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Monday, October 26, 2026Updated 15:09 UTC

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Brazil’s markets tumble as investors bet Lula will add to fiscal pain

Source: Financial Times · Oct 26, 2026 13:02 UTC

Wall Street in New York's Financial District with flags hanging from buildings — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

Investors had been positioned for victory by rightwing Bolsonaro, seen as more willing to tackle budget deficit

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