Brazilian equities and currencies slumped on Tuesday after an opinion poll on the presidential election showed leftist candidates gaining ground while market-friendly centrists did not.
The popularity of imprisoned former Brazilian president Lula da Silva has grown strongly despite his corruption conviction, an election poll on Wednesday showed, a result that rattled markets and raised the possibility that Lula’s running mate could ultimately become the next occupant of the country’s presidential palace.
A Datafolha survey shows that the all-time high unpopularity of Brazilian President Michel Temer (MDB) is due essentially to dissatisfaction with the overall performance of his administration, particularly regarding the economy. It also shows that the president's personal image and the loss of status caused by corruption scandals that involve him are secondary issues.
Brazilian voters are abandoning jailed former President Lula da Silva as his chances of running in October fade, but they are not transferring their support en masse to other leftist candidates, a Datafolha poll showed on Sunday. Without Lula in the running, support for far-right candidate Jair Bolsonaro has slipped and is now virtually tied with environmentalist Marina Silva in a presidential race thrown wide open, the survey said.