IBOV 176,010.90 ▼ 0.36% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,409.65 ▼ 0.18% MERVAL 3,291,246 — 0.00% COLCAP 2,292.03 ▼ 0.29% BVL PERÚ 57,174.37 — — USD/BRL5.10▲ 0.38% USD/MXN17.45▲ 0.34% USD/CLP925.20▼ 0.09% USD/COP3,216▼ 1.35% USD/PEN3.38▲ 0.05% USD/ARS1,475▼ 0.05% USD/UYU40.18▲ 1.21% USD/PYG6,030▲ 1.35% USD/BOB10.63▲ 3.73% USD/DOP58.14▼ 0.19% USD/CRC447.87▲ 1.07% USD/GTQ7.62▲ 2.25% USD/HNL26.73▲ 0.09% USD/NIO36.62▲ 0.34% USD/VES725.63▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.31% USD/TTD6.75▲ 1.34% EUR/BRL5.84▲ 0.53% BRENT 85.77 ▲ 0.97% WTI 80.57 ▲ 1.22% IRON ORE 161.91 — — COPPER 6.38 ▲ 1.34% GOLD 4,026 ▼ 0.45% SILVER 56.76 ▼ 0.62% SOY 1,200 ▼ 0.19% CORN 468.75 ▲ 4.75% WHEAT 677.75 ▲ 0.04% COFFEE 322.05 ▼ 3.71% SUGAR 14.45 ▼ 2.69% ORANGE JUICE 138.40 ▼ 0.32% COTTON 79.83 ▼ 0.91% COCOA 5,568 ▼ 2.95% BEEF 226.00 ▼ 2.34% CATTLE 349.95 ▲ 0.33% LITHIUM 71.06 ▼ 0.73% PETR4 40.59 ▼ 0.17% VALE3 74.51 ▲ 0.68% ITUB4 43.14 ▼ 1.12% BBDC4 18.60 ▼ 0.16% ABEV3 15.57 ▼ 1.52% BBAS3 20.55 ▼ 0.19% B3SA3 15.69 ▲ 2.35% WEGE3 44.26 ▲ 0.14% PRIO3 57.50 ▼ 0.12% SUZB3 41.48 ▲ 0.90% RENT3 40.35 ▼ 0.47% AZZA3 18.66 ▼ 1.01% CSAN3 3.93 ▲ 1.03% RAIZ4 0.29 ▼ 6.45% PCAR3 2.62 ▲ 6.94% GMAT3 3.98 ▲ 0.51% PSSA3 55.22 ▲ 1.71% CVCB3 1.34 ▼ 2.90% POSI3 3.95 ▼ 1.00% SLCE3 13.50 ▼ 2.24% NATU3 8.67 ▲ 1.40% BRKM5 6.41 ▼ 6.15% RANI3 7.98 ▼ 0.37% CSNA3 5.24 ▲ 0.77% CMIN3 5.24 ▲ 2.75% USIM5 8.20 ▼ 0.36% GGBR4 24.20 ▲ 3.77% ENEV3 26.95 ▼ 0.81% CPFE3 46.83 ▼ 0.78% CMIG4 11.15 ▼ 0.45% EQTL3 40.33 ▼ 1.51% LREN3 14.10 ▼ 1.33% VIVT3 35.47 ▼ 0.14% RAIL3 14.07 ▼ 0.42% KLABIN 17.39 ▲ 0.40% RAIA DROGASIL 18.67 ▲ 0.38% RDOR3 36.01 ▼ 0.11% HAPV3 10.99 ▼ 1.79% FLRY3 16.51 ▲ 0.61% SMTO3 15.53 ▼ 3.66% UGPA3 31.10 ▲ 3.29% VBBR3 33.75 ▲ 1.35% BBSE3 40.71 ▲ 0.79% BPAC11 57.04 ▼ 1.57% CURY3 32.73 ▼ 2.56% AERI3 2.02 ▼ 2.42% VIVARA 23.52 ▲ 0.38% COMPASS 25.11 ▼ 0.36% VAMOS 3.12 ▼ 0.95% SANB11 27.00 ▼ 1.24% ASAI3 8.66 — 0.00% SBSP3 29.98 ▼ 1.19% WALMEX 49.61 ▲ 0.69% GMEXICO 200.02 ▲ 0.23% FEMSA 223.27 ▼ 2.64% CEMEX 22.64 ▲ 1.98% GFNORTE 183.98 ▼ 1.19% BIMBO 57.50 ▲ 2.02% TELEVISA 9.60 ▲ 0.73% AMX 22.80 ▼ 0.22% GAP 398.24 ▲ 0.75% ASUR 283.46 ▲ 2.85% OMA 234.61 ▼ 0.17% KOF 177.25 ▼ 1.47% GRUMA 280.76 ▲ 0.49% KIMBER 38.73 ▲ 0.75% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 78,550 ▲ 1.00% GGAL 8,205 ▲ 3.73% PAMPA 5,240 ▲ 0.19% TXAR 668.00 ▲ 0.91% ALUAR 959.50 ▲ 1.11% TGS 9,750 ▲ 0.41% CEPU 2,344 ▲ 0.73% MIRGOR 16,975 ▲ 1.34% COME 45.63 ▼ 0.26% LOMA NEGRA 3,615 ▲ 2.34% BYMA 304.25 ▲ 1.08% TELECOM ARG 4,315 ▼ 0.40% ECOPETROL 15.98 ▼ 1.11% BANCOLOMBIA 81.55 ▼ 0.67% GRUPO AVAL 5.03 ▲ 1.62% CREDICORP 398.20 ▲ 1.52% SOUTHERN COPPER 181.54 ▼ 0.46% BUENAVENTURA 30.71 ▼ 1.03% MERCADOLIBRE 1,843 ▼ 1.64% NUBANK 13.88 ▼ 0.79% XP 16.87 — 0.00% PAGSEGURO 9.21 ▼ 0.75% STONE 11.28 ▼ 0.18% GLOBANT 31.98 ▲ 3.43% TECNOGLASS 45.67 ▲ 3.26% GAP AIRPORT 228.15 ▲ 0.97% ASUR 283.46 ▲ 2.85% OMA AIRPORT 107.90 ▲ 0.24% AMX ADR 26.11 ▼ 0.27% FEMSA ADR 128.77 ▼ 3.30% CEMEX ADR 13.07 ▲ 2.11% PETROBRAS ADR 17.86 ▼ 0.33% VALE ADR 14.67 ▲ 0.55% ITAU ADR 8.45 ▼ 1.17% SANTANDER BR 5.35 ▼ 0.74% AMBEV ADR 3.03 ▼ 1.94% CSN 1.04 ▲ 0.49% GERDAU 4.80 ▲ 4.12% LATAM ADR 54.87 ▲ 2.54% BTC 63,843 ▼ 1.34% ETH 1,869 ▼ 2.51% SOL 75.73 ▼ 1.99% XRP 1.10 ▼ 1.15% BNB 575.43 ▼ 0.81% ADA 0.16 ▼ 2.12% DOGE 0.07 ▼ 1.71% AVAX 6.53 ▼ 2.48% LINK 8.37 ▼ 1.94% DOT 0.83 ▼ 1.35% LTC 44.37 ▼ 1.67% BCH 220.95 ▼ 0.99% TRX 0.32 ▼ 0.40% XLM 0.19 ▲ 0.29% HBAR 0.07 ▼ 1.32% NEAR 2.02 ▼ 2.08% ATOM 1.53 ▼ 1.77% AAVE 93.66 ▼ 2.26% SELIC 14.25% EMBRAER 82.35 ▼ 0.17% EMBRAER ADR 64.90 ▼ 0.02% JBS 12.10 ▲ 2.28% JBS BDR 61.43 ▲ 2.81% MBRF3 15.40 ▼ 4.29% MBRFY 2.87 ▼ 8.60% INTER 5.62 ▼ 1.40% EGX 52,928 ▲ 0.70% USD/ZAR16.43▲ 0.63% USD/NGN1,378▼ 0.12% NIKKEI 66,836 ▼ 2.79% CSI300 4,698 ▼ 1.85% HSI 25,009 ▲ 1.33% NIFTY 24,073 ▼ 0.02% KOSPI 6,821 ▼ 6.37% JCI 6,108 ▲ 1.10% USD/JPY162.27▲ 0.05% USD/CNY6.76▼ 0.18% DAX 24,757 ▼ 0.97% CAC 8,301 ▼ 0.97% FTSE 10,482 ▼ 0.32% MIB 52,044 ▼ 0.70% IBEX 19,170 ▼ 0.55% STOXX 638.49 ▼ 0.66% EUR/USD1.15▼ 0.07% GBP/USD1.35▲ 0.79% SPX 7,572 ▲ 0.38% DJI 52,659 ▲ 0.29% NDX 29,503 ▼ 0.28% RUT 2,976 ▲ 0.39% TSX 35,416 ▲ 0.27% VIX 16.28 ▲ 3.89% USD/CAD1.40▼ 0.14% US10Y 4.5450 — 0.00% IBOV 176,010.90 ▼ 0.36% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,409.65 ▼ 0.18% MERVAL 3,291,246 — 0.00% COLCAP 2,292.03 ▼ 0.29% BVL PERÚ 57,174.37 — — USD/BRL 5.10 ▲ 0.38% USD/MXN 17.45 ▲ 0.34% USD/CLP 925.20 ▼ 0.09% USD/COP 3,216 ▼ 1.35% USD/PEN 3.38 ▲ 0.05% USD/ARS 1,475 ▼ 0.05% USD/UYU 40.18 ▲ 1.21% USD/PYG 6,030 ▲ 1.35% USD/BOB 10.63 ▲ 3.73% USD/DOP 58.14 ▼ 0.19% USD/CRC 447.87 ▲ 1.07% USD/GTQ 7.62 ▲ 2.25% USD/HNL 26.73 ▲ 0.09% USD/NIO 36.62 ▲ 0.34% USD/VES 725.63 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.31% USD/TTD 6.75 ▲ 1.34% EUR/BRL 5.84 ▲ 0.53% BRENT 85.77 ▲ 0.97% WTI 80.57 ▲ 1.22% IRON ORE 161.91 — — COPPER 6.38 ▲ 1.34% GOLD 4,026 ▼ 0.45% SILVER 56.76 ▼ 0.62% SOY 1,200 ▼ 0.19% CORN 468.75 ▲ 4.75% WHEAT 677.75 ▲ 0.04% COFFEE 322.05 ▼ 3.71% SUGAR 14.45 ▼ 2.69% ORANGE JUICE 138.40 ▼ 0.32% COTTON 79.83 ▼ 0.91% COCOA 5,568 ▼ 2.95% BEEF 226.00 ▼ 2.34% CATTLE 349.95 ▲ 0.33% LITHIUM 71.06 ▼ 0.73% PETR4 40.59 ▼ 0.17% VALE3 74.51 ▲ 0.68% ITUB4 43.14 ▼ 1.12% BBDC4 18.60 ▼ 0.16% ABEV3 15.57 ▼ 1.52% BBAS3 20.55 ▼ 0.19% B3SA3 15.69 ▲ 2.35% WEGE3 44.26 ▲ 0.14% PRIO3 57.50 ▼ 0.12% SUZB3 41.48 ▲ 0.90% RENT3 40.35 ▼ 0.47% AZZA3 18.66 ▼ 1.01% CSAN3 3.93 ▲ 1.03% RAIZ4 0.29 ▼ 6.45% PCAR3 2.62 ▲ 6.94% GMAT3 3.98 ▲ 0.51% PSSA3 55.22 ▲ 1.71% CVCB3 1.34 ▼ 2.90% POSI3 3.95 ▼ 1.00% SLCE3 13.50 ▼ 2.24% NATU3 8.67 ▲ 1.40% BRKM5 6.41 ▼ 6.15% RANI3 7.98 ▼ 0.37% CSNA3 5.24 ▲ 0.77% CMIN3 5.24 ▲ 2.75% USIM5 8.20 ▼ 0.36% GGBR4 24.20 ▲ 3.77% ENEV3 26.95 ▼ 0.81% CPFE3 46.83 ▼ 0.78% CMIG4 11.15 ▼ 0.45% EQTL3 40.33 ▼ 1.51% LREN3 14.10 ▼ 1.33% VIVT3 35.47 ▼ 0.14% RAIL3 14.07 ▼ 0.42% KLABIN 17.39 ▲ 0.40% RAIA DROGASIL 18.67 ▲ 0.38% RDOR3 36.01 ▼ 0.11% HAPV3 10.99 ▼ 1.79% FLRY3 16.51 ▲ 0.61% SMTO3 15.53 ▼ 3.66% UGPA3 31.10 ▲ 3.29% VBBR3 33.75 ▲ 1.35% BBSE3 40.71 ▲ 0.79% BPAC11 57.04 ▼ 1.57% CURY3 32.73 ▼ 2.56% AERI3 2.02 ▼ 2.42% VIVARA 23.52 ▲ 0.38% COMPASS 25.11 ▼ 0.36% VAMOS 3.12 ▼ 0.95% SANB11 27.00 ▼ 1.24% ASAI3 8.66 — 0.00% SBSP3 29.98 ▼ 1.19% WALMEX 49.61 ▲ 0.69% GMEXICO 200.02 ▲ 0.23% FEMSA 223.27 ▼ 2.64% CEMEX 22.64 ▲ 1.98% GFNORTE 183.98 ▼ 1.19% BIMBO 57.50 ▲ 2.02% TELEVISA 9.60 ▲ 0.73% AMX 22.80 ▼ 0.22% GAP 398.24 ▲ 0.75% ASUR 283.46 ▲ 2.85% OMA 234.61 ▼ 0.17% KOF 177.25 ▼ 1.47% GRUMA 280.76 ▲ 0.49% KIMBER 38.73 ▲ 0.75% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 78,550 ▲ 1.00% GGAL 8,205 ▲ 3.73% PAMPA 5,240 ▲ 0.19% TXAR 668.00 ▲ 0.91% ALUAR 959.50 ▲ 1.11% TGS 9,750 ▲ 0.41% CEPU 2,344 ▲ 0.73% MIRGOR 16,975 ▲ 1.34% COME 45.63 ▼ 0.26% LOMA NEGRA 3,615 ▲ 2.34% BYMA 304.25 ▲ 1.08% TELECOM ARG 4,315 ▼ 0.40% ECOPETROL 15.98 ▼ 1.11% BANCOLOMBIA 81.55 ▼ 0.67% GRUPO AVAL 5.03 ▲ 1.62% CREDICORP 398.20 ▲ 1.52% SOUTHERN COPPER 181.54 ▼ 0.46% BUENAVENTURA 30.71 ▼ 1.03% MERCADOLIBRE 1,843 ▼ 1.64% NUBANK 13.88 ▼ 0.79% XP 16.87 — 0.00% PAGSEGURO 9.21 ▼ 0.75% STONE 11.28 ▼ 0.18% GLOBANT 31.98 ▲ 3.43% TECNOGLASS 45.67 ▲ 3.26% GAP AIRPORT 228.15 ▲ 0.97% ASUR 283.46 ▲ 2.85% OMA AIRPORT 107.90 ▲ 0.24% AMX ADR 26.11 ▼ 0.27% FEMSA ADR 128.77 ▼ 3.30% CEMEX ADR 13.07 ▲ 2.11% PETROBRAS ADR 17.86 ▼ 0.33% VALE ADR 14.67 ▲ 0.55% ITAU ADR 8.45 ▼ 1.17% SANTANDER BR 5.35 ▼ 0.74% AMBEV ADR 3.03 ▼ 1.94% CSN 1.04 ▲ 0.49% GERDAU 4.80 ▲ 4.12% LATAM ADR 54.87 ▲ 2.54% BTC 63,843 ▼ 1.34% ETH 1,869 ▼ 2.51% SOL 75.73 ▼ 1.99% XRP 1.10 ▼ 1.15% BNB 575.43 ▼ 0.81% ADA 0.16 ▼ 2.12% DOGE 0.07 ▼ 1.71% AVAX 6.53 ▼ 2.48% LINK 8.37 ▼ 1.94% DOT 0.83 ▼ 1.35% LTC 44.37 ▼ 1.67% BCH 220.95 ▼ 0.99% TRX 0.32 ▼ 0.40% XLM 0.19 ▲ 0.29% HBAR 0.07 ▼ 1.32% NEAR 2.02 ▼ 2.08% ATOM 1.53 ▼ 1.77% AAVE 93.66 ▼ 2.26% SELIC 14.25% EMBRAER 82.35 ▼ 0.17% EMBRAER ADR 64.90 ▼ 0.02% JBS 12.10 ▲ 2.28% JBS BDR 61.43 ▲ 2.81% MBRF3 15.40 ▼ 4.29% MBRFY 2.87 ▼ 8.60% INTER 5.62 ▼ 1.40% EGX 52,928 ▲ 0.70% USD/ZAR 16.38 ▲ 0.58% USD/NGN 1,378 ▼ 0.11% NIKKEI 66,836 ▼ 2.79% CSI300 4,698 ▼ 1.85% HSI 25,009 ▲ 1.33% NIFTY 24,073 ▼ 0.02% KOSPI 6,821 ▼ 6.37% JCI 6,108 ▲ 1.10% USD/JPY 162.17 ▲ 0.02% USD/CNY 6.7561 ▼ 0.03% DAX 24,757 ▼ 0.97% CAC 8,301 ▼ 0.97% FTSE 10,482 ▼ 0.32% MIB 52,044 ▼ 0.70% IBEX 19,170 ▼ 0.55% STOXX 638.49 ▼ 0.66% EUR/USD 1.1467 ▼ 0.01% GBP/USD 1.3508 ▼ 0.21% SPX 7,572 ▲ 0.38% DJI 52,659 ▲ 0.29% NDX 29,503 ▼ 0.28% RUT 2,976 ▲ 0.39% TSX 35,416 ▲ 0.27% VIX 16.28 ▲ 3.89% USD/CAD 1.4023 ▼ 0.10% US10Y 4.5450 — 0.00%
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Thursday, July 16, 2026

Analysis Brazil

Bolsonaro’s Waning Influence Sparks Center-Right Realignment in Brazil

By · November 27, 2024 · 2 min read

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(Analysis) The political scene in Brazil is undergoing a significant transformation. As former President Jair Bolsonaro’s influence wanes, a new dynamic is emerging among center-right parties.

These groups are now vying for the anti-establishment and anti-Workers’ Party (PT) voters who once formed Bolsonaro’s base. Recent municipal elections have highlighted Bolsonaro’s diminishing political clout.

Centrist parties emerged as the big winners. The PSD, MDB, União Brasil, and PP secured control of 3,500 municipalities. This represents 62% of Brazilian cities, including many with over 200,000 voters

Bolsonaro’s Liberal Party (PL) didn’t perform poorly overall, but in cities like Goiânia, Curitiba, and Campo Grande, his endorsed candidates were defeated.

This series of setbacks has encouraged other political figures to distance themselves from Bolsonaro and advance their own political agendas.

The aftermath of these elections has sparked discussions about strategies for the 2026 presidential race. Political leaders are meeting regularly to plan their approach.

There’s a growing consensus that multiple candidates from different parties should test their appeal to voters. Several prominent figures are positioning themselves as potential presidential contenders.

Bolsonaro’s Waning Influence Sparks Center-Right Realignment in Brazil
Bolsonaro’s Waning Influence Sparks Center-Right Realignment in Brazil. (Photo Internet reproduction)
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These include Ronaldo Caiado from União Brasil, Ratinho Junior from PSD, and Tereza Cristina from PP. Tarcísio de Freitas of the Republican party is also mentioned as a possible candidate.

Brazil’s Political Realignment

Bolsonaro’s legal troubles have further complicated his political future. A recent Federal Police report alleges his involvement in planning a coup attempt.

This has led to a noticeable lack of support from center-right leaders, who are distancing themselves from the former president. The political calculus is changing.

Many in Congress believe a moderate candidate stands the best chance of defeating the incumbent party in 2026. Bolsonaro’s ability to influence state-level candidacies or secure a vice-presidential slot on a competitive opposition ticket is diminishing daily.

As Brazil moves forward, the political landscape is reshaping itself. Parties are adapting their strategies, seeking to capture the anti-establishment sentiment without the baggage of Bolsonaro‘s controversial legacy.

This shift presents both challenges and opportunities for Brazil’s democratic future. The coming years will likely see a realignment of political forces.

Center-right parties are poised to play a crucial role in shaping Brazil’s political discourse. They aim to offer an alternative to both Bolsonaro’s polarizing style and the Workers’ Party’s left-leaning policies.

However, this evolving situation reflects a broader trend in Brazilian politics. Voters are seeking new options that balance economic pragmatism with social responsibility.

The success of these emerging political forces will depend on their ability to address the concerns of a diverse electorate. As Brazil navigates this transition, the focus remains on economic growth, social stability, and democratic values.

In short, the country’s political future hangs in the balance, with the outcome of these shifts likely to shape Brazil’s direction for years to come.

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