IBOV 206,220.24 ▲ 0.94% IPSA 11,024.22 ▲ 0.22% IPC MEX 64,986.91 ▲ 0.52% MERVAL 2,832,472 — 0.00% COLCAP 2,525.90 ▼ 0.36% BVL PERÚ 60,766.81 ▼ 1.71% USD/BRL5.01▼ 0.26% USD/MXN18.16▼ 0.21% USD/CLP972.70▼ 0.64% USD/COP3,217▼ 0.92% USD/PEN3.43▼ 0.55% USD/ARS1,516▼ 0.10% USD/UYU40.15▲ 2.79% USD/PYG5,722▲ 1.00% USD/BOB11.77▲ 1.01% USD/DOP61.06▲ 1.43% USD/CRC450.81▲ 1.73% USD/GTQ7.64▲ 3.38% USD/HNL26.86▲ 0.86% USD/NIO36.62▲ 0.31% USD/VES873.46▼ 0.02% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.73▲ 2.58% EUR/BRL5.63▲ 0.10% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 206,220.24 ▲ 0.94% IPSA 11,024.22 ▲ 0.22% IPC MEX 64,986.91 ▲ 0.52% MERVAL 2,832,472 — 0.00% COLCAP 2,525.90 ▼ 0.36% BVL PERÚ 60,766.81 ▼ 1.71% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Friday, October 9, 2026

Brazil Politics - Brazil

Brazilians do not want Lula as candidate, says Bolsonaro

By · March 9, 2021 · 3 min read

RIO DE JANEIRO, BRAZIL – President Jair Bolsonaro dismissed a decision Monday, March 8th, by a Supreme Court justice to annul all sentences against former president Luiz Inacio Lula da Silva.

Brazilians do not want Lula as candidate, says Bolsonaro
President Jair Bolsonaro.
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Speaking to supporters outside the official residence in Brasilia, Bolsonaro said people in the country do not want Lula as a candidate. With Justice Edson Fachin’s decision, Lula regained his political rights and can for now run for the presidency in next year’s election.

“I believe the Brazilian people do not even want a candidate like that [Lula] in 2022, much less [his] possible election,” said Bolsonaro.

According to the conservative president, “Fachin has always had a strong connection” with Lula’s Workers’ Party (PT).

Bolsonaro said he was “not surprised” by the decision. “It is obviously a one-man decision. It will have to go through the panel [five Supreme Court justices], I don’t know, or the plenary, so that it has the necessary effectiveness,” he added.

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“Thefts, diversions from Petrobras were huge, around R$2 billion, that [those who signed plea bargaining agreements] paid back. So it was a really catastrophic PT administration,” Bolsonaro told supporters, referring to the “Lava Jato” scandal which involved billions of dollars of bribes paid to politicians through inflated construction contracts and a subsequent corruption investigation.

“We all suffer from a decision like that,” he added, referring to a 3.98% fall in the Brazilian stock exchange and a 1.67% rise in the dollar as a consequence of Fachin’s decision.

News about the Supreme Court’s decision had political repercussions throughout the afternoon. Bolsonaro’s supporters reacted with indignation and frustration, accusing PT and the Supreme Court and praising Operation Lava Jato, in which Lula has been convicted. A strong Bolsonaro ally, Brazilian Labor Party (PTB) national president Roberto Jefferson, called Fachin’s decision “insanity, a coup and an abuse of authority.” He lamented what he said was “in a single stroke, [the] end of all Lava Jato’s work.”

Among the president’s opponents, reactions were of discouragement, with the possibility that Lula regaining political rights could increase the polarization in the country and help re-elect Bolsonaro.

“The extremes celebrate, as they nourish each other,” wrote former Bolsonaro Health Minister Luis Henrique Mandetta, himself a 2022 pre-candidate.

In the left-most wings aligned with Lula, Fachin’s judicial decision was received with excitement and interpreted as a sign of an automatic candidacy of the former president.

Guilherme Boulos, who ran for president in 2018, said the decision “comes three years late but dismantles the farce that elected Bolsonaro.” According to him, the decision “does not give strength to Bolsonaro, but to Brazilian democracy.”

In Brazil’s Congress, Chamber of Deputies president Arthur Lira, defended that Fachin’s decision does not result in the “acquittal” of former judge Sérgio Moro in suspicion cases.

“My biggest doubt is whether the decision was to acquit Lula or Moro,” Lira wrote on his social media accounts. “Lula may even deserve it. [But] Moro, never!”

Lira was the target of Operation Lava Jato in 2017 and is a defendant for passive corruption in a second lawsuit.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

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