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News 2026-10-26 12:35 UTC

Markets brace for uncertainty after Lula win in Brazil

The shock reelection in Brazil of leftist incumbent Luiz Inácio Lula da Silva has left markets in disarray. The shock reelection in Brazil of leftist incumbent Luiz Inácio Lula da Silva, which polls — and Wall Street prognosticators — had pegged as unlikely, has left markets in disarray. An ETF tracking Brazilian stock