IBOV 174,421.63 ▲ 0.31% IPSA 10,935.89 ▲ 0.52% IPC MEX 66,475.94 ▼ 1.23% MERVAL 3,297,051 ▲ 1.98% COLCAP 2,311.69 ▲ 0.30% BVL PERÚ 57,107.38 — — USD/BRL5.07▼ 0.96% USD/MXN17.36▼ 0.45% USD/CLP923.80▼ 1.05% USD/COP3,135▼ 2.36% USD/PEN3.39▼ 0.51% USD/ARS1,492▼ 0.27% USD/UYU40.22▲ 1.47% USD/PYG5,941▲ 0.68% USD/BOB11.80▲ 5.19% USD/DOP57.95▲ 0.09% USD/CRC449.30▲ 1.51% USD/GTQ7.63▲ 2.33% USD/HNL26.76▲ 0.31% USD/NIO36.62▼ 0.15% USD/VES743.77▲ 0.25% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.39▲ 0.40% USD/TTD6.75▲ 1.19% EUR/BRL5.83▼ 0.21% BRENT 89.89 ▼ 0.94% WTI 84.11 ▼ 0.41% IRON ORE 161.91 — — COPPER 6.47 ▲ 3.15% GOLD 4,172 ▲ 3.39% SILVER 58.66 ▲ 1.38% SOY 1,195 ▲ 1.40% CORN 474.00 ▲ 5.57% WHEAT 673.00 ▲ 1.85% COFFEE 324.35 ▼ 0.45% SUGAR 14.51 ▲ 0.07% ORANGE JUICE 135.35 ▼ 1.88% COTTON 80.67 ▲ 3.40% COCOA 5,126 ▼ 1.14% BEEF 224.23 ▼ 1.61% CATTLE 336.68 ▼ 2.21% LITHIUM 69.18 ▲ 3.66% PETR4 42.11 ▲ 0.26% VALE3 75.20 ▲ 0.20% ITUB4 42.40 ▲ 1.39% BBDC4 18.17 ▼ 0.98% ABEV3 15.45 ▼ 2.83% BBAS3 20.92 ▲ 0.67% B3SA3 15.47 ▲ 0.98% WEGE3 46.58 ▲ 2.06% PRIO3 58.62 ▲ 0.36% SUZB3 42.31 ▲ 0.02% RENT3 38.02 ▲ 1.55% AZZA3 16.19 ▲ 0.25% CSAN3 3.96 ▲ 1.80% RAIZ4 0.25 ▼ 3.85% PCAR3 2.81 — 0.00% GMAT3 3.96 ▲ 1.80% PSSA3 54.20 ▲ 0.72% CVCB3 1.30 ▲ 1.56% POSI3 3.52 ▼ 0.85% SLCE3 13.20 ▲ 0.84% NATU3 8.31 ▲ 0.48% BRKM5 5.81 ▲ 1.57% RANI3 7.96 — 0.00% CSNA3 5.16 ▼ 0.77% CMIN3 5.98 — 0.00% USIM5 7.96 ▼ 4.33% GGBR4 24.99 ▲ 0.81% ENEV3 26.12 ▲ 0.97% CPFE3 45.51 ▲ 1.61% CMIG4 11.19 ▲ 1.73% EQTL3 38.37 ▲ 1.45% LREN3 13.47 ▲ 0.82% VIVT3 32.80 ▲ 0.80% RAIL3 13.99 ▲ 0.29% KLABIN 18.04 ▲ 0.11% RAIA DROGASIL 18.01 ▲ 1.41% RDOR3 34.59 ▲ 2.19% HAPV3 10.75 ▲ 1.90% FLRY3 16.94 ▲ 0.65% SMTO3 14.21 ▼ 0.42% UGPA3 32.38 ▲ 1.19% VBBR3 35.17 ▲ 1.65% BBSE3 41.29 ▲ 0.90% BPAC11 55.71 ▲ 1.92% CURY3 29.85 ▲ 3.47% AERI3 2.13 ▲ 0.95% VIVARA 22.42 ▲ 0.31% COMPASS 24.48 ▲ 1.12% VAMOS 3.37 ▲ 1.81% SANB11 25.45 ▼ 0.70% ASAI3 8.39 ▲ 1.08% SBSP3 27.16 ▲ 2.07% WALMEX 49.42 ▼ 0.08% GMEXICO 212.03 ▲ 2.54% FEMSA 213.63 ▲ 0.70% CEMEX 20.96 ▲ 1.80% GFNORTE 202.11 ▲ 2.75% BIMBO 59.72 ▼ 0.27% TELEVISA 9.89 ▲ 0.30% AMX 22.02 ▲ 0.87% GAP 383.25 ▲ 1.10% ASUR 278.04 ▲ 2.23% OMA 234.34 ▲ 0.72% KOF 187.24 ▲ 0.22% GRUMA 266.98 ▼ 0.10% KIMBER 40.42 ▼ 0.05% SQM-B 63,000 ▼ 1.25% COPEC 6,280 ▲ 1.45% BSANTANDER 81.49 ▲ 1.56% FALABELLA 6,226 ▲ 0.15% ENELAM 87.20 ▲ 0.59% CENCOSUD 1,938 ▲ 0.99% CMPC 1,042 ▲ 0.71% BANCO CHILE 194.50 ▲ 1.83% LATAM AIR 24.69 ▲ 1.19% YPF 81,050 ▲ 1.60% GGAL 8,020 ▲ 2.89% PAMPA 5,480 ▲ 2.05% TXAR 652.00 ▼ 0.91% ALUAR 965.50 ▼ 0.77% TGS 9,835 ▲ 3.42% CEPU 2,397 ▲ 4.63% MIRGOR 16,500 ▼ 0.30% COME 43.75 ▲ 2.60% LOMA NEGRA 3,698 ▲ 0.68% BYMA 300.25 ▲ 0.76% TELECOM ARG 4,385 ▲ 2.21% ECOPETROL 16.55 ▲ 0.91% BANCOLOMBIA 92.52 ▲ 3.41% GRUPO AVAL 5.06 ▲ 3.27% CREDICORP 400.74 ▲ 4.38% SOUTHERN COPPER 183.32 ▲ 4.47% BUENAVENTURA 31.35 ▲ 3.72% MERCADOLIBRE 1,840 ▼ 1.25% NUBANK 14.17 ▲ 0.93% XP 16.83 ▲ 3.16% PAGSEGURO 9.60 ▲ 0.63% STONE 11.01 ▲ 0.41% GLOBANT 35.52 ▼ 6.91% TECNOGLASS 44.40 ▼ 1.07% GAP AIRPORT 219.93 ▲ 1.36% ASUR 278.04 ▲ 2.23% OMA AIRPORT 108.09 ▲ 1.61% AMX ADR 25.37 ▲ 2.01% FEMSA ADR 123.13 ▲ 1.71% CEMEX ADR 12.02 ▲ 2.69% PETROBRAS ADR 18.76 ▲ 0.91% VALE ADR 14.79 ▲ 0.96% ITAU ADR 8.36 ▲ 2.52% SANTANDER BR 5.03 ▼ 1.47% AMBEV ADR 3.02 ▼ 2.58% CSN 1.04 ▲ 0.97% GERDAU 4.95 ▲ 1.75% LATAM ADR 53.51 ▲ 2.81% BTC 64,676 ▲ 1.20% ETH 1,916 ▲ 0.39% SOL 74.57 ▲ 1.32% XRP 1.09 ▲ 1.29% BNB 587.60 ▲ 2.83% ADA 0.17 ▲ 6.72% DOGE 0.07 ▲ 0.57% AVAX 6.49 ▲ 1.08% LINK 8.49 ▲ 1.96% DOT 0.77 ▲ 1.09% LTC 45.29 ▼ 0.27% BCH 219.19 ▲ 3.81% TRX 0.33 ▲ 0.90% XLM 0.17 ▲ 0.24% HBAR 0.07 ▲ 0.47% NEAR 1.65 ▲ 1.86% ATOM 1.30 ▲ 1.31% AAVE 98.73 ▲ 2.79% SELIC 14.25% EMBRAER 85.61 ▼ 0.56% EMBRAER ADR 67.32 ▼ 0.50% JBS 14.11 ▼ 0.88% JBS BDR 71.53 ▼ 1.17% MBRF3 17.23 ▲ 3.42% MBRFY 3.33 ▲ 4.72% INTER 5.47 ▲ 1.11% IBOV 174,421.63 ▲ 0.31% IPSA 10,935.89 ▲ 0.52% IPC MEX 66,475.94 ▼ 1.23% MERVAL 3,297,051 ▲ 1.98% COLCAP 2,311.69 ▲ 0.30% BVL PERÚ 57,107.38 — — USD/BRL 5.07 ▼ 0.96% USD/MXN 17.36 ▼ 0.45% USD/CLP 923.80 ▼ 1.05% USD/COP 3,135 ▼ 2.36% USD/PEN 3.39 ▼ 0.51% USD/ARS 1,492 ▼ 0.27% USD/UYU 40.22 ▲ 1.47% USD/PYG 5,941 ▲ 0.68% USD/BOB 11.80 ▲ 5.19% USD/DOP 57.95 ▲ 0.09% USD/CRC 449.30 ▲ 1.51% USD/GTQ 7.63 ▲ 2.33% USD/HNL 26.76 ▲ 0.31% USD/NIO 36.62 ▼ 0.15% USD/VES 743.77 ▲ 0.25% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.39 ▲ 0.40% USD/TTD 6.75 ▲ 1.19% EUR/BRL 5.83 ▼ 0.22% BRENT 89.89 ▼ 0.94% WTI 84.11 ▼ 0.41% IRON ORE 161.91 — — COPPER 6.47 ▲ 3.15% GOLD 4,172 ▲ 3.39% SILVER 58.66 ▲ 1.38% SOY 1,195 ▲ 1.40% CORN 474.00 ▲ 5.57% WHEAT 673.00 ▲ 1.85% COFFEE 324.35 ▼ 0.45% SUGAR 14.51 ▲ 0.07% ORANGE JUICE 135.35 ▼ 1.88% COTTON 80.67 ▲ 3.40% COCOA 5,126 ▼ 1.14% BEEF 224.23 ▼ 1.61% CATTLE 336.68 ▼ 2.21% LITHIUM 69.18 ▲ 3.66% PETR4 42.11 ▲ 0.26% VALE3 75.20 ▲ 0.20% ITUB4 42.40 ▲ 1.39% BBDC4 18.17 ▼ 0.98% ABEV3 15.45 ▼ 2.83% BBAS3 20.92 ▲ 0.67% B3SA3 15.47 ▲ 0.98% WEGE3 46.58 ▲ 2.06% PRIO3 58.62 ▲ 0.36% SUZB3 42.31 ▲ 0.02% RENT3 38.02 ▲ 1.55% AZZA3 16.19 ▲ 0.25% CSAN3 3.96 ▲ 1.80% RAIZ4 0.25 ▼ 3.85% PCAR3 2.81 — 0.00% GMAT3 3.96 ▲ 1.80% PSSA3 54.20 ▲ 0.72% CVCB3 1.30 ▲ 1.56% POSI3 3.52 ▼ 0.85% SLCE3 13.20 ▲ 0.84% NATU3 8.31 ▲ 0.48% BRKM5 5.81 ▲ 1.57% RANI3 7.96 — 0.00% CSNA3 5.16 ▼ 0.77% CMIN3 5.98 — 0.00% USIM5 7.96 ▼ 4.33% GGBR4 24.99 ▲ 0.81% ENEV3 26.12 ▲ 0.97% CPFE3 45.51 ▲ 1.61% CMIG4 11.19 ▲ 1.73% EQTL3 38.37 ▲ 1.45% LREN3 13.47 ▲ 0.82% VIVT3 32.80 ▲ 0.80% RAIL3 13.99 ▲ 0.29% KLABIN 18.04 ▲ 0.11% RAIA DROGASIL 18.01 ▲ 1.41% RDOR3 34.59 ▲ 2.19% HAPV3 10.75 ▲ 1.90% FLRY3 16.94 ▲ 0.65% SMTO3 14.21 ▼ 0.42% UGPA3 32.38 ▲ 1.19% VBBR3 35.17 ▲ 1.65% BBSE3 41.29 ▲ 0.90% BPAC11 55.71 ▲ 1.92% CURY3 29.85 ▲ 3.47% AERI3 2.13 ▲ 0.95% VIVARA 22.42 ▲ 0.31% COMPASS 24.48 ▲ 1.12% VAMOS 3.37 ▲ 1.81% SANB11 25.45 ▼ 0.70% ASAI3 8.39 ▲ 1.08% SBSP3 27.16 ▲ 2.07% WALMEX 49.42 ▼ 0.08% GMEXICO 212.03 ▲ 2.54% FEMSA 213.63 ▲ 0.70% CEMEX 20.96 ▲ 1.80% GFNORTE 202.11 ▲ 2.75% BIMBO 59.72 ▼ 0.27% TELEVISA 9.89 ▲ 0.30% AMX 22.02 ▲ 0.87% GAP 383.25 ▲ 1.10% ASUR 278.04 ▲ 2.23% OMA 234.34 ▲ 0.72% KOF 187.24 ▲ 0.22% GRUMA 266.98 ▼ 0.10% KIMBER 40.42 ▼ 0.05% SQM-B 63,000 ▼ 1.25% COPEC 6,280 ▲ 1.45% BSANTANDER 81.49 ▲ 1.56% FALABELLA 6,226 ▲ 0.15% ENELAM 87.20 ▲ 0.59% CENCOSUD 1,938 ▲ 0.99% CMPC 1,042 ▲ 0.71% BANCO CHILE 194.50 ▲ 1.83% LATAM AIR 24.69 ▲ 1.19% YPF 81,050 ▲ 1.60% GGAL 8,020 ▲ 2.89% PAMPA 5,480 ▲ 2.05% TXAR 652.00 ▼ 0.91% ALUAR 965.50 ▼ 0.77% TGS 9,835 ▲ 3.42% CEPU 2,397 ▲ 4.63% MIRGOR 16,500 ▼ 0.30% COME 43.75 ▲ 2.60% LOMA NEGRA 3,698 ▲ 0.68% BYMA 300.25 ▲ 0.76% TELECOM ARG 4,385 ▲ 2.21% ECOPETROL 16.55 ▲ 0.91% BANCOLOMBIA 92.52 ▲ 3.41% GRUPO AVAL 5.06 ▲ 3.27% CREDICORP 400.74 ▲ 4.38% SOUTHERN COPPER 183.32 ▲ 4.47% BUENAVENTURA 31.35 ▲ 3.72% MERCADOLIBRE 1,840 ▼ 1.25% NUBANK 14.17 ▲ 0.93% XP 16.83 ▲ 3.16% PAGSEGURO 9.60 ▲ 0.63% STONE 11.01 ▲ 0.41% GLOBANT 35.52 ▼ 6.91% TECNOGLASS 44.40 ▼ 1.07% GAP AIRPORT 219.93 ▲ 1.36% ASUR 278.04 ▲ 2.23% OMA AIRPORT 108.09 ▲ 1.61% AMX ADR 25.37 ▲ 2.01% FEMSA ADR 123.13 ▲ 1.71% CEMEX ADR 12.02 ▲ 2.69% PETROBRAS ADR 18.76 ▲ 0.91% VALE 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Bolsonaro’s PL Dominates Brazil’s Municipal Elections as Lula’s PT Struggles

By · October 7, 2024 · 2 min read

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The 2024 Brazilian municipal elections have revealed a significant shift in the political landscape. The Liberal Party (PL), associated with former President Jair Bolsonaro, has emerged as the dominant force in major cities.

PL candidates secured victories in 10 municipalities with over 200,000 voters during the first round of voting. This marks the party’s best performance in large cities since at least 2000.

In contrast, the Workers’ Party (PT) of current President Luiz Inácio Lula da Silva struggled to make an impact. PT candidates won only two mayoral races in the largest cities during the first round.

This outcome mirrors the party’s poor performance in 2016 when it secured just one victory in major municipalities.

Bolsonaro'a PL Dominates Brazil's Municipal Elections as Lula's PT Struggles. (Photo Internet reproduction)
Bolsonaro’s PL Dominates Brazil’s Municipal Elections as Lula’s PT Struggles. (Photo Internet reproduction)
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The União Brasil party (center) claimed the second spot, winning eight mayoral races in large cities. The Progressive Party (center-right) followed closely with seven victories. These results indicate a significant shift in voter preferences compared to previous elections.

PL’s success extends beyond the first round. The party has 23 candidates advancing to the second round in major cities. This presents an opportunity for PL to further expand its influence in Brazil’s urban centers.

PT’s performance fell short of expectations, especially considering Lula’s position as president. The party will compete in 13 second-round races in large cities.

However, even if PT wins all these contests, its total of 15 major city halls would still lag behind its peak of 28 in 2008.

Bolsonaro’s PL Dominates Brazil’s Municipal Elections as Lula’s PT Struggles

The election results in Brazil’s 103 largest cities carry significant weight. These municipalities represent 38.8% of the country’s electorate.

The outcomes in these urban centers often indicate broader political trends and can influence future national elections.

In total, 52 cities will hold second-round elections on October 27. This includes 15 state capitals where no candidate secured an outright majority in the first round.

São Paulo, Brazil’s largest city, will see a runoff between incumbent Mayor Ricardo Nunes and challenger Guilherme Boulos.

The PL’s strong showing and PT’s struggles reflect changing dynamics in Brazilian politics. PL’s rise coincides with Bolsonaro’s affiliation with the party in 2021. Meanwhile, PT has yet to regain the dominance it enjoyed in the early 2000s.

These municipal election results may foreshadow the political landscape for Brazil’s 2026 presidential election. They demonstrate the enduring influence of Bolsonaro’s political movement, despite his loss in the 2022 presidential race.

As the second round approaches, parties will intensify their campaigns in the remaining contested cities. The final outcomes will further shape Brazil’s political future and the balance of power among its major parties.

Bolsonaro’a PL Dominates Brazil’s Municipal Elections as Lula’s PT Struggles

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