Brazilian markets surged on Tuesday as stronger polling for far-right presidential candidate Jair Bolsonaro and a Congressional farm caucus endorsement boosted expectations that he may block the leftist Workers Party from returning to power.
Brazilian far-right presidential candidate Jair Bolsonaro held a solid lead ahead of the October 7 election following a near-fatal stabbing, but Workers Party (PT) candidate Fernando Haddad emerged in second place, signaling a potential polarized right-left runoff, a poll showed on Monday.
Brazilian far-right presidential candidate Jair Bolsonaro attacked the rival Workers Party (PT) and raised the prospect of voter fraud in an address on Sunday from his hospital bed in Sao Paulo, where he is recovering from an assassination attempt.
Center-left populist presidential candidate Ciro Gomes vowed on Wednesday to reduce concentration in Brazil's banking sector if elected in October, warning that he would open the sector up to more foreign competition if necessary.
Brazil's imprisoned former president Luiz Inacio Lula da Silva, on Tuesday ended his legal battle to run for the top office in next month's election. Senator Gleisi Hoffmann, head of the leftist Workers Party (PT) that Lula founded, made the announcement in the southern city of Curitiba, where the popular Lula has been jailed on corruption charges since April.
Jailed former Brazilian president Lula da Silva is expected to allow his Workers Party to announce running mate Fernando Haddad as its candidate, following the latest ruling from the Supreme Court. Lula had hoped the Justices would agree to an appeal for more time to switch the head of the Workers Party (PT) ticket after Brazil’s top electoral court last week banned him from running due to a corruption conviction and gave him 10 days to remove his name.
The health of Brazil’s far-right leading and poll-leading presidential candidate Jair Bolsonaro was markedly improved after he was stabbed last week at a campaign rally, the hospital where he is being treated said on Sunday.
Brazil’s jailed former president Lula da Silva is preparing to give up his bid to run in next month’s presidential election, party sources said, after he lost two appeals at the Supreme Court on Thursday. That will remove the most popular candidate from October’s race and pave the way for Lula’s hand-chosen successor, Fernando Haddad, to become the Workers Party (PT) candidate.
Sao Paulo state prosecutors in Brazil said on Tuesday they have charged the Workers Party (PT) vice presidential candidate Fernando Haddad with corruption, but any potential trial would not hinder his ability to run.
The Brazilian Real erased early losses on Tuesday after state prosecutors charged Workers Party vice presidential candidate Fernando Haddad with corruption, driving investors to pare bets on his electoral strength.