Brazil's far-right senator Flávio Bolsonaro secured first-round victory in presidential election, edging out leftist incumbent Lula da Silva, with 47% of votes, as markets rally on hopes of pro-business agenda.
Flávio's win, along with sweeping far-right gains in Congress, marks rise of Bolsonaro family in politics, with wife Michelle, son Carlos, and brother Renato all elected, signaling deepening political influence.
Market reaction reflects optimism over potential shift in governance, with Bovespa hitting record high and Brazilian debt yields falling, as analysts note possible easing of fiscal pressures under new administration.
Doubts remain over U.S. influence in election, with Trump's closeness to Bolsonaro and concerns over foreign interference casting shadow over outcome, despite Bolsonaro's family's growing political power.