# Brazilian markets rally after Bolsonaro leads in presidential vote

> Brazilian stock market jumps 7% as Bolsonaro leads in presidential first round.
- Title: Brazilian markets rally after Bolsonaro leads in presidential…
- Summary: Brazilian stock market jumps 7% as Bolsonaro leads in presidential first round. Brazilian markets rose 7% after right-wing candidate Flavio Bolsonaro led in…
- Keywords: brazil, bolsonaro, presidential election, ibovespa, fiscal policy, partido liberal, news, Brazilian, markets, rally, leads, presidential
- Source: Brazil Reports — https://brazilreports.com/brazilian-markets-rally-after-right-wing-flavio-bolsonaro-leads-in-presidential-first-round/7408
- Author: Ignacio Gutierrez
- Published: 2026-10-07T20:19:31+00:00
- Read time: 1 min
- Topics: brazil, bolsonaro, presidential election, ibovespa, fiscal policy, partido liberal, news
## Brazilian markets rally
Brazilian markets surged 5% as right-wing candidate Flavio Bolsonaro led in presidential first round.
## PL wins legislative seats
Partido Liberal won 19 Senate seats and 121 Chamber of Deputies seats, creating largest bloc in both houses.
## Market reaction signals hope
Markets reacted positively to fiscal austerity and de-regulation commitments from Bolsonaro's campaign.
## Monica De Bolle's warning
Monica De Bolle warns PL may need to spend to stay in power, not slash spending.

> No fiscal adjustment is going to happen
## PL's fiscal plan limited
PL's spending rule covers only 10% of federal budget, no primary surplus targets.
## Lula's fiscal approach
Lula maintains 2023 fiscal framework with no revisions to social programs.
## Key takeaway

Brazilian markets rose 7% after right-wing candidate Flavio Bolsonaro led in presidential first round.