Brazil runoff poll shows Flávio Bolsonaro and Lula in a statistical tie; Ibovespa rises about 1%
Updated
Summary
A Datafolha poll for Brazil’s presidential runoff put Senator Flávio Bolsonaro at 49% and President Lula at 45% of voting intentions. The result was a statistical tie at the limit of the survey’s two-percentage-point margin of error.
The Ibovespa rose about 1% to near 208,000 on Friday following the release of the first polls for the presidential runoff.
Why it matters
A separate Atlas/Bloomberg poll put Flávio Bolsonaro at 51.1% and Lula at 45.7%, ending the statistical tie in the previous survey’s runoff scenario.
Markets view Bolsonaro as more fiscally restrictive amid elevated domestic yields and weak business activity. His economic team is considering spending cuts equivalent to around 2% of GDP.