Business · Markets · 1 day ago
Brazilian stocks hit record highs as election polls lift market
Brazil’s Ibovespa stock index reached record levels as investors reacted to polls showing Flávio Bolsonaro ahead of Luiz Inácio Lula da Silva in a projected presidential runoff.
The market rally came despite inflation rising 0.82% in September.
Higher electricity bills were the biggest driver, after an annual discount on household power bills ended.
Investors also focused on expectations for 2027 and the possibility of a change in economic policy.
Bolsonaro’s economic team has proposed cutting public spending by R$200 billion through measures including fewer ministries and an administrative reform.
The prospect of tighter control of public spending was linked to lower forecasts for future interest rates and a fall in the dollar.
The market’s direction still depends on the runoff result, the source of the political expectations driving prices.
Brazil’s Ibovespa traded at record highs on Friday, October 9, as investors reacted to polls showing Flávio Bolsonaro ahead of Luiz Inácio Lula da Silva in a presidential runoff.
The rally continued despite September inflation data showing prices rose 0.82%.
The prospect of a change in government was linked to capital inflows, a weaker dollar and rising share prices.
Trading volume on B3 rose to R$50 billion from a recent average of R$18 billion.
Listed companies gained more than R$400 billion in value in one day.
- Who
- Brazilian stock market investors and listed companies; the polls cited Flávio Bolsonaro and Luiz Inácio Lula da Silva.
- What
- The Ibovespa traded at record highs as election polls lifted the market.
- When
- Friday, October 9; the article was published on October 10, 2026.
- Where
- Brazil, on the B3 stock exchange.
- Why
- Polls showing Bolsonaro ahead of Lula prompted expectations of a possible change in government and its economic policies.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
New election polls showed Flávio Bolsonaro ahead of Luiz Inácio Lula da Silva in a presidential runoff.
The Ibovespa traded at record highs despite September inflation data.
- Ibovespa
- Traded at record highs on Friday, October 9
- September inflation
- 0.82%
- B3 trading volume
- R$50 billion, up from a recent average of R$18 billion
- Market value gained
- More than R$400 billion in one day
- Poll standings
- Flávio Bolsonaro ahead of Luiz Inácio Lula da Silva in runoff polls
Sources
Related news
CSN agrees to sell German steel plant for €550 million
Brazilian banks offer accounts for children with parental controls
Brazilian household spending is expected to slow sharply
Brazilian stocks jumped after the first round, but past elections brought declines after runoffs
Accounting skills are helping executives reach top leadership roles
Low fees are key to making small pension savings work in Brazil
Mega-Sena draws numbers for estimated R$112 million prize
R$112 million Mega-Sena prize could earn up to R$13.8 million in a year
Santander approves R$1.5 billion in payments to shareholders
AliExpress and Correios renew partnership to speed deliveries in Brazil
Quina contest 7139 draws numbers for a R$30 million prize
