford
Katherine Langford
Editor-in-Chief · Edina, MN

Katherine oversees editorial operations across all six brands. Before joining The Meridan Group, she spent 14 years at the Minneapolis Star Tribune, where she led the metro desk through its digital transformation. She holds a Master's in Journalism from Northwestern's Medill School.

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Editor-in-Chief · Monday, October 26, 2026 at 1:53 PM · 1 min read
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Brazil markets suffer rout after Lula’s improbable election win — St. Simons Island Community news

Brazilian markets suffered steep losses after President Luiz Inácio Lula da Silva pulled off a stunning comeback to defeat Flávio Bolsonaro, the right-wing candidate that many investors preferred. Brazil’s real slumped 11% in early Monday trading, while some longer-dated swap-rates…

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Presidential candidate Flavio Bolsonaro speaks after the results of the general election on Sunday, Oct. 25, 2026, in Brasilia, Brazil.

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Brazil's President and presidential candidate Luiz Inacio Lula da Silva gestures to supporters after winning the presidential runoff election in Sao Paulo, Brazil, on Oct. 26, 2026. — The Brunswick News (Golden Isles)
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Brazil's President and presidential candidate Luiz Inacio Lula da Silva gestures to supporters after winning the presidential runoff election in Sao Paulo, Brazil, on Oct. 26, 2026.

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