Brazil's Supreme Court barred presidential candidate Flávio Bolsonaro from leaving the country, days after he narrowly lost Sunday's runoff to incumbent Luiz Inácio Lula da Silva. Bolsonaro, who has refused to concede, called the order an act of intimidation and vowed to challenge the result in court.
Brazil's real and bonds fell sharply on the first trading day after Luiz Inácio Lula da Silva's re-election to a fourth term, with the São Paulo stock exchange triggering an automatic trading halt. Investors fear widening fiscal deficits as Lula faces a Congress tilted toward the opposition.
Nearly 160 million Brazilians cast ballots as Lula faces Senator Flávio Bolsonaro in a deadlocked runoff, with the latest Datafolha poll showing both candidates tied at 50%.
Brazilian President Luiz Inácio Lula da Silva and challenger Flávio Bolsonaro held their final televised debate on Friday, trading barbs over the cost of living and corruption just two days before Sunday's runoff. A new Datafolha poll released the same week put both candidates at 50% of valid votes, the tightest reading of the race so far.