🇧🇷 Brazilian President Luiz Inácio Lula da Silva has reportedly defeated Flávio Bolsonaro in the presidential runoff, securing a fourth term in office. According to the reports, Lula overcame a first-round defeat to win the runoff, a result described as unprecedented in Brazil’s modern democratic history. Before the election, market-implied odds of a Lula victory had reportedly fallen as low as 10%. Financial markets are reportedly reacting sharply. MercadoLibre $MELI is down 6% in early trading, while the Brazil ETF $EWZ has reportedly plunged nearly 20% in overnight trading. These election claims and market movements remain unverified. #Brazil #Elections #EmergingMarkets