IBOV 174,701.12 ▲ 0.38% IPSA 10,971.24 ▲ 0.19% IPC MEX 66,383.68 ▲ 0.21% MERVAL 3,291,997 ▲ 0.25% COLCAP 2,270.31 ▼ 0.19% BVL PERÚ 57,237.60 — — USD/BRL5.11▲ 0.43% USD/MXN17.45▼ 0.20% USD/CLP941.01▼ 0.83% USD/COP3,201▼ 0.50% USD/PEN3.40▼ 0.15% USD/ARS1,498▲ 0.10% USD/UYU40.15▲ 0.03% USD/PYG6,020▼ 0.02% USD/BOB11.32▲ 1.25% USD/DOP58.07▲ 0.14% USD/CRC449.99▲ 0.18% USD/GTQ7.62▼ 0.09% USD/HNL26.75▲ 0.02% USD/NIO 36.62 — 0.00% USD/VES740.37▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.98▼ 0.31% USD/TTD6.75▲ 0.59% EUR/BRL5.81▲ 0.39% BRENT 88.78 ▼ 8.27% WTI 82.63 ▼ 7.48% IRON ORE 161.91 — — COPPER 6.39 ▲ 1.04% GOLD 4,076 ▲ 0.20% SILVER 58.74 ▲ 0.14% SOY 1,214 ▼ 2.74% CORN 473.75 ▲ 2.05% WHEAT 662.25 ▼ 2.32% COFFEE 324.05 ▲ 3.27% SUGAR 14.56 ▼ 1.42% ORANGE JUICE 141.55 ▼ 0.14% COTTON 80.85 ▲ 2.93% COCOA 5,154 ▼ 4.13% BEEF 218.68 ▼ 3.70% CATTLE 331.08 ▼ 4.13% LITHIUM 68.14 ▲ 0.49% PETR4 41.09 ▼ 2.65% VALE3 75.18 ▼ 0.08% ITUB4 42.48 ▲ 0.90% BBDC4 18.69 ▲ 1.14% ABEV3 15.64 — 0.00% BBAS3 20.53 ▲ 0.88% B3SA3 15.71 ▲ 1.75% WEGE3 45.99 — 0.00% PRIO3 56.09 ▼ 4.64% SUZB3 41.78 ▼ 0.14% RENT3 37.35 ▲ 1.25% AZZA3 16.95 ▲ 1.80% CSAN3 3.89 ▲ 2.37% RAIZ4 0.25 ▼ 3.85% PCAR3 2.84 ▲ 1.79% GMAT3 3.85 ▲ 1.58% PSSA3 54.13 ▼ 1.19% CVCB3 1.36 ▲ 1.49% POSI3 3.60 ▲ 1.41% SLCE3 13.46 ▼ 1.32% NATU3 8.55 ▲ 2.03% BRKM5 6.14 ▲ 0.66% RANI3 7.98 ▲ 0.38% CSNA3 5.61 ▲ 4.66% CMIN3 5.75 ▲ 1.05% USIM5 8.54 ▲ 0.71% GGBR4 24.34 ▲ 0.33% ENEV3 25.42 ▲ 2.09% CPFE3 44.79 ▼ 0.67% CMIG4 11.13 ▲ 1.37% EQTL3 38.66 ▲ 0.83% LREN3 13.70 ▲ 3.24% VIVT3 36.07 ▲ 2.14% RAIL3 13.66 ▲ 0.66% KLABIN 17.67 ▲ 0.86% RAIA DROGASIL 18.14 ▲ 0.89% RDOR3 33.74 ▲ 1.08% HAPV3 10.33 ▲ 4.13% FLRY3 16.57 ▲ 1.91% SMTO3 14.82 ▼ 1.53% UGPA3 32.18 ▼ 1.62% VBBR3 34.48 ▼ 1.77% BBSE3 40.43 ▼ 2.55% BPAC11 55.64 ▲ 1.77% CURY3 30.38 ▲ 3.51% AERI3 2.04 — 0.00% VIVARA 21.94 ▲ 2.43% COMPASS 25.28 ▲ 2.10% VAMOS 3.17 ▲ 0.63% SANB11 27.07 ▲ 2.77% ASAI3 8.07 ▲ 2.80% SBSP3 28.69 ▲ 1.09% WALMEX 48.81 ▲ 1.52% GMEXICO 208.21 ▲ 0.45% FEMSA 228.78 ▲ 3.05% CEMEX 21.23 ▲ 0.43% GFNORTE 196.34 ▲ 2.12% BIMBO 59.31 ▲ 1.72% TELEVISA 9.94 ▲ 1.33% AMX 22.55 ▼ 1.14% GAP 379.00 ▲ 0.53% ASUR 272.06 ▲ 1.61% OMA 228.33 ▲ 0.97% KOF 188.10 ▲ 4.85% GRUMA 269.04 ▲ 0.43% KIMBER 39.77 ▲ 0.33% SQM-B 64,635 ▼ 1.09% COPEC 6,264 ▼ 1.05% BSANTANDER 81.05 ▲ 2.18% FALABELLA 6,129 ▲ 2.33% ENELAM 85.89 ▲ 0.47% CENCOSUD 1,957 ▼ 0.05% CMPC 1,035 ▲ 1.00% BANCO CHILE 194.48 ▲ 0.71% LATAM AIR 24.63 ▲ 3.14% YPF 81,250 ▼ 0.91% GGAL 7,990 ▲ 1.27% PAMPA 5,470 ▼ 0.82% TXAR 667.00 ▼ 1.04% ALUAR 975.00 ▲ 0.31% TGS 9,730 ▼ 0.36% CEPU 2,368 ▲ 0.13% MIRGOR 16,350 ▼ 1.06% COME 42.81 ▲ 0.94% LOMA NEGRA 3,685 ▲ 2.08% BYMA 300.50 — 0.00% TELECOM ARG 4,408 ▲ 0.63% ECOPETROL 15.77 ▼ 1.53% BANCOLOMBIA 87.56 ▲ 1.80% GRUPO AVAL 4.78 — 0.00% CREDICORP 389.63 ▲ 0.31% SOUTHERN COPPER 175.25 ▼ 2.25% BUENAVENTURA 31.37 ▲ 1.49% MERCADOLIBRE 1,833 ▲ 1.78% NUBANK 14.47 ▲ 2.66% XP 16.90 ▲ 1.23% PAGSEGURO 9.40 ▲ 2.12% STONE 10.98 ▲ 2.00% GLOBANT 33.38 ▲ 6.65% TECNOGLASS 45.21 ▼ 0.20% GAP AIRPORT 217.29 ▲ 0.46% ASUR 272.06 ▲ 1.61% OMA AIRPORT 104.75 ▲ 1.27% AMX ADR 25.81 ▼ 0.79% FEMSA ADR 131.30 ▲ 3.28% CEMEX ADR 12.14 ▲ 0.62% PETROBRAS ADR 18.12 ▼ 3.49% VALE ADR 14.69 ▼ 0.71% ITAU ADR 8.32 ▲ 0.43% SANTANDER BR 5.45 ▲ 2.83% AMBEV ADR 3.04 ▼ 0.82% CSN 1.11 ▲ 2.78% GERDAU 4.79 ▼ 0.52% LATAM ADR 52.26 ▲ 4.21% BTC 64,936 ▼ 0.62% ETH 1,941 ▼ 0.65% SOL 75.88 ▼ 0.94% XRP 1.09 ▼ 1.63% BNB 573.61 ▼ 0.16% ADA 0.16 ▼ 3.93% DOGE 0.07 ▼ 1.74% AVAX 6.58 ▼ 2.29% LINK 8.62 ▼ 2.15% DOT 0.79 ▼ 3.88% LTC 46.54 ▼ 2.62% BCH 215.64 ▼ 0.54% TRX 0.33 ▼ 1.12% XLM 0.18 ▼ 2.98% HBAR 0.07 ▼ 2.07% NEAR 1.77 ▼ 3.64% ATOM 1.36 ▼ 3.10% AAVE 99.53 ▼ 1.95% SELIC 14.25% EMBRAER 86.35 ▲ 4.67% EMBRAER ADR 67.79 ▲ 4.40% JBS 13.52 ▲ 10.06% JBS BDR 68.81 ▲ 10.91% MBRF3 15.60 ▲ 5.12% MBRFY 3.02 ▲ 2.72% INTER 5.56 ▲ 5.01% IBOV 174,701.12 ▲ 0.38% IPSA 10,971.24 ▲ 0.19% IPC MEX 66,383.68 ▲ 0.21% MERVAL 3,291,997 ▲ 0.25% COLCAP 2,270.31 ▼ 0.19% BVL PERÚ 57,237.60 — — USD/BRL 5.11 ▲ 0.43% USD/MXN 17.45 ▼ 0.20% USD/CLP 941.01 ▼ 0.83% USD/COP 3,201 ▼ 0.50% USD/PEN 3.40 ▼ 0.15% USD/ARS 1,498 ▲ 0.10% USD/UYU 40.15 ▲ 0.03% USD/PYG 6,020 ▼ 0.02% USD/BOB 11.32 ▲ 1.25% USD/DOP 58.07 ▲ 0.14% USD/CRC 449.99 ▲ 0.18% USD/GTQ 7.62 ▼ 0.09% USD/HNL 26.75 ▲ 0.02% USD/NIO 36.62 — 0.00% USD/VES 740.37 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.98 ▼ 0.12% USD/TTD 6.75 ▲ 1.28% EUR/BRL 5.81 ▲ 0.39% BRENT 88.78 ▼ 8.27% WTI 82.63 ▼ 7.48% IRON ORE 161.91 — — COPPER 6.39 ▲ 1.04% GOLD 4,076 ▲ 0.20% SILVER 58.74 ▲ 0.14% SOY 1,214 ▼ 2.74% CORN 473.75 ▲ 2.05% WHEAT 662.25 ▼ 2.32% COFFEE 324.05 ▲ 3.27% SUGAR 14.56 ▼ 1.42% ORANGE JUICE 141.55 ▼ 0.14% COTTON 80.85 ▲ 2.93% COCOA 5,154 ▼ 4.13% BEEF 218.68 ▼ 3.70% CATTLE 331.08 ▼ 4.13% LITHIUM 68.14 ▲ 0.49% PETR4 41.09 ▼ 2.65% VALE3 75.18 ▼ 0.08% ITUB4 42.48 ▲ 0.90% BBDC4 18.69 ▲ 1.14% ABEV3 15.64 — 0.00% BBAS3 20.53 ▲ 0.88% B3SA3 15.71 ▲ 1.75% WEGE3 45.99 — 0.00% PRIO3 56.09 ▼ 4.64% SUZB3 41.78 ▼ 0.14% RENT3 37.35 ▲ 1.25% AZZA3 16.95 ▲ 1.80% CSAN3 3.89 ▲ 2.37% RAIZ4 0.25 ▼ 3.85% PCAR3 2.84 ▲ 1.79% GMAT3 3.85 ▲ 1.58% PSSA3 54.13 ▼ 1.19% CVCB3 1.36 ▲ 1.49% POSI3 3.60 ▲ 1.41% SLCE3 13.46 ▼ 1.32% NATU3 8.55 ▲ 2.03% BRKM5 6.14 ▲ 0.66% RANI3 7.98 ▲ 0.38% CSNA3 5.61 ▲ 4.66% CMIN3 5.75 ▲ 1.05% USIM5 8.54 ▲ 0.71% GGBR4 24.34 ▲ 0.33% ENEV3 25.42 ▲ 2.09% CPFE3 44.79 ▼ 0.67% CMIG4 11.13 ▲ 1.37% EQTL3 38.66 ▲ 0.83% LREN3 13.70 ▲ 3.24% VIVT3 36.07 ▲ 2.14% RAIL3 13.66 ▲ 0.66% KLABIN 17.67 ▲ 0.86% RAIA DROGASIL 18.14 ▲ 0.89% RDOR3 33.74 ▲ 1.08% HAPV3 10.33 ▲ 4.13% FLRY3 16.57 ▲ 1.91% SMTO3 14.82 ▼ 1.53% UGPA3 32.18 ▼ 1.62% VBBR3 34.48 ▼ 1.77% BBSE3 40.43 ▼ 2.55% BPAC11 55.64 ▲ 1.77% CURY3 30.38 ▲ 3.51% AERI3 2.04 — 0.00% VIVARA 21.94 ▲ 2.43% COMPASS 25.28 ▲ 2.10% VAMOS 3.17 ▲ 0.63% SANB11 27.07 ▲ 2.77% ASAI3 8.07 ▲ 2.80% SBSP3 28.69 ▲ 1.09% WALMEX 48.81 ▲ 1.52% GMEXICO 208.21 ▲ 0.45% FEMSA 228.78 ▲ 3.05% CEMEX 21.23 ▲ 0.43% GFNORTE 196.34 ▲ 2.12% BIMBO 59.31 ▲ 1.72% TELEVISA 9.94 ▲ 1.33% AMX 22.55 ▼ 1.14% GAP 379.00 ▲ 0.53% ASUR 272.06 ▲ 1.61% OMA 228.33 ▲ 0.97% KOF 188.10 ▲ 4.85% GRUMA 269.04 ▲ 0.43% KIMBER 39.77 ▲ 0.33% SQM-B 64,635 ▼ 1.09% COPEC 6,264 ▼ 1.05% BSANTANDER 81.05 ▲ 2.18% FALABELLA 6,129 ▲ 2.33% ENELAM 85.89 ▲ 0.47% CENCOSUD 1,957 ▼ 0.05% CMPC 1,035 ▲ 1.00% BANCO CHILE 194.48 ▲ 0.71% LATAM AIR 24.63 ▲ 3.14% YPF 81,250 ▼ 0.91% GGAL 7,990 ▲ 1.27% PAMPA 5,470 ▼ 0.82% TXAR 667.00 ▼ 1.04% ALUAR 975.00 ▲ 0.31% TGS 9,730 ▼ 0.36% CEPU 2,368 ▲ 0.13% MIRGOR 16,350 ▼ 1.06% COME 42.81 ▲ 0.94% LOMA NEGRA 3,685 ▲ 2.08% BYMA 300.50 — 0.00% TELECOM ARG 4,408 ▲ 0.63% ECOPETROL 15.77 ▼ 1.53% BANCOLOMBIA 87.56 ▲ 1.80% GRUPO AVAL 4.78 — 0.00% CREDICORP 389.63 ▲ 0.31% SOUTHERN COPPER 175.25 ▼ 2.25% BUENAVENTURA 31.37 ▲ 1.49% MERCADOLIBRE 1,833 ▲ 1.78% NUBANK 14.47 ▲ 2.66% XP 16.90 ▲ 1.23% PAGSEGURO 9.40 ▲ 2.12% STONE 10.98 ▲ 2.00% GLOBANT 33.38 ▲ 6.65% TECNOGLASS 45.21 ▼ 0.20% GAP AIRPORT 217.29 ▲ 0.46% ASUR 272.06 ▲ 1.61% OMA AIRPORT 104.75 ▲ 1.27% AMX ADR 25.81 ▼ 0.79% FEMSA ADR 131.30 ▲ 3.28% CEMEX ADR 12.14 ▲ 0.62% PETROBRAS ADR 18.12 ▼ 3.49% VALE ADR 14.69 ▼ 0.71% ITAU ADR 8.32 ▲ 0.43% SANTANDER BR 5.45 ▲ 2.83% AMBEV ADR 3.04 ▼ 0.82% CSN 1.11 ▲ 2.78% GERDAU 4.79 ▼ 0.52% LATAM ADR 52.26 ▲ 4.21% BTC 64,936 ▼ 0.62% ETH 1,941 ▼ 0.65% SOL 75.88 ▼ 0.94% XRP 1.09 ▼ 1.63% BNB 573.61 ▼ 0.16% ADA 0.16 ▼ 3.93% DOGE 0.07 ▼ 1.74% AVAX 6.58 ▼ 2.29% LINK 8.62 ▼ 2.15% DOT 0.79 ▼ 3.88% LTC 46.54 ▼ 2.62% BCH 215.64 ▼ 0.54% TRX 0.33 ▼ 1.12% XLM 0.18 ▼ 2.98% HBAR 0.07 ▼ 2.07% NEAR 1.77 ▼ 3.64% ATOM 1.36 ▼ 3.10% AAVE 99.53 ▼ 1.95% SELIC 14.25% EMBRAER 86.35 ▲ 4.67% EMBRAER ADR 67.79 ▲ 4.40% JBS 13.52 ▲ 10.06% JBS BDR 68.81 ▲ 10.91% MBRF3 15.60 ▲ 5.12% MBRFY 3.02 ▲ 2.72% INTER 5.56 ▲ 5.01%
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Presidential Race Goes Head-to-Head

By · October 12, 2010 · 3 min read

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By Sibel Tinar, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – The elections of October 3rd failed to name the next president of Brazil, with current president Lula’s designated successor and front-runner Dilma Rousseff unable to secure the required absolute majority of votes, calling for a run-off round between herself and José Serra at the end of the month.

With neither candidate securing an absolute majority of the votes in the first round, Dilma Rousseff and José Serra will go head to head on October 31st, photo by Agência Brasil.
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With seven of the nine presidential candidates out of the picture, most significantly Marina Silva, who came third with 19.3 percent of the votes, surprising even many of her supporters, the dynamic of the presidential race has shifted, and so have the campaign strategies of the remaining two candidates.

Even though early predictions indicate that Dilma, who secured 46.9 percent of the votes in the first round against Serra’s 32.6 percent, will emerge victorious from the run-off round on October 31st, the ultimate determining factor may be whether Marina Silva decides to throw her support behind one of the candidates.

The most recent public opinion poll conducted by Datafolha shows Dilma leading with 48 percent and Serra at 41 percent. Only taking the valid votes into account, voiding the nulo (invalid) votes and adding the branco (blank) votes, which are cast to show the voter’s approval for both candidates, to the leader’s total, the poll shows Dilma with 54 percent and Serra with 46 percent.

With the difference in voter support between the two candidates at less than ten percentage points, and considering the oscillating voter support for Dilma (which from July to August increased a massive 15 points and eventually decreased by ten points until election day), the current situation may yet be subject to a twist.

An endorsement by Marina Silva of PV, who secured 19.3 percent of the votes in the first round, might be the determining factor as to who becomes the next president of Brazil, photo by Marcello Casal Jr/ABr.

Securing Marina Silva’s endorsement is the primary concern for the candidates, and getting the votes of even half her supporters might mean a surprise win for the underdog Serra, should the other half opt to vote nulo or branco.

Thus both candidates have been adjusting their strategies in order to appeal to Marina Silva of Partido Verde (PV, Green Party), by placing a special emphasis on environmental consciousness, as well as the causes and ideologies that the PV espouses.

So far neither the party nor Silva have declared an endorsement or a favorable inclination towards either candidate, and the PV leader of the Câmara dos Deputados (Chamber of Deputies) Edson Duarte has defended the importance of the voters’ own judgment. “Our nearly twenty million voters should assess who has the qualifications to take over and run the project”, he said, also voicing his desire to see both Dilma and Serra “adopting the PV’s commitment to Brazil”.

Marina Silva, on the other hand, has recently announced that she is willing to negotiate support for Dilma or Serra going into the run-off round, depending on the candidates’ adherence to the ten topics included in a document she released.

Beginning with the requirement of not restraining the media under any circumstances, the document, subdivided into 42 demands, includes the conditions of transparency and ethics, electoral reform, education, public safety, climate change, energy and infrastructure, social security, health care, social assistance and welfare, protection of biomes, public expenditure reform, foreign policy, and strengthening of cultural and social diversity.

Making it clear that adherence to these principals will only be one factor in their decision, Marina Silva will convene the party leadership on October 17th and hold a convention in order to determine whether she chooses to endorse a candidate, or prefers to remain neutral.

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