IBOV 165,528.92 ▼ 1.42% IPC MEX 70,184.33 ▲ 0.58% MERVAL 2,848,945 — — USD/BRL5.47▼ 0.34% USD/MXN18.64▼ 1.01% USD/CLP971.16▼ 1.02% USD/COP3,242▲ 0.50% USD/PEN3.45▼ 0.41% USD/ARS1,551▼ 0.02% USD/UYU40.19▲ 3.20% USD/PYG5,936▲ 3.60% USD/BOB12.05▲ 2.55% USD/DOP59.77▼ 0.38% USD/CRC449.50▲ 2.08% USD/GTQ7.64▲ 3.13% USD/HNL26.88▲ 3.25% USD/NIO36.62▲ 2.78% USD/VES890.98▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59▲ 2.40% USD/TTD6.69▲ 2.14% EUR/BRL6.16▲ 1.37% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99% IBOV 165,528.92 ▼ 1.42% IPC MEX 70,184.33 ▲ 0.58% MERVAL 2,848,945 — — USD/BRL 5.34 ▼ 1.32% USD/MXN 18.69 ▲ 0.62% USD/CLP 983.47 ▼ 0.57% USD/COP 3,149 ▲ 3.06% USD/PEN 3.45 ▲ 0.17% USD/ARS 1,537 ▼ 0.28% USD/UYU 40.21 ▲ 3.57% USD/PYG 5,803 ▲ 3.78% USD/BOB 11.97 ▲ 4.93% USD/DOP 60.54 ▲ 1.83% USD/CRC 451.24 ▲ 2.13% USD/GTQ 7.64 ▲ 3.23% USD/HNL 26.87 ▲ 3.37% USD/NIO 36.62 ▲ 2.81% USD/VES 885.08 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 2.63% USD/TTD 6.71 ▲ 2.07% EUR/BRL 5.95 ▲ 7.53% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99%
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Wednesday, November 4, 2026

Brazil Latin America

The Big Read: Brazil, Tuesday 27 October

By · October 27, 2026 · 5 min read
The curved glass facade of the Superior Electoral Court (TSE) headquarters in Brasilia, Brazil, with flags reflected in the windows and a white dome in the foreground
The Superior Electoral Court (TSE) headquarters in Brasília, which ordered Meta to treat both runoff campaigns equally (file photo; Photo: O Tribunal da Democracia, public domain, via Wikimedia Commons)
The Big Read · Brazil · Tuesday 27 October 2026

Key Facts

  • The result. Lula, Brazil’s left-wing president, won Sunday’s runoff with 51.79%, beating conservative senator Flávio Bolsonaro by 4.4 million votes.
  • US vote. Brazilians registered in the US backed Flávio Bolsonaro with 62.65%, the reverse of the national result.
  • Washington. Trump said the election “looked like another rigged election” but offered no evidence.
  • The dispute. Flávio Bolsonaro has spoken of seeking annulment in court; we found no court ruling in his favour.
  • Next. The electoral court certifies Lula by 18 December; he takes office on 5 January 2027.
  • Power Index. Brazil ranks 1st of 14 in The Rio Times Latin America Power Index, with 75.0 points (October 2026 edition).

Brazil re-elected Lula on Sunday, yet the loser, Flávio Bolsonaro, refuses to concede and Trump called the election “rigged”.

In Plain English

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  • Lula: Luiz Inácio Lula da Silva, Brazil’s left-wing president, elected to a fourth term.
  • Flávio Bolsonaro: A conservative senator and son of former president Jair Bolsonaro, who lost the runoff.
  • TSE: The Superior Electoral Court, the authority that counts Brazil’s votes and announces results.
  • Diplomação: The formal certification of the winner by the TSE, due by 18 December.

Lula Wins a Fourth Term

Brazil’s Superior Electoral Court announced on Sunday night that Luiz Inácio Lula da Silva had won the presidential runoff with 51.79% of valid votes. He beat Senator Flávio Bolsonaro, the conservative son of former president Jair Bolsonaro, who took 48.21%, by about 4.4 million votes.

Lula received 64,256,232 votes against 59,826,041. In his victory speech he said Brazil would not accept being “anyone’s backyard”.

Flávio had led the first round on 4 October by 1.87 percentage points. About 19.2% of registered voters stayed home in the runoff.

The TSE’s formal certification of the winner, called diplomação, is due by 18 December. Lula is due to be sworn in on 5 January 2027.

The modern white-columned Palacio do Planalto in Brasília with a glass facade, a manicured lawn and a deep blue sky
The Palácio do Planalto in Brasília, the Brazilian presidential offices, pictured in 2020 (file photo; it does not show this week’s events). Photo: Senado Federal / Wikimedia Commons (CC BY 2.0)

What Trump Said About the Result

US President Donald Trump said the election “looked like another rigged election” and called the voting extension “very strange”. He offered no evidence of irregularities.

As of Monday morning we found no congratulation to Lula from the White House or the State Department. US Senator Bernie Sanders congratulated him on social media.

Why Brazilians in the US Voted the Other Way

Brazilians registered to vote in the United States backed Flávio by 62.65% to Lula’s 37.35%. The count covered 11 US voting locations.

Flávio won 53,718 votes there and Lula 32,023, a gap of 21,695. Nationally Lula won by about 3.6 percentage points.

Flávio’s best result was Orlando with 81.01%, followed by Miami with 76.64% and Boston with 71.58%. Lula won San Francisco with 65.18%, Chicago with 63.84%, Washington with 57.56%, Los Angeles with 55.03% and New York with 52.40%.

Turnout rose to 87,407 voters from 75,389 in the first round. Even so, 67.02% of the 265,047 registered voters in the US did not vote.

Can Flávio Bolsonaro Overturn It?

Flávio refused to concede and has spoken of seeking annulment of the election in court. He objects to a decision by Supreme Court Justice Cristiano Zanin to keep polling places open two extra hours.

Both campaigns had asked for more voting time: Lula’s side nationwide, Flávio’s side in 17 towns. Kassio Nunes Marques, who heads the electoral court (TSE) and sits on the Supreme Court, says the extension changed nothing in the count.

To cancel a presidential vote, a court would need to find an illegality that changed who won. That is a very high bar.

Flávio’s conservative Liberal Party later recognised the result in a statement signed by its president, Valdemar Costa Neto, while saying some issues needed to be clarified.

What Links These Stories

The common thread is the gap between the official count and the political reaction to it. Lula won clearly, yet the loser refuses to concede and the US president questioned the outcome.

That gap is the first test of Lula’s new term: a divided country and a lower house where Flávio’s Liberal Party holds the largest bench, 121 of 513 seats.

The reports behind this Big Read

All of today’s Brazil news →

What It Means for US Readers

For US exporters and investors, Lula’s win means continuity in Brasília, and Washington’s reaction is the next signal to watch. For Brazilians living in the US, the vote showed how divided that community is.

Flávio won six of the 11 US voting locations and Lula five, including New York and Los Angeles.

What to Watch Next

Watch whether the White House or State Department formally recognises Lula’s win, and whether Flávio files his promised annulment request before certification on 18 December. Lula is due to be sworn in on 5 January 2027.

What Is Not Known

Whether Flávio Bolsonaro will file an annulment request, and on what legal grounds, is not yet clear. No court has accepted one.

Whether the White House will formally recognise the result is not known.

Sources

Superior Electoral Court (TSE) · The Rio Times · The Rio Times · The Rio Times · The Rio Times

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

Frequently Asked Questions

Did Trump question Lula’s win?

Yes. He said the election “looked like another rigged election” and offered no evidence of irregularities.

Can Flávio Bolsonaro overturn the election?

No court has accepted his challenge. Cancelling a presidential vote requires an illegality that changed who won, a very high bar.

Why did Brazilians in the US vote differently?

Flávio won six of 11 US voting locations, led by Orlando and Miami, with 62.65% overall. Lula won five, including San Francisco, Chicago and New York.

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Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

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