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Brazil votes in tight runoff between Lula and Bolsonaro

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Core Development: Brazil votes in tight runoff between Lula and Bolsonaro
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Market & Financial Impact: Brazilians voted in a tight runoff that could move the nation sharply right, bringing it closer to the U.S. amid a broader conservative shift across the region.
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Brazilians voted Sunday in a tight runoff that could move Latin America's largest nation sharply rightward, bringing it closer to the United States amid a broader conservative shift across the region.

The runoff pits leftist President Luiz Inacio Lula da Silva against right-wing Senator Flavio Bolsonaro, the son of convicted former President Jair Bolsonaro. Flavio scored a major upset at the start of the month, defying pollsters to lead in the first round.

A 45-vote victory for Bolsonaro would extend a wave of right-wing wins for Latin American candidates friendly to U.S. President Donald Trump, while a fourth mandate for Lula would disappoint Washington, which has clashed with his government over trade and security.

Reuters on Saturday revealed a campaign within Trump's State Department to help get the Bolsonaros back in power.

Trump has so far declined to endorse a candidate. Asked on Sunday who he hoped would win, Trump declined to say.

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Official Publisher Attribution: This report is aggregated from CNBC. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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