Após um pregão turbulento nesta segunda-feira (26), o Ibovespa fechou em queda de mais de 13%, aos 176.608 pontos, em resposta do mercado à reeleição do presidente Luiz Inácio Lula da Silva (PT).
Diante do movimento, a B3 precisou acionar o circuit breaker, ferramenta utilizada em momentos de maior volatilidade no mercado, quando há maior aversão ao risco por parte dos investidores e os principais índices acionários sofrem fortes quedas.
A suspensão ocorreu logo no início do pregão e teve duração prevista de 30 minutos.
Os papéis da Magazine Luiza (MGLU3) lideraram as perdas, com queda acima de 58%. O setor varejista é um dos mais expostos aos juros, que dispararam na sessão após a frustração do mercado com a vitória de Lula e o esvaziamento das expectativas de mudança na política fiscal.
O pódio ainda é composto pelos papéis da Vamos (VAMO3), com perda de quase 57%, e a Hapvida (HAPV3), que perdeu aproximadamente 55%.
Já as maiores altas ficaram com empresas voltadas ao mercado internacional, que tendem a se beneficiar com o avanço do dólar via exportações.
O lado positivo do pregão foi puxado por Suzano (SUZB3), que avançou 10,08%, Embraer (EMBJ3), com alta de 8,89%, e WEG (WEGE3), que subiu 4,21%.
O principal indicador do mercado brasileiro de ações reagiu ao resultado eleitoral do último domingo, que confirmou o quarto mandato de Lula. A eleição contrariou as expectativas dos acionistas, que apostavam na vitória do senador Flávio Bolsonaro (PL).
A expectativa do mercado em relação ao candidato da oposição foi alimentada, principalmente, pelas pesquisas eleitorais de segundo turno, que mostravam o filho do ex-presidente Jair Bolsonaro ligeiramente à frente.
Segundo Gabriel Magno, chefe de alocação de investimentos e sócio da AW Capital, o mercado precificou e se preparou para uma mudança de governo, na expectativa de anos mais “racionais” em relação ao controle de gastos e ao perfil da dívida pública.
“Entretanto, com o cenário consumado da reeleição do Lula, os investidores globais cortam suas expectativas para mais 4 anos do mesmo perfil de governo que levou o Brasil a um dos juros reais mais altos do mundo. É por isso que a bolsa cai tanto hoje”, afirmou.
*Com informações da Reuters e Agência Estado
Far-right senator banned from leaving country as supreme court judge’s ruling cites money-laundering case
The far-right senator Flávio Bolsonaro was banned from leaving Brazil and ordered to surrender his passports just hours after his dramatic loss in the presidential election to the leftist president Luiz Inácio Lula da Silva.
The ruling was issued by Alexandre de Moraes, the same supreme court justice who oversaw the trial of the senator’s father, the former president Jair Bolsonaro, for attempting a coup.
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© Photograph: Xinhua/Shutterstock
© Photograph: Xinhua/Shutterstock
© Photograph: Xinhua/Shutterstock
Brazilian progressive leader and incumbent president Luiz Inácio Lula da Silva made history last night, defeating far-right Flávio Bolsonaro of the Liberal Party in the second round after coming in second in the first round.
The results were awaited with bated breath after a judge ordered polls to be open for two more hours following complaints from voters who claimed they had been unable to reach polling places due to transportation problems. First the Workers’ Party (PT), and then the Liberal Party (PL), requested the extension, which paused the vote count until 7:00 pm in Brasília, the capital.
With 51.79% of the valid votes, the former union leader, metalworker, and head of the Workers’ Party staged a historic comeback against Bolsonaro, who lost the initial momentum he had in the first round and barely reached 48.21%. This is the first time a candidate who finished second in Brazil’s first round has staged a comeback and won the election in the runoff.
Bolsonaro entered the runoff with a relative – though significant – lead following his victory in the first round of voting on October 4, where he received 47.03% (approximately 56,104,503 votes), while Lula, to the surprise of many, came in second with 45.16% (53,879,538 votes).
In other words, there was a gap of nearly 3 million votes between the two candidates that seemed very difficult for Lula to overcome, especially considering that the remaining votes were split among candidates who were mostly from the right and center-right – a fact that led many to believe that Bolsonaro, the son of former president and currently imprisoned Jair Bolsonaro, would win the runoff.
But Lula, a true legend of Brazilian politics (a labor leader during the dictatorship who won the presidency three times), achieved the unthinkable. Between the first and second rounds of voting, he managed to gain more than 10 million votes compared to the first round – an astronomical figure, considering that Bolsonaro barely managed to gain some 3.7 million votes.
After it was clear that Lula’s victory was irreversible, the Brazilian streets were filled with people wearing the traditional red of the Workers’ Party. However, the victory was celebrated by a sort of broad coalition that had formed to overturn the result – one that spanned the political spectrum from classical left-wing parties and movements, to progressive liberals, and even some center-right groups that saw Bolsonaro as a threat to democracy.
In his speech marking his fourth presidential victory, Lula said: “I want to thank the Brazilian people – those who have stood by me for so long – and express my gratitude for the generosity of Brazil’s young people … We are going to change the way this country is governed … we are going to involve the people more. Digital communication will play a very significant role in this administration. I will deliver the best presidential term this country has ever seen.”
“Following our victory, we will have to discuss a new way of governing this country. The people’s participation in this campaign – the students, women, and workers who took to the streets – will compel us to find a new way of governing. This country will never be the same again,” said the reelected president.
Lula also stated that the debates against Bolsonaro and the PL campaign were riddled with lies and “denialism”: “I never thought a person could lie so much in this country, with such brazenness, as if there were not a single shred of humanity within him.”
Finally, he also addressed the problems his campaign faced regarding the dissemination of its messages on social media. The PT repeatedly denounced that the major social media platforms hindered or outright prevented the spread of its political messages, while Bolsonaro’s messages faced no such issues.
Is Meta meddling in Brazil's elections? With Sunday's runoff neck and neck, new reporting raises serious questions.
— BreakThrough News (@BTnewsroom) October 23, 2026
The pattern is hard to ignore: Lula's campaign was blocked from boosting Instagram posts for nearly 24 hours, his ad account was previously restricted, and… pic.twitter.com/DVjDWJa7Xw
Hence, he suggested placing limits on the power of the major corporations behind social media platforms – a stance he has taken on other occasions and which has caused friction with tech giants: “We cannot fail to recognize that a crime in the digital world must be treated the same as a crime in real life. We cannot have monstrous companies of this size – which make billions without paying taxes to our country – trying to alter election results,” Lula said in his victory speech.
For his part, far-right politician Flávio Bolsonaro said he “rejects” the election results and announced that he will seek to have the election annulled: “We are going to consult with our legal team; we are going to request that these elections be annulled. I will not accept that the rules of the game have been changed in the middle of the game – once again – by Lula’s friends on the Federal Supreme Court.”
Bolsonaro, who delivered his speech to his supporters, was referring to the extension of voting hours. According to his team, the extension was ordered after the polling stations had closed, which, they claimed, violates Brazilian electoral rules – even though the PL itself had also requested the extension.
This is not the first time that Bolsonaro’s supporters have rejected Lula’s victory. In 2022, it was Jair Bolsonaro who refused to acknowledge his defeat. Months later, during Lula’s inauguration, hundreds of Bolsonaro supporters violently stormed several government buildings, after which investigations were launched into an alleged attempted coup d’état. One of those found guilty in the case was Jair Bolsonaro himself, who is currently serving a sentence for that crime.
However, it will be difficult for Bolsonaro’s allegations to gain traction in Brazil’s immediate future. With the exception of Argentina’s far-right politician Milei, South American countries – through their heads of state and foreign ministries – have publicly congratulated Lula on his victory, which amounts to a de facto recognition of his win.
However, the Bolsonaros still have the Trump administration as a last resort, as it has publicly supported the PL candidate, just as it did with his father in the past. This is the first time since Trump began his second term that a candidate he supported in a Latin American country has failed to win, which still raises questions about what Washington’s stance will be regarding Lula’s historic victory – a victory in which, against all odds, he managed to defeat Washington’s candidate and thus halted a wave of far-right victories in Latin America.
The week before October 25 in Brazil was frenetic. It appeared that every one of the over 200 million Brazilians had a political opinion about the presidential election. The country was fundamentally polarized. Polls showed that the vote was going to be tight, with most polls favoring the challenger Flávio Bolsonaro, son of the former president Jair Bolsonaro, and the standard bearer of the far right of a special type. But the incumbent Luiz Inácio Lula da Silva, known as Lula and president of Brazil from 2003 to 2011 and then since 2023, would not allow the polls to stop him. He traveled the length and breadth of the country, holding massive and energetic rallies to mobilize people to vote. In the first round, 21% of the voters did not turn out in a process that is otherwise compulsory (and a large section who did vote left the presidential section either unmarked or spoiled). Only 2.2 million ballots separated Bolsonaro (who won 47% in the first round) from Lula of the 158.7 million registered voters. To win between October 4 (first round) and October 25 (second round), Lula had to either attract people who had voted for Bolsonaro or those who had not voted or spoiled their ballots. No other candidate had turned around such a deficit in Brazil’s modern history. But Lula did it.
In the three weeks between the first and second rounds, Lula and his team motivated millions of people onto the streets in the large cities of Brazil, but also in several smaller, but significant towns. These enormous mobilizations created a sense that Lula would overcome the mathematical disadvantage presented by the voting numbers after the first round. All psephological analyses showed that Bolsonaro would cruise through in the second round, which would have indicated the impossibility for Lula. But the left did not rest on this handicap but went on the offensive.
In the first round, Bolsonaro finished 2.22 million votes ahead, but in the runoff, Lula finished with 4.43 million votes ahead. The margin moved by 6.66 million votes. These votes came from the large cities: the 319 cities with more than 100,000 inhabitants, home to 57% of Brazil’s population, delivered 3.89 of the 6.66 million of the turnaround. Lula’s vote grew more in municipalities that are more evangelical, richer, whiter, more schooled, and more urban. This meant that he ate substantially into Bolsonaro’s base, which was something that surprised even the Lula team. The key to the turnaround was the mass mobilizations driven by the social movements, with the Landless Rural Workers’ Movement (MST) in the lead.
Across his three terms, Lula has presided over an extraordinary advance in the social conditions of the Brazilian people. Bolsa Família, increases in the minimum wage, the expansion of public universities, and support for family farming brought food, income, and opportunity into households that the ruling class had long treated as disposable. These achievements changed millions of lives and established that poverty could be confronted through public action. Yet the political formula that made these advances possible has reached its limits. Lula sought to improve the lives of the poor while accommodating the power of finance, agribusiness, and the dominant sections of Brazilian capital. During his first two terms, favorable international conditions created room for this accommodation. But redistribution without a corresponding transformation of economic power left the foundations of inequality intact, allowing the beneficiaries of the old order to retain the means to obstruct change and reverse its gains.
In his third term, fiscal restrictions, expensive credit, and dependence on conservative parliamentary forces have narrowed the space for reform. Social programs remain indispensable, but they cannot by themselves overcome insecure employment, household indebtedness, inadequate public services, or the concentration of land and wealth. The exhaustion lies in a governing strategy whose compromises increasingly obstruct the fulfilment of its promises. Lula’s personal authority cannot indefinitely bridge the distance between popular expectations and the concessions demanded by the powerful. A renewed project will require the organized strength of workers, peasants, and residents of the urban peripheries, the very people who form Lula’s base, with an agenda of agrarian reform, public investment, industrial development, and democratic control over finance. The movements that filled the streets must acquire greater power to shape the government’s direction. Defeating the far right opens that possibility, but securing the social gains of the Lula years will require confronting the structures that continually threaten them.
US President Donald Trump, his vice president JD Vance, and members of the Brazilian diaspora in Miami put an immense amount of effort into defeating Lula. Brazil, which makes up half the landmass of South America, and is the largest economy in Latin America, stands out against the wave of far-right governments that now dominate the Americas. Interference in the Brazilian elections is now an acknowledged fact, with Meta cutting off Lula’s accounts at a crucial stage of the contest and other reports of funding and social media intervention.
Trump had hoped that Bolsonaro would win in Brazil so that he can then strengthen his Shield of the Americas process that began in Miami in March 2026. This process was presented by Trump as an institutional form to coordinate security but also for the suffocation of the popular movements and the left. Lula’s victory has blocked Trump’s path to exercise the Monroe Doctrine. It has also meant that Trump will not be able to so easily access the critical minerals in Brazil or to dominate the new oil find in the basin of the Amazon delta.
Despite the obstacles faced by Lula, his victory has been able to show that the far right is not invincible.
Vijay Prashad is an Indian historian and journalist. He is the author of forty books, including Washington Bullets, Red Star Over the Third World, The Darker Nations: A People’s History of the Third World, The Poorer Nations: A Possible History of the Global South, and How the International Monetary Fund Suffocates Africa, written with Grieve Chelwa. He is the executive director of Tricontinental: Institute for Social Research, the chief correspondent for Globetrotter, and the chief editor of LeftWord Books (New Delhi). He also appeared in the films Shadow World (2016) and Two Meetings (2017).
This article was produced by Globetrotter.
An emergence in working-class turnout delivered Lula a historic fourth presidential term, and that outcome signals a shift in climate policy and Latin American integration.
The 2026 Brazilian presidential election ended in a runoff, determining the leadership of Latin America’s largest nation for the next four years.
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According to official data released by the Superior Electoral Court (TSE), incumbent President Luiz Inácio Lula da Silva of the Workers’ Party (PT) secured a fourth non-consecutive term after defeating Senator Flávio Bolsonaro of the Liberal Party.
The TSE’s final official count showed that Lula da Silva received 64,256,232 votes, representing 51.79 percent of the total valid votes. Flávio Bolsonaro garnered 59,826,041 votes, accounting for 48.21 percent of the valid ballots cast.
Voter turnout and participation figures underscored the civic engagement across the country, with total reporting reaching 100 percent of polling stations nationwide.
This electoral result marks a significant political milestone, occurring against a backdrop of intense political polarization in Brazil and the growing political influence of the far right across Latin America.
Lula’s victory sparked a wave of strong emotion in Brazil’s streets, eliciting a wide range of reactions, both positive and negative, to the outcome. In this in-depth article, we explore the discourse that has emerged following the confirmation of Lula da Silva’s win, which secures him a fourth term in office.
El triunfo electoral de Lula en Brasil redefine el tablero geopolítico y la correlación de fuerzas en América Latina.
— Jorgepkafruny (@JorgePKafruny) October 26, 2026
¿Crees que la victoria de Lula puede cambiar el equilibrio político de la región?#Brasil2026 #Geopolítica #Lula pic.twitter.com/PCI6imtkpM
The text reads, “Lula’s electoral victory in Brazil redefines the geopolitical landscape and the balance of power in Latin America. Do you think Lula’s win could shift the political equilibrium in the region?”
Domestic Mobilization and National Reactions to the Election Outcome
Brazil’s highest electoral authority, the Superior Electoral Court (TSE), announced the results of the presidential election runoff held this Sunday, October 25.
Following the official declaration, various reactions emerged within Brazil, reflecting the country’s political landscape.
Social organizations, trade union federations, and grassroots community networks gathered in major urban centers, including São Paulo, Rio de Janeiro, and Belo Horizonte, to await the election outcome.
Once the results were known, union leaders and civil society representatives emphasized that these elections, and Lula’s victory, demonstrate public support for the social welfare programs, minimum wage adjustments, expansion of public housing, and labor protections established during the current administration.
National media outlets highlighted the narrow electoral margin between the two candidates and its implications for the executive power exercise.
Market analysts noted that investor attention will focus on fiscal discipline targets, the management of public spending, and upcoming ministerial appointments for the new presidential term.
Is important to highlight that civic mobilization during the three-week interval between the first and second rounds played a decisive role in shaping voter participation.
Campaign committees focused on reducing voter abstention in metropolitan suburbs and organizing localized voter outreach efforts. Youth organizations and community groups conducted door-to-door awareness campaigns, while labor unions like the Unified Workers’ Central (Central Única dos Trabalhadores) coordinated transportation logistics to facilitate polling access for working-class voters in distant municipal sectors.
The national reaction also reflected broader debates regarding institutional stability and social cohesion. Differences emerged among religious organizations; even before the elections, the Catholic Church had issued statements noting that Flávio Bolsonaro’s proposals diverged from the Church’s social doctrine. Conversely, evangelical leaders have supported the claims of the defeated candidate by calling for the election results to be annulled.
BRAZIL ERUPTS AS LULA DEFEATS BOLSONARO
— Sovereign Media (@sov_media) October 26, 2026
Brazil’s leftist President Luiz Inácio Lula da Silva staged a remarkable political comeback, defeating far-right candidate Flávio Bolsonaro to secure a historic fourth term, sparking mass celebrations nationwide.
With 100% of votes… pic.twitter.com/RI9moOsdcX
Flávio Bolsonaro Response and Political Posture of Conservative Forces
In the immediate aftermath of the vote tabulation, Flávio Bolsonaro addressed his supporters and members of the press regarding the election results.
Bolsonaro and his campaign team requested that the TSE review procedures for voting hours at polling stations and the transmission of digital vote tallies in certain municipalities.
Candidate Flávio refused to acknowledge the election results that declared Lula the winner, stating: “It is impossible to recognize the outcome of these elections given the circumstances under which these events took place. We are going to request their annulment.”
Political analysts note that this post-election reaction aligns with common strategies used by conservative political groups in the region. Rather than immediately accepting the preliminary results, opposition leaders signaled their intention to maintain rigorous scrutiny over electoral authorities and administrative procedures.
Furthermore, Liberal Party representatives said that they will form an organized opposition bloc in the National Congress to oversee government actions, exercise legislative oversight, and challenge proposed changes to public policy throughout the legislative term.
🇧🇷 Lula's victory. A good day for socialists and not so good for capitalists.
— Evaluator. (@_AfricanSoil) October 26, 2026
80 years old and will be serving his last term as President. In 2022, after months in prison, he returned and won. He wins again after losing the 1st round in early October.
"A cat with nine… pic.twitter.com/bta9c5mNHT
The Executive Victory Address and Focus on Institutional Integrity
President Luiz Inácio Lula da Silva delivered his victory address in São Paulo before supporters, party leaders, and domestic and international news agencies.
Lula’s speech outlined the strategic direction for his upcoming presidential term, focusing on national unity, poverty alleviation, re-industrialization, and democratic institutions’ preservation.
A central focus of the president’s address was digital communication, social media platform operations, and election administration. President Lula highlighted the impact of algorithmic distribution networks and automated messaging systems during political campaigns, asserting that digital platforms must adhere to national legal frameworks to prevent the spread of disinformation.
Lula said: “Brazil is no one’s backyard. We will change the way we run this country; we will make people participate more in the decision-making process.”
In his speech, President Lula emphasized the urgency of implementing updated regulatory guidelines for foreign technology companies operating within Brazil.
Lula stated that national sovereignty encompasses digital infrastructure, data protection, and the integrity of public communication channels.
The administration announced plans to work within the National Congress and regulatory bodies to draft legal frameworks addressing content moderation standards, corporate transparency, and digital network accountability during future democratic processes.
China takes note of the announcement by Brazil’s Superior Electoral Court of President Lula’s runoff victory @LulaOficial and extends congratulations. China stands ready to work with Brazil to advance the building of the China-Brazil community with a shared future. pic.twitter.com/1ClWUSx61b
— CHINA MFA Spokesperson 中国外交部发言人 (@MFA_China) October 26, 2026
International Reactions and Global Perspectives
International leaders and foreign governments issued statements following the announcement of the TSE election results. Despite the rejection of the results by Flávio Bolsonaro, leaders from Latin America, North America, and Europe weighed in on the outcome.
Mexican President Claudia Sheinbaum congratulated President Lula and the people of Brazil. Meanwhile, Uruguayan President Yamandú Orsi spoke with Lula by phone to congratulate him on the democratic process.
Even presidents with openly right-wing leanings, such as Noboa in Ecuador, Fujimori in Peru, and Kast in Chile, commented on the results and congratulated Brazil on Lula’s victory.
A common theme among these different heads of state was their emphasis on the importance of regional cooperation, economic integration through platforms like CELAC, and a shared vision regarding environmental sustainability.
In the United States, lawmakers such as Senator Bernie Sanders celebrated the election result, describing it as a reaffirmation of democratic governance and citizen participation in the hemisphere.
Meanwhile, Europe and Asia also reacted to the election result. French President Macron congratulated Lula on his fourth electoral victory and urged the deepening of the bilateral partnership between the two nations.
Spanish Prime Minister Sánchez described the win as a great victory via his social media channels, while Costa, the president of the European Council, spoke with Lula by phone to reaffirm the bloc’s ties with Brazil.
Additionally, a spokesperson for China’s Ministry of Foreign Affairs expressed Beijing’s full readiness to foster mutual development. Russian President Putin also sent his warmest congratulations via an official statement.
The Celebrations in Brazil for Lula's Victory are MASSIVE
— Ryan Rozbiani (@RyanRozbiani) October 26, 2026
There are THOUSANDS on the streets celebrating these Presidential Elections Results
Bolsonaro says it was rigged. Doesnt looks like it buddy https://t.co/B9s80uhDNE pic.twitter.com/TKYBjRI3w0
Legislative Challenges and Regional Implications for Latin America
President Lula’s fourth term will be shaped by institutional dynamics and broader regional shifts. Domestically, the executive branch faces a conservative-majority National Congress, where conservative and center-right coalitions hold substantial parliamentary seats.
Pushing forward key agenda items, such as tax reform, social welfare expansion, fiscal adjustments, and climate conservation policies, will require building broad legislative alliances across party lines.
For their part, followers and supporters of Lula da Silva have announced that they will be monitoring the promises Lula made during his campaign, such as safeguarding the Family Allowance (Bolsa Família) program, strengthening food security, and increasing the real minimum wage.
Regionally, Lula’s victory consolidates left-of-center leadership in two of Latin America’s largest economies, Brazil and Mexico. This alignment provides institutional support for regional integration efforts, sustainable development initiatives in the Amazon basin, and coordinated strategies on international trade and environmental governance.
The election outcome signals sustained continuity for progressive policy frameworks while requiring pragmatic negotiation to navigate economic constraints and political polarization both domestically and internationally.
Sources: Brasil de Fato – Agência Brasil – Gov.br – O Globo – Folha de S.Paulo – O Estado de S.Paulo – El País – CNN Brasil – EFE – Instituto Tricontinental – La Base América Latina – Diario Red – TeleSUR – Al Jazeera
The weakened Latin American left is celebrating Luiz Inácio Lula da Silva’s epic comeback in grand style — the “Pelé of progressivism” who is preparing to become president of Brazil for a fourth time. From Mexico’s Claudia Sheinbaum to Colombia’s Gustavo Petro, and including Argentina’s Cristina Fernández de Kirchner and Chile’s Gabriel Boric, the bloc was quick to hail Lula’s victory as soon as it became irreversible, despite the defeated Flávio Bolsonaro’s promise to seek to annul the election. The right, split between acknowledging the result and remaining silent, has left Bolsonaro alone in his challenge.
© Presidencia de Brasil (REUTERS)
On Sunday, the unexpected reelection of Brazilian President Luiz Inacio Lula da Silva represents a setback for U.S. President Donald Trump’s plans to consolidate his influence in Latin America, at a time when the rightward shift of several countries seemed to be clearing his path.
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The Workers’ Party leader prevailed with nearly 52% of the vote over far-right Senator Flavio Bolsonaro, son of former President Jair Bolsonaro (2019-2022), and became the first candidate to win a runoff after finishing second in the first round.
As Trump has yet to comment on the results, which Flavio has refused to recognize, Lula’s victory frustrates the possibility that Washington could add Latin America’s largest economy to its bloc of regional allies.
The setback for the MAGA leader comes just days before midterm elections in which polls indicate Democrats could wrest control of Congress from him.
A major hit for the Donroe Doctrine. Lula wins a fourth term in a historic comeback. https://t.co/PaxbXozabt
— Mother Jones (@MotherJones) October 26, 2026
A Limit on Regional Momentum
In his second term, Trump announced he would revive the Monroe Doctrine, a 19th-century policy he invokes to assert U.S. primacy in Latin America.
When he returned to the White House, his regional allies were few, among them Javier Milei in Argentina, Nayib Bukele in El Salvador, and Daniel Noboa in Ecuador.
Rightward shifts in Honduras (Nasry Asfura), Bolivia (Rodrigo Paz), Chile (Jose Antonio Kast), Peru (Keiko Fujimori), and Colombia (Abelardo de la Espriella) broadened that bloc. On repeated occasions, Trump boasted of having contributed to those victories.
The axis of Trump’s foreign policy toward Latin America is the “Shield of the Americas,” an alliance supposedly aimed at fighting drug trafficking but which in reality seeks to consolidate U.S. hegemony. Flavio Bolsonaro had promised to join that new U.S. geopolitical instrument.
Washington also seeks to counter China’s growing influence in Latin America, although a Flavio victory would hardly have altered Brazil’s economic ties with the Asian giant, given the weight of the agro-industrial sector in the Bolsonarist coalition and its dependence on the Chinese market.
Currently, Lula’s presidency in Brazil and Claudia Sheinbaum’s presidency in Mexico emerge as the main counterweights to Trump’s domination project.
This story is extremely important:
— Ben Norton (@BenjaminNorton) October 15, 2026
A whistleblower revealed that Brazil's far-right Bolsonaro family dynasty met with Meta to discuss US plans to interfere in Brazil's election, to prevent Lula from winning.
Lula's Facebook and Instagram accounts were censored a few days before… pic.twitter.com/lB8pkvssqY
A Calculated Caution
Despite what was at stake in Brazil, Trump avoided expressly supporting Flavio Bolsonaro, unlike what happened in Colombia, where he openly backed De la Espriella. His presence, however, was felt, and Lula’s campaign denounced interference from Washington.
Lula himself declared in his victory speech that the result demonstrates that in Brazil “we do not accept being anyone’s backyard.”
A Flavio victory would have meant “100 percent alignment with Trump in his culture war and security policy,” explained Benjamin Gedan, director of the Latin America Program at the Stimson Center think tank.
The Republican was “clearly excited about this possibility,” but an explicit endorsement could have “hurt” the candidate, he added. Trump, however, had already taken a stand through his actions. In 2025, his administration imposed high tariffs on Brazil in response to the trial against Jair Bolsonaro, who was sentenced to prison for attempting a coup d’etat against Lula in 2023.
In May, Trump received presidential candidate Flavio Bolsonaro in the Oval Office, an unusual gesture since he was not a head of state. Flavio asked him to designate the First Capital Command (PCC) and the Red Command as terrorist organizations.
The White House agreed to that request four days later, a decision Lula opposed out of fear that the measure would open the door to U.S. interventionism.
Washington also opened a trade investigation against Brazil over alleged unfair practices, revoked the visa of the Brazilian ambassador and suspended its consular services two days before the first round — in which Bolsonaro defeated Lula — citing security reasons.
That involvement also exposes Washington to the region’s political changes. For Oliver Stuenkel, a researcher at the Carnegie center, ideological alliances are a fragile bet in a scenario marked by frequent alternations in power. “The kind of ideological interventionism that the Trump administration is carrying out in the region is counterproductive. In the medium and long term, it will strengthen anti-American forces,” he said.
Lula’s reelection thus forces Washington to deal with a Brazil that does not share its agenda and highlights the limits of its strategy for Latin America.
teleSUR/ JF
Source: EFE
Pro-democracy campaigners urged governments around the world, including in the US, to formally recognize Brazilian President Luiz Inácio Lula da Silva victory in Sunday’s runoff election as his far-right challenger, Senator Flávio Bolsonaro, refused to accept the results, sparking fears of political violence and another coup attempt. “It is impossible to recognize the results. I […]
The post US urged to recognize Lula’s Brazil win as foe demands annulment appeared first on Asia Times.
On Monday, Mexican President Claudia Sheinbaum celebrated Luiz Inacio Lula da Silva’s re-election in Brazil, after the leftist leader defeated far-right Sen. Flavio Bolsonaro in a runoff election.
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“Very happy about Lula’s victory in Brazil. Many, many congratulations to President Lula and the people of Brazil. It is a breath of fresh air for Latin America and the Caribbean. We are very, very happy,” Sheinbaum said during her morning news conference.
Her remarks came a day after the Mexican president congratulated Lula through her social media accounts, celebrating the election result with the message: “Long live democracy, the people of Brazil won. Congratulations, President Lula!”
With the Brazilian president’s victory, Mexico and Brazil, the two largest economies in Latin America, will maintain leftist governments in a regional landscape marked by U.S.-backed far-right rulers.
Serei eternamente grato ao povo brasileiro. Cada gesto de confiança, cada voto e cada passo dado em defesa da democracia valeram a pena. A emoção dessa caminhada fortalece a certeza de que ainda temos muito a construir juntos.
— Lula (@LulaOficial) October 26, 2026
Essa vitória não é um ponto de chegada, mas a… pic.twitter.com/Sf801bc4PR
The text reads, “I will be eternally grateful to the Brazilian people. Every gesture of trust, every vote, and every step taken in defense of democracy has been worth it. The emotion of this journey reinforces the certainty that we still have much to build together. This victory is not an end point, but rather a renewal of our commitment to Brazil, to social justice, to sovereignty, and to the hope for a better future for all. The path continues with an even stronger commitment to our people. Thank you very much, Brazil! This victory is ours!
Sheinbaum, who has expressed her political affinity with Lula, had ruled out Oct. 5 that a potential defeat for the Brazilian leader would lead to greater isolation for Mexico in Latin America.
On Sunday, the Workers’ Party leader defeated Flavio Bolsonaro with nearly 52% of the vote and staged an unprecedented comeback: Lula da Silva became the first candidate to win a presidential runoff after finishing second in the first round.
teleSUR/ JF
Source: EFE
2016 was a pivotal year in the 21st century. In June, Britons voted in a referendum to leave the European Union. In November, U.S. voters elected Donald Trump as president, a figure widely regarded as a bad joke by both Democrats and establishment Republicans. Both events marked the beginning of a far-right wave that, a decade later, continues to sweep across much of the world. And both were aided, perhaps decisively, by a small London-based political consultancy: Cambridge Analytica. The company collected data from 87 million Facebook users without their consent and used it to create personalized political propaganda to boost the campaigns for Trump and Brexit, among others.
© AFP
El PSOE miraba atentamente este domingo a Brasil, la mayor democracia de Latinoamérica. Luiz Inácio Lula da Silva, uno de los referentes mundiales de la izquierda, partía con clara desventaja. Nunca un perdedor en la primera vuelta de las presidenciales había logrado ganar en la segunda en la historia democrática del gigante americano. Pero Lula, el carismático líder del Partido de los Trabajadores, que este martes cumplirá 81 años, venció a su rival, el ultraderechista Flávio Bolsonaro. Contra pronóstico. Con todas las encuestas en contra. 51,79% frente a 48,21%. 64,2 frente a 59,8 millones de votos. Una remontada épica e inesperada en una región que claramente ha girado a la derecha, alineándose con Donald Trump. Brasil se reafirma como una isla, junto con el México de Claudia Sheinbaum, en todo el continente.
Lula da Silva se impone a Flávio Bolsonaro y es reelecto presidente de Brasil https://t.co/6CUoz8QcPM pic.twitter.com/frt3JqgYJv
— Europa Press TV (@europapress_tv) October 26, 2026
La victoria de Lula se ha convertido de manera automática en un espejo, para la izquierda española, de lo que puede ocurrir el 29-N. La señal de que sí hay partido y de que no está todo perdido, de que hay esperanza y de que la "remontada" puede repetirse aquí. Los mensajes de los socialistas (y de Frente Amplio) caminaron en las últimas horas por el mismo camino: Brasil insuflaba ánimo a los progresistas.
Sánchez y Lula han cooperado en los últimos años y de hecho ambos impulsaron la Reunión en Defensa de la Democracia, que celebró su cuarto encuentro el pasado abril en Barcelona
Lula, además, no es un dirigente cualquiera. Pedro Sánchez lo ha reivindicado en múltiples ocasiones, han trabajado juntos. Ambos impulsaron en 2024 la Reunión en Defensa de la Democracia, una iniciativa que celebró su cuarta edición el pasado abril en Barcelona, donde también tuvo lugar la I Cumbre España-Brasil y la Global Progressive Mobilisation (GPM). La sintonía entre los dos mandatarios siempre ha existido, así que su triunfo imprevisto en la segunda vuelta de las presidenciales refuerza el discurso de Ferraz y de la Moncloa. "¡Gran victoria de Lula! —exclamó el presidente del Gobierno en su cuenta de X—. Lo que ha pasado en Brasil pasará en España. La remontada del progresismo global acaba de comenzar".
¡Gran victoria de @LulaOficial!
— Pedro Sánchez (@sanchezcastejon) October 26, 2026
Lo que ha pasado en Brasil, pasará en España.
La remontada del progresismo global acaba de comenzar.
"Enhorabuena a Lula por una victoria épica", se congratuló la número tres del partido, Rebeca Torró, "la esperanza de Brasil tendrá su eco este 29-N en España. No hay máquina del fango ultraderechista que pare esta remontada progresista". "Con Lula empieza la remontada de la izquierda frente a la Internacional Populista de extrema derecha. El 29 de noviembre demostraremos que también en España la esperanza de un país que avanza cuatro años más vencerá al odio de quienes quieren hacernos retroceder cuatro décadas", apuntaba por su parte el portavoz en el Congreso, Patxi López.
El triunfo inesperado del mandatario brasileño es un "soplo de esperanza", señala el ministro Puente, el aviso de que se puede vencer a las encuestas y de que el ciclo alcista de la ultraderecha puede pararse
Las dos palabras claves eran esperanza y remontada. Fundamentales para arengar a las hasta ahora deprimidas bases electorales de la izquierda. Es lo que expresaba este lunes, en un desayuno informativo en Madrid, el ministro de Transportes, Óscar Puente: la victoria de Lula es un "soplo de esperanza", un aviso de que se puede vencer a los sondeos y la señal de que el ciclo expansivo de la ultraderecha empieza a detenerse y España podría ser ese ejemplo al mundo.
Enhorabuena a @LulaOficial por una victoria épica.
— Rebeca Torró/❤️ (@Rebeca_Torro) October 26, 2026
La esperanza de Brasil tendrá su eco este #29N en España. No hay máquina del fango ultraderechista que pare esta remontada progresista. pic.twitter.com/0NCH6QrNPZ
En abril, cuando se celebró en Barcelona la GPM, donde se había frenado la derecha populista era en Hungría, con la caída de Víktor Orbán. Ahora, el ejemplo progresista para el mundo es Brasil. Y los socialistas esperan que ocurra lo mismo el 29-N con España, como también subrayó otro ministro, el de Exteriores, José Manuel Albares, en una entrevista en RNE: la "victoria contundente" de Lula demuestra que "la única encuesta que vale es las urnas", y eso puede aplicar para Sánchez, que podrá revalidar su mandato, aseguró, y es "lo que conviene a los españoles", informa EFE.
También Frente Amplio se alegra de la remontada épica de Lula y cree, en palabras de Urtasun, que tanto su victoria como la de la oposición estudiantil en Serbia muestran un "cambio de tendencia claro"
Para Ernest Urtasun, ministro de Cultura y número dos en la lista de Frente Amplio y comunes en Barcelona, lo ocurrido en el gigante latinoamericano y en Serbia, donde ayer ganó la lista estudiantil opositora a Aleksandar Vucic, prueban que hay hoy "un cambio de tendencia claro en el avance de la oleada reaccionaria", que "parecía imparable", pero "no lo es", informa EFE.
La victoria de Lula da Silva en Brasil, inesperada tras la primera votación en la que Bolsonaro se posicionó como favorito, ha tumbado a las empresas españolas cotizadas que mayor exposición tienen en Suramérica. Así, mientras el Ibex 35 se mantiene plano, Telefónica, que tiene la relación más directa del selecto grupo de los 35 con Brasil, ha sufrido una caída que llegó a tocar el 7% en rojo hasta los 3,15 euros. En el caso del Banco Santander, la entidad financiera, con una extensa presencia en el país brasileño, llegó a perder un 4% hasta los 10,87 euros la acción. Con unos ingresos en el país hispanos de 13.200 millones de euros en 2025, la presencia de Brasil en el banco supera el 21%.
Brasil es uno de los mercados más importantes de Telefónica, único país donde la operadora se quedará tras la salida de Hispanoamérica mediante la venta de sus filiales con su plan Transform & Grow. Concentrando su negocio en España, Reino Unido, Alemania y Brasil, Telefónica reúne un 28% de los ingresos del grupo provenientes desde Brasil (9.451 millones) mediante su filial Vivo, en la que posee más de 116 millones de accesos.
Pero además, el antiguo monopolio de telecomunicaciones ha recibido hoy una rebaja de la calificación desde "neutral" a "infraponderada" por parte de JP Morgan, advirtiendo que Virgin Media O2, compañía del grupo en Reino Unido, presenta importantes desafíos de deuda. De esta manera, el banco estadounidense recortó su precio objetivo para diciembre de 2028 50 céntimos, pasando de los 3,70 a los 3,20 euros la acción.
Luiz Inácio Lula da Silva, 80, Brazil’s president and one of the most influential politicians in Latin America this century, achieved the comeback he had been seeking on Sunday. Lula defeated Senator Flávio Bolsonaro, 45, the political heir to the far-right Bolsonaro clan, with 51.7% of the vote to 48.2%, a margin of four million votes. He has become the first president in Brazil’s history to win after losing the first round of a presidential election.
© Sebastiao Moreira (EFE)
Lula da Silva es el presidente de las primeras veces. Contra pronóstico, ha protagonizado una remontada histórica frente a Flávio Bolsonaro. Nunca antes el ganador de la primera vuelta había perdido en el balotaje. Lula ha conseguido su cuarto mandato no consecutivo con el 51,78% de los votos. Bolsonaro se quedó en el 48,21%. Más de cuatro millones de votos de diferencia en favor de Lula.
El Exército de Lula, una campaña de movilización sin precedentes, ha hecho posible esta proeza. La abstención (19,2%) y el número de votos blancos y nulos fue mucho menor que en la primera vuelta. El senador Flávio Bolsonaro, como su padre o Donald Trump, se ha negado a aceptar su derrota.
Con la voz muy ronca y visiblemente cansado, Lula, a punto de cumplir los 81 años, ha agradecido a los brasileños, en especial a los jóvenes, su apoyo, con un gesto a André Janones, el diputado de Minas Gerais que ha promovido el Exército de Lula. El canal de WhatsApp, con diez millones de seguidores, ha sido clave en la activación del voto de esta segunda vuelta. "Esta elección es una derrota para el negacionismo", ha dicho en su discurso de victoria, en Sao Paulo. Ha asegurado que cambiará su forma de gobernar para contar con mayor participación popular. "Voy a gobernar para 215 millones de brasileños", ha prometido.
"Queremos ser un país clave en las decisiones políticas, económicas y de paz", ha añadido Lula."Este país tiene una Constitución. Nadie está obligado a que le guste el presidente electo, pero fue elegido para gobernar para todos. Quiero decirles una vez más que, una vez ganadas las elecciones, ya no tendremos adversarios", en un guiño a la oposición, que tiene la mayoría en el Congreso.
Minha gratidão eterna ao povo brasileiro, à juventude que tomou as ruas em defesa da democracia e a cada pessoa que fez um esforço imenso para votar e defender o futuro do nosso país.
— Lula (@LulaOficial) October 26, 2026
Vocês me emocionam e renovam minha esperança. Essa vitória é de um povo que acredita, que luta… pic.twitter.com/bYpKMdFgP0
En alusión velada a Donald Trump, ha puntualizado: "Brasil no es el patio trasero de nadie". Ha añadido que ha vencido "la intromisión" del exterior que vino "a través de las plataformas digitales". Ha anticipado que "regulará" las grandes plataformas digitales. En campaña se apuntó a Meta.
El presidente de Estados Unidos ha apostado claramente por los Bolsonaro. El triunfo de Lula es su primer revés en América Latina y sucede justo a diez días de las elecciones de mitad de mandato en Estados Unidos. Si los sondeos aciertan, los republicanos perderán la mayoría en la Cámara de los Representantes y posiblemente en el Senado. Trump las afronta con la popularidad bajo mínimos.
"Voy a hacer el mejor mandato que un presidente hizo jamás en este país", ha dicho emocionado, entre aplausos y vítores de los congregados. Será su cuarto y último mandato, que empezará en enero de 2027. Fue jefe del Estado de enero de 2003 a enero de 2011. Y volvió al Palacio de Planalto en 2023 tras vencer a Jair Mesías Bolsonaro, padre del senador Flávio Bolsonaro en 2022. Jair Mesías Bolsonaro está condenado por intento de golpe de estado, pues se negó a aceptar la derrota y promovió una asonada. Por eso eligió a su primogénito para su venganza.
Y de tal palo tal astilla. Flávio Bolsonaro ha dicho que es "imposible reconocer los resultados de las elecciones". Ha anunciado que activará al equipo legal de su campaña para solicitar la anulación de estas elecciones. "Esto nunca había ocurrido antes en la historia de Brasil. Se produjo una ruptura total de la igualdad entre los brasileños de distintas ciudades y estados. No aceptaré que las reglas del juego hayan cambiado, una vez más, por los amigos de Lula en el Tribunal Supremo Federal".
La campaña de Lula pidió que se ampliara el horario de votación debido a que la reducción de las flotas de autobuses en algunas ciudades obstaculizaba el proceso electoral. La campaña del Partido de los Trabajadores, de Lula, solicitó una prórroga en algunas ciudades de varios estados, incluidos Sao Paulo y Bahía. Los más humildes, votantes de Lula, son los que tenían más problemas para acceder a los colegios.
La campaña de Bolsonaro había solicitado una prórroga del periodo de votación en Sao Paulo y algunas ciudades del sur, debido a las fuertes lluvias que azotaron la región. La solicitud de la campaña del Partido de los Trabajadores fue seleccionada al azar por el Tribunal Supremo Federal y recayó en el magistrado Cristiano Zanin, quien se pronunció a favor de la extensión a nivel nacional.
Los presidentes del Senado, Davi Alcolumbre, y de la Cámara de Diputados, Hugo Motta, sí han felicitado a Lula durante una comparecencia conjunta. Los dos han defendido la solidez del proceso electoral.
El problema del senador Bolsonaro es que, si la inmunidad presidencial, antes o después tendrá que vérselas con la justicia. El senador es objeto de dos investigaciones de la policía federal: una, sobre el destino de un préstamo millonario que, según se desprende de una grabación, le pidió a un banquero caído en desgracia y acusado de corrupción para financiar una película biográfica sobre su padre. También afronta un presunto caso de blanqueo de capitales y una posible asociación empresarial con un amigo íntimo, el empresario del sector de las apuestas y abogado Willer Tomaz. Hay quienes anticipan que acabará en Estados Unidos, como su hermano Eduardo, sobre quien pesa una orden de arresto en Brasil.
Como señala Fabio Graner en O Globo, con su discurso el senador Flávio Bolsonaro "confirma el gran temor que rodeaba a su candidatura: su relación con la democracia. El candidato, derrotado en la segunda vuelta por el presidente Luiz Inácio Lula da Silva, tuvo un resultado electoral que superó todas las expectativas, incluso las de sus aliados, y podría haber concluido el proceso mostrando más grandeza que su padre, quien ni siquiera cedió la banda presidencial a su adversario. Optó por rebajarse. Flávio obtuvo más de cuatro millones de votos menos que Lula".
Este martes, Lula celebra su 81 cumpleaños. El más dulce en décadas. Como anticipo, ha conmemorado su victoria en las urnas esta madrugada por la Avenida Paulista.
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