IBOV 176,210 ▼ 0.81% IPSA 10,564 ▼ 0.34% IPC MEX 68,333 ▼ 0.07% MERVAL 2,846,220 ▼ 1.08% COLCAP 2,118 ▼ 0.22% BVL PERÚ 19,767 ▲ 0.37% USD/BRL 5.04 ▼ 0.01% USD/MXN 17.31 ▲ 0.06% USD/CLP 900.71 ▲ 0.22% USD/COP 3,683 ▼ 0.20% USD/PEN 3.42 ▼ 0.01% USD/ARS 1,399 — 0.00% USD/UYU 39.92 ▲ 0.33% USD/PYG 6,064 ▲ 0.14% USD/BOB 6.85 ▲ 1.69% USD/DOP 58.86 ▲ 0.36% USD/CRC 451.95 ▲ 2.69% USD/GTQ 7.62 ▲ 2.28% USD/HNL 26.61 ▲ 0.28% USD/NIO 36.62 ▲ 0.29% USD/VES 525.55 ▼ 0.81% USD/PAB 1.00 ▲ 2.23% USD/BZD 2.00 ▲ 1.66% USD/JMD 156.56 ▲ 0.45% USD/TTD 6.71 ▲ 0.87% EUR/BRL 5.85 ▲ 0.45% BRENT 100.21 ▼ 2.31% WTI 96.60 ▲ 0.26% IRON ORE 161.91 — — COPPER 6.38 ▲ 1.95% GOLD 4,523 ▼ 0.37% SILVER 76.20 ▼ 0.28% SOY 1,197 ▲ 0.19% CORN 463.25 ▲ 0.22% WHEAT 646.25 ▼ 0.19% COFFEE 264.00 ▼ 3.44% SUGAR 14.68 ▼ 1.48% ORANGE JUICE 166.80 ▲ 0.12% COTTON 77.34 ▼ 0.82% COCOA 3,886 ▲ 3.16% BEEF 239.60 ▼ 3.83% CATTLE 349.85 ▼ 5.22% LITHIUM 85.28 ▲ 1.07% PETR4 44.48 ▼ 1.05% VALE3 83.10 ▲ 0.57% ITUB4 39.43 ▼ 1.72% BBDC4 17.62 ▼ 1.56% ABEV3 16.10 ▼ 1.83% BBAS3 20.94 ▲ 0.58% B3SA3 16.66 ▼ 2.12% WEGE3 42.73 ▲ 0.61% PRIO3 68.40 ▲ 0.59% SUZB3 41.70 ▼ 1.33% RENT3 43.35 ▼ 1.57% AZZA3 20.72 ▲ 3.86% CSAN3 4.29 ▼ 2.50% RAIZ4 0.39 — 0.00% PCAR3 2.08 ▼ 1.42% GMAT3 4.39 ▼ 0.90% PSSA3 49.17 ▼ 0.59% CVCB3 1.77 ▼ 0.56% POSI3 4.06 ▼ 0.73% SLCE3 16.07 ▼ 2.61% NATU3 10.10 ▼ 0.98% BRKM5 11.97 ▼ 0.50% RANI3 8.08 ▲ 0.25% CSNA3 6.73 ▲ 6.15% CMIN3 4.48 ▲ 1.13% USIM5 10.35 ▲ 5.61% GGBR4 24.01 ▲ 2.17% ENEV3 24.96 ▼ 2.19% NEOE3 33.80 — 0.00% CPFE3 43.31 ▼ 0.89% CMIG4 11.22 ▼ 1.23% EQTL3 37.67 ▼ 1.23% LREN3 15.07 ▲ 1.48% VIVT3 34.81 ▼ 1.36% RAIL3 14.21 ▼ 3.14% KLABIN 16.46 ▼ 0.30% RAIA DROGASIL 18.19 ▼ 2.47% RDOR3 34.07 ▼ 1.50% HAPV3 12.05 ▼ 2.35% FLRY3 15.69 — 0.00% SMTO3 17.60 ▼ 0.23% UGPA3 28.70 ▼ 1.54% VBBR3 32.75 ▼ 1.98% BBSE3 34.47 ▼ 0.78% BPAC11 53.93 ▼ 0.81% CURY3 30.53 ▼ 2.15% AERI3 2.40 ▲ 5.26% VIVARA 22.19 ▼ 0.58% COMPASS 26.90 ▼ 0.41% VAMOS 3.25 ▼ 3.56% SANB11 27.10 ▼ 1.78% ASAI3 8.44 ▼ 0.47% SBSP3 28.46 ▼ 0.56% WALMEX 55.53 ▲ 0.43% GMEXICO 205.95 ▲ 1.44% FEMSA 209.93 ▼ 0.21% CEMEX 21.83 ▲ 0.32% GFNORTE 191.22 ▲ 2.30% BIMBO 58.22 ▲ 0.47% TELEVISA 9.77 ▲ 0.93% AMX 22.66 ▼ 0.61% GAP 416.34 ▼ 0.94% ASUR 301.98 ▼ 2.18% OMA 222.78 ▼ 1.26% KOF 185.71 ▼ 0.13% GRUMA 292.47 ▼ 0.40% KIMBER 37.60 ▼ 1.36% SQM-B 71,950 ▼ 1.30% COPEC 6,400 ▼ 0.40% BSANTANDER 70.20 ▲ 0.14% FALABELLA 5,719 ▲ 2.13% ENELAM 77.00 ▲ 1.05% CENCOSUD 2,116 ▼ 2.94% CMPC 1,095 — 0.00% BANCO CHILE 169.00 ▼ 1.69% LATAM AIR 22.59 ▲ 0.09% YPF 71,025 ▲ 0.25% GGAL 6,455 ▼ 0.54% PAMPA 4,793 ▼ 0.93% TXAR 638.00 ▲ 0.08% ALUAR 947.00 ▲ 2.05% TGS 8,685 ▼ 1.81% CEPU 2,077 ▼ 3.03% MIRGOR 16,350 ▲ 0.46% COME 43.70 ▼ 2.35% LOMA NEGRA 3,275 ▼ 2.24% BYMA 286.00 ▲ 3.44% TELECOM ARG 3,493 ▼ 1.06% ECOPETROL 13.85 ▼ 0.11% BANCOLOMBIA 65.88 ▼ 0.66% GRUPO AVAL 4.23 ▼ 0.70% CREDICORP 334.10 ▼ 2.88% SOUTHERN COPPER 179.67 ▲ 0.31% BUENAVENTURA 33.48 ▼ 0.68% MERCADOLIBRE 1,664 ▼ 0.80% NUBANK 12.73 ▼ 3.27% XP 16.82 ▼ 6.14% PAGSEGURO 9.14 ▼ 1.93% STONE 11.00 ▼ 0.90% GLOBANT 40.13 ▼ 1.23% TECNOGLASS 41.17 ▼ 0.07% GAP AIRPORT 240.40 ▼ 1.52% ASUR 301.98 ▼ 2.18% OMA AIRPORT 103.21 ▼ 1.38% AMX ADR 26.13 ▼ 0.76% FEMSA ADR 121.28 ▼ 0.10% CEMEX ADR 12.57 ▼ 0.16% PETROBRAS ADR 19.90 ▼ 0.65% VALE ADR 16.47 — 0.00% ITAU ADR 7.82 ▼ 2.25% SANTANDER BR 5.40 ▼ 2.97% AMBEV ADR 3.20 ▼ 2.29% CSN 1.35 ▲ 5.08% GERDAU 4.75 ▲ 1.06% LATAM ADR 49.89 ▼ 2.06% BTC 74,587 ▼ 1.19% ETH 2,027 ▼ 1.81% SOL 81.96 ▼ 2.78% XRP 1.31 ▼ 1.84% BNB 638.99 ▼ 1.61% ADA 0.24 ▼ 2.07% DOGE 0.10 ▼ 2.72% AVAX 8.86 ▼ 3.13% LINK 9.17 ▼ 2.58% DOT 1.22 ▼ 3.37% LTC 52.00 ▼ 1.18% BCH 345.46 ▼ 4.08% TRX 0.36 ▼ 0.60% XLM 0.14 ▼ 1.90% HBAR 0.09 ▼ 2.54% NEAR 2.06 ▼ 1.98% ATOM 2.03 ▼ 2.01% AAVE 83.48 ▼ 2.85% SELIC 14.50% EMBRAER 72.33 ▲ 2.15% EMBRAER ADR 57.58 ▲ 1.88% JBS 13.21 ▼ 0.53% JBS BDR 66.24 ▲ 0.44% MBRF3 16.60 ▼ 4.05% MBRFY 3.34 ▲ 0.30% INTER 6.16 ▼ 3.75% EGX 52,091 ▲ 0.30% USD/ZAR 16.46 ▲ 0.11% USD/NGN 1,370 ▲ 0.10% NIKKEI 63,339 ▲ 2.68% CSI300 4,845 ▲ 1.30% HSI 25,606 ▲ 0.86% NIFTY 23,719 ▲ 0.27% KOSPI 7,848 ▲ 0.41% JCI 6,162 ▲ 1.10% USD/JPY 159.16 ▲ 0.13% USD/CNY 6.7940 ▼ 0.12% DAX 24,889 ▲ 1.15% CAC 8,116 ▲ 0.37% FTSE 10,466 ▲ 0.22% MIB 49,511 ▲ 0.70% IBEX 17,985 ▲ 0.06% STOXX 625.12 ▲ 0.73% EUR/USD 1.1605 ▼ 0.16% GBP/USD 1.3433 ▲ 0.02% SPX 7,473 ▲ 0.37% DJI 50,580 ▲ 0.58% NDX 29,482 ▲ 0.42% RUT 2,869 ▲ 0.91% TSX 34,471 ▲ 0.18% VIX 16.70 ▼ 0.36% USD/CAD 1.3820 ▲ 0.34% US10Y 4.5580 ▼ 0.61% IBOV 176,210 ▼ 0.81% IPSA 10,564 ▼ 0.34% IPC MEX 68,333 ▼ 0.07% MERVAL 2,846,220 ▼ 1.08% COLCAP 2,118 ▼ 0.22% BVL PERÚ 19,767 ▲ 0.37% USD/BRL 5.04 ▼ 0.01% USD/MXN 17.31 ▲ 0.06% USD/CLP 900.71 ▲ 0.22% USD/COP 3,683 ▼ 0.20% USD/PEN 3.42 ▼ 0.01% USD/ARS 1,399 — 0.00% USD/UYU 39.92 ▲ 0.33% USD/PYG 6,064 ▲ 0.14% USD/BOB 6.85 ▲ 1.69% USD/DOP 58.86 ▲ 0.36% USD/CRC 451.95 ▲ 2.69% USD/GTQ 7.62 ▲ 2.28% USD/HNL 26.61 ▲ 0.28% USD/NIO 36.62 ▲ 0.29% USD/VES 525.55 ▼ 0.81% USD/PAB 1.00 ▲ 2.23% USD/BZD 2.00 ▲ 1.66% USD/JMD 156.56 ▲ 0.45% USD/TTD 6.71 ▲ 0.87% EUR/BRL 5.85 ▲ 0.45% BRENT 100.21 ▼ 2.31% WTI 96.60 ▲ 0.26% IRON ORE 161.91 — — COPPER 6.38 ▲ 1.95% GOLD 4,523 ▼ 0.37% SILVER 76.20 ▼ 0.28% SOY 1,197 ▲ 0.19% CORN 463.25 ▲ 0.22% WHEAT 646.25 ▼ 0.19% COFFEE 264.00 ▼ 3.44% SUGAR 14.68 ▼ 1.48% ORANGE JUICE 166.80 ▲ 0.12% COTTON 77.34 ▼ 0.82% COCOA 3,886 ▲ 3.16% BEEF 239.60 ▼ 3.83% CATTLE 349.85 ▼ 5.22% LITHIUM 85.28 ▲ 1.07% PETR4 44.48 ▼ 1.05% VALE3 83.10 ▲ 0.57% ITUB4 39.43 ▼ 1.72% BBDC4 17.62 ▼ 1.56% ABEV3 16.10 ▼ 1.83% BBAS3 20.94 ▲ 0.58% B3SA3 16.66 ▼ 2.12% WEGE3 42.73 ▲ 0.61% PRIO3 68.40 ▲ 0.59% SUZB3 41.70 ▼ 1.33% RENT3 43.35 ▼ 1.57% AZZA3 20.72 ▲ 3.86% CSAN3 4.29 ▼ 2.50% RAIZ4 0.39 — 0.00% PCAR3 2.08 ▼ 1.42% GMAT3 4.39 ▼ 0.90% PSSA3 49.17 ▼ 0.59% CVCB3 1.77 ▼ 0.56% POSI3 4.06 ▼ 0.73% SLCE3 16.07 ▼ 2.61% NATU3 10.10 ▼ 0.98% BRKM5 11.97 ▼ 0.50% RANI3 8.08 ▲ 0.25% CSNA3 6.73 ▲ 6.15% CMIN3 4.48 ▲ 1.13% USIM5 10.35 ▲ 5.61% GGBR4 24.01 ▲ 2.17% ENEV3 24.96 ▼ 2.19% NEOE3 33.80 — 0.00% CPFE3 43.31 ▼ 0.89% CMIG4 11.22 ▼ 1.23% EQTL3 37.67 ▼ 1.23% LREN3 15.07 ▲ 1.48% VIVT3 34.81 ▼ 1.36% RAIL3 14.21 ▼ 3.14% KLABIN 16.46 ▼ 0.30% RAIA DROGASIL 18.19 ▼ 2.47% RDOR3 34.07 ▼ 1.50% HAPV3 12.05 ▼ 2.35% FLRY3 15.69 — 0.00% SMTO3 17.60 ▼ 0.23% UGPA3 28.70 ▼ 1.54% VBBR3 32.75 ▼ 1.98% BBSE3 34.47 ▼ 0.78% BPAC11 53.93 ▼ 0.81% CURY3 30.53 ▼ 2.15% AERI3 2.40 ▲ 5.26% VIVARA 22.19 ▼ 0.58% COMPASS 26.90 ▼ 0.41% VAMOS 3.25 ▼ 3.56% SANB11 27.10 ▼ 1.78% ASAI3 8.44 ▼ 0.47% SBSP3 28.46 ▼ 0.56% WALMEX 55.53 ▲ 0.43% GMEXICO 205.95 ▲ 1.44% FEMSA 209.93 ▼ 0.21% CEMEX 21.83 ▲ 0.32% GFNORTE 191.22 ▲ 2.30% BIMBO 58.22 ▲ 0.47% TELEVISA 9.77 ▲ 0.93% AMX 22.66 ▼ 0.61% GAP 416.34 ▼ 0.94% ASUR 301.98 ▼ 2.18% OMA 222.78 ▼ 1.26% KOF 185.71 ▼ 0.13% GRUMA 292.47 ▼ 0.40% KIMBER 37.60 ▼ 1.36% SQM-B 71,950 ▼ 1.30% COPEC 6,400 ▼ 0.40% BSANTANDER 70.20 ▲ 0.14% FALABELLA 5,719 ▲ 2.13% ENELAM 77.00 ▲ 1.05% CENCOSUD 2,116 ▼ 2.94% CMPC 1,095 — 0.00% BANCO CHILE 169.00 ▼ 1.69% LATAM AIR 22.59 ▲ 0.09% YPF 71,025 ▲ 0.25% GGAL 6,455 ▼ 0.54% PAMPA 4,793 ▼ 0.93% TXAR 638.00 ▲ 0.08% ALUAR 947.00 ▲ 2.05% TGS 8,685 ▼ 1.81% CEPU 2,077 ▼ 3.03% MIRGOR 16,350 ▲ 0.46% COME 43.70 ▼ 2.35% LOMA NEGRA 3,275 ▼ 2.24% BYMA 286.00 ▲ 3.44% TELECOM ARG 3,493 ▼ 1.06% ECOPETROL 13.85 ▼ 0.11% BANCOLOMBIA 65.88 ▼ 0.66% GRUPO AVAL 4.23 ▼ 0.70% CREDICORP 334.10 ▼ 2.88% SOUTHERN COPPER 179.67 ▲ 0.31% BUENAVENTURA 33.48 ▼ 0.68% MERCADOLIBRE 1,664 ▼ 0.80% NUBANK 12.73 ▼ 3.27% XP 16.82 ▼ 6.14% PAGSEGURO 9.14 ▼ 1.93% STONE 11.00 ▼ 0.90% GLOBANT 40.13 ▼ 1.23% TECNOGLASS 41.17 ▼ 0.07% GAP AIRPORT 240.40 ▼ 1.52% ASUR 301.98 ▼ 2.18% OMA AIRPORT 103.21 ▼ 1.38% AMX ADR 26.13 ▼ 0.76% FEMSA ADR 121.28 ▼ 0.10% CEMEX ADR 12.57 ▼ 0.16% PETROBRAS ADR 19.90 ▼ 0.65% VALE ADR 16.47 — 0.00% ITAU ADR 7.82 ▼ 2.25% SANTANDER BR 5.40 ▼ 2.97% AMBEV ADR 3.20 ▼ 2.29% CSN 1.35 ▲ 5.08% GERDAU 4.75 ▲ 1.06% LATAM ADR 49.89 ▼ 2.06% BTC 74,587 ▼ 1.19% ETH 2,027 ▼ 1.81% SOL 81.96 ▼ 2.78% XRP 1.31 ▼ 1.84% BNB 638.99 ▼ 1.61% ADA 0.24 ▼ 2.07% DOGE 0.10 ▼ 2.72% AVAX 8.86 ▼ 3.13% LINK 9.17 ▼ 2.58% DOT 1.22 ▼ 3.37% LTC 52.00 ▼ 1.18% BCH 345.46 ▼ 4.08% TRX 0.36 ▼ 0.60% XLM 0.14 ▼ 1.90% HBAR 0.09 ▼ 2.54% NEAR 2.06 ▼ 1.98% ATOM 2.03 ▼ 2.01% AAVE 83.48 ▼ 2.85% SELIC 14.50% EMBRAER 72.33 ▲ 2.15% EMBRAER ADR 57.58 ▲ 1.88% JBS 13.21 ▼ 0.53% JBS BDR 66.24 ▲ 0.44% MBRF3 16.60 ▼ 4.05% MBRFY 3.34 ▲ 0.30% INTER 6.16 ▼ 3.75% EGX 52,091 ▲ 0.30% USD/ZAR 16.46 ▲ 0.11% USD/NGN 1,370 ▲ 0.10% NIKKEI 63,339 ▲ 2.68% CSI300 4,845 ▲ 1.30% HSI 25,606 ▲ 0.86% NIFTY 23,719 ▲ 0.27% KOSPI 7,848 ▲ 0.41% JCI 6,162 ▲ 1.10% USD/JPY 159.16 ▲ 0.13% USD/CNY 6.7940 ▼ 0.12% DAX 24,889 ▲ 1.15% CAC 8,116 ▲ 0.37% FTSE 10,466 ▲ 0.22% MIB 49,511 ▲ 0.70% IBEX 17,985 ▲ 0.06% STOXX 625.12 ▲ 0.73% EUR/USD 1.1605 ▼ 0.16% GBP/USD 1.3433 ▲ 0.02% SPX 7,473 ▲ 0.37% DJI 50,580 ▲ 0.58% NDX 29,482 ▲ 0.42% RUT 2,869 ▲ 0.91% TSX 34,471 ▲ 0.18% VIX 16.70 ▼ 0.36% USD/CAD 1.3820 ▲ 0.34% US10Y 4.5580 ▼ 0.61%
since 2009
Saturday, May 23, 2026

Two Governors Shake Up the Brazil 2026 Election

By · March 24, 2026 · 3 min read

Daily Brief

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Key Points

Paraná Governor Ratinho Junior dropped his presidential bid on Monday to stay in office and protect his political succession against Senator Sergio Moro, who is joining the PL party to run for governor with Flávio Bolsonaro’s backing.
Rio de Janeiro Governor Cláudio Castro resigned on the eve of a TSE trial where two justices have already voted to strip his mandate and declare him ineligible until 2030 over alleged campaign fraud involving 27,000 irregular hires.
Both moves reshape the Brazil 2026 election landscape — Ratinho’s exit elevates Ronaldo Caiado as the PSD’s likely presidential candidate, while Castro’s gamble leaves Rio under a judge’s interim control.
Moro’s PL affiliation ceremony takes place Tuesday in Brasília, consolidating the Bolsonaro family’s grip on the conservative opposition ahead of October’s vote.

Two governors executed opposite maneuvers on Monday that reshaped the Brazil 2026 election map in a single afternoon. Paraná’s Ratinho Junior abandoned his presidential campaign to stay in office, while Rio de Janeiro’s Cláudio Castro resigned his governorship hours before a court ruling that could end his political career, The Rio Times, the Latin American financial news outlet, reports.

Both decisions, according to senior Bolsonaro-allied politicians, were driven by the same calculation: protecting their political heirs at the expense of the PL party’s broader strategy. The moves came on the same day Moro’s affiliation to the PL was confirmed for Tuesday in Brasília.

Ratinho Drops Out to Fight Moro in Paraná

Ratinho Junior was the PSD’s strongest presidential pre-candidate, polling at 7% in the Quaest survey — ahead of Caiado at 4% and Eduardo Leite at 3%. But his real problem was closer to home. After Flávio Bolsonaro sealed an alliance with ex-judge Sergio Moro for the Paraná governorship, the threat to Ratinho’s political machine became existential.

Two Governors Shake Up the Brazil 2026 Election. (Photo Internet reproduction)

By staying in office, Ratinho retains control of the state apparatus and can campaign directly for his chosen successor — either Cities Secretary Guto Silva or state assembly president Alexandre Curi. A senior PL figure told the Estadão newspaper that Ratinho committed a “basic political error” by assuming the party would abandon its Moro alliance once the PSD made its move.

Ratinho’s withdrawal pushes Goiás Governor Ronaldo Caiado closer to the PSD’s presidential nomination. Bolsonaro allies view this favorably, believing Caiado would attack the PT more aggressively than Ratinho would have. The decision also eliminates Lula’s preferred scenario of a fragmented center-right field diluting the conservative vote.

Castro Resigns to Dodge the Brazil 2026 Election Tribunal

Castro’s gamble is more desperate. The TSE is judging allegations that his 2022 re-election campaign used roughly 27,000 irregular temporary hires at the Ceperj foundation as disguised campaign workers, with R$250 million ($46 million) allegedly paid through cash withdrawals. The score stands at 2-0 for conviction, with the trial resuming Tuesday.

By resigning before the verdict, Castro avoids the humiliation of being stripped of office by a court. But legal experts note the resignation does not prevent the TSE from declaring him ineligible — it merely removes the cassation component. Castro leads Senate polls in Rio at 23%, and his entire strategy depends on preserving his right to run.

Rio now falls to TJ-RJ president Ricardo Couto as interim governor, since the vice governor left for a state audit court seat and the assembly president was removed by the Supreme Court. The PL had preferred Castro stay to control the state machine through election season and boost Flávio Bolsonaro’s slate of candidates.

What It Means for October

The twin maneuvers consolidate the Bolsonaro family’s dominance over the conservative opposition while creating turbulence in two key states. Moro’s formal entry into the PL gives Flávio a powerful ally in the south, but the Paraná governor race now pits the Bolsonaro machine against a sitting governor with 85% approval.

In Rio, the TSE’s expected ruling on Tuesday could settle whether Castro remains a player or becomes a cautionary tale. For a Brazil 2026 election cycle already marked by Bolsonaro’s imprisonment, Lula’s falling approval, and a global oil crisis reshaping the economy, Monday’s double shock was a reminder that the real campaign has only just begun.

Read More from The Rio Times

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