Business · Markets · 2 hrs ago
Brazilian markets fall as election survey, oil and tech results unsettle investors
Brazil’s stock market fell and the dollar rose as investors reacted to political and global economic pressures.
A new poll showed a closer contest between Luiz Inácio Lula da Silva and Flávio Bolsonaro, raising uncertainty about the election outcome.
Higher oil prices added to concerns because they can push inflation and interest rates up around the world.
Disappointing results from major US technology companies also weighed on markets.
Although federal tax revenue hit a record, Brazil’s gross debt was about R$11.2 trillion, or 82.9% of GDP.
The government’s fiscal target is expected to be met through accounting measures that exclude some expenses, while spending has risen on fuel subsidies and Bolsa Família adjustments.
Brazilian markets fell on Thursday as a new election poll, rising oil prices and weak results from major US technology companies unsettled investors.
The Ibovespa dropped 1.15% to 204,120 points.
The commercial dollar rose 0.22% to close at R$5.038.
The poll showed a closer presidential contest between Flávio Bolsonaro and President Luiz Inácio Lula da Silva.
Higher oil prices added to inflation concerns and pressure on interest rates, while technology results weighed on international markets.
- Who
- Brazilian investors and financial markets were affected. The poll concerned Flávio Bolsonaro and President Luiz Inácio Lula da Silva.
- What
- The Ibovespa fell and the dollar rose as election uncertainty and international developments unsettled investors.
- When
- Thursday, October 22, 2026.
- Where
- Brazil, with global oil prices and international markets also affecting sentiment.
- Why
- A poll indicated a closer presidential race, oil prices rose, and major US technology companies reported disappointing results.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Ibovespa
- Fell 1.15% to 204,120 points
- Commercial dollar
- Rose 0.22% to R$5.038
- Election poll
- Showed a closer contest between Flávio Bolsonaro and Luiz Inácio Lula da Silva
- Oil prices
- Rose, adding to global inflation and interest-rate pressure
- Technology results
- Major US technology companies reported disappointing results
2 sources
What people are saying
Depois que essa pesquisa saiu, houve uma piora geral
Uma eleição mais voto a voto