Bovespa futures tumbled as much as 15% in early Monday trading after left-wing Lula defeated right-wing Jair Bolsonaro in an unexpectedly strong runoff result. Brazil interest-rate futures jumped sharply — the Jan-2031 contract surged 182 bps — and t

2026-10-26

Bovespa futures tumbled as much as 15% in early Monday trading after left-wing Lula defeated right-wing Jair Bolsonaro in an unexpectedly strong runoff result. Brazil interest-rate futures jumped sharply — the Jan-2031 contract surged 182 bps — and the real slid more than 8% in spot trading.