IBOV 171,636 ▲ 0.29% IPSA 10,913 ▼ 0.09% IPC MEX 68,641 ▲ 1.01% MERVAL 3,352,708 ▼ 0.01% COLCAP 2,386.78 ▲ 1.53% BVL PERÚ 56,321.11 ▲ 7.67% USD/BRL 5.06 ▼ 0.08% USD/MXN 17.19 ▼ 0.01% USD/CLP 890.13 ▼ 1.02% USD/COP 3,490 ▲ 0.00% USD/PEN 3.38 ▼ 0.59% USD/ARS 1,429 ▼ 0.05% USD/UYU 40.35 ▼ 0.47% USD/PYG 6,094 — 0.00% USD/BOB 6.86 ▲ 0.15% USD/DOP 58.90 ▲ 0.37% USD/CRC 452.40 ▲ 0.13% USD/GTQ 7.61 ▼ 0.01% USD/HNL 26.66 ▲ 0.01% USD/NIO 36.62 — 0.00% USD/VES 585.94 ▼ 0.13% USD/PAB 1.00 ▲ 2.27% USD/BZD 2.00 ▲ 1.69% USD/JMD 157.29 ▲ 0.46% USD/TTD 6.76 ▲ 1.44% EUR/BRL 5.87 ▼ 0.15% BRENT 83.22 ▼ 4.71% WTI 80.51 ▼ 5.15% IRON ORE 161.91 — — COPPER 6.50 ▲ 1.00% GOLD 4,360 ▲ 3.43% SILVER 70.35 ▲ 3.67% SOY 1,133 ▲ 1.75% CORN 414.75 ▲ 0.48% WHEAT 586.75 ▲ 0.38% COFFEE 259.20 ▲ 0.78% SUGAR 14.21 ▲ 3.72% ORANGE JUICE 157.50 ▼ 3.55% COTTON 76.76 ▲ 5.24% COCOA 3,977 ▲ 5.24% BEEF 242.70 ▼ 2.87% CATTLE 361.48 ▲ 1.13% LITHIUM 84.11 ▲ 2.11% PETR4 39.22 ▼ 4.76% VALE3 82.30 ▲ 3.95% ITUB4 40.67 ▲ 0.17% BBDC4 17.76 ▼ 0.22% ABEV3 16.65 ▲ 0.24% BBAS3 19.50 ▲ 0.21% B3SA3 15.27 ▲ 0.26% WEGE3 42.74 ▲ 0.31% PRIO3 57.81 ▼ 5.75% SUZB3 43.02 ▲ 3.61% RENT3 41.08 ▲ 0.93% AZZA3 17.33 ▲ 0.81% CSAN3 3.32 ▼ 0.60% RAIZ4 0.42 ▼ 2.33% PCAR3 1.77 ▲ 14.19% GMAT3 4.02 ▲ 1.52% PSSA3 50.20 ▼ 0.57% CVCB3 1.42 ▲ 2.16% POSI3 3.74 ▲ 2.75% SLCE3 14.31 ▲ 0.42% NATU3 8.45 ▼ 1.29% BRKM5 9.13 ▲ 0.33% RANI3 7.95 — 0.00% CSNA3 6.26 ▲ 3.47% CMIN3 4.46 ▲ 3.72% USIM5 11.10 ▲ 2.30% GGBR4 23.49 ▼ 1.63% ENEV3 24.78 ▲ 0.98% NEOE3 33.80 — 0.00% CPFE3 44.20 ▼ 0.50% CMIG4 10.78 ▲ 0.47% EQTL3 38.73 ▼ 0.10% LREN3 15.37 ▼ 0.07% VIVT3 33.71 ▲ 0.54% RAIL3 13.39 ▲ 0.22% KLABIN 17.30 ▲ 2.49% RAIA DROGASIL 17.47 ▲ 0.06% RDOR3 34.34 ▲ 0.76% HAPV3 11.56 ▲ 1.40% FLRY3 14.98 ▼ 1.32% SMTO3 16.15 ▲ 2.22% UGPA3 24.25 ▼ 2.22% VBBR3 28.75 ▼ 1.37% BBSE3 37.68 ▼ 0.50% BPAC11 51.21 ▲ 1.63% CURY3 33.50 ▲ 4.33% AERI3 2.33 — 0.00% VIVARA 21.55 ▲ 1.03% COMPASS 25.59 ▲ 1.19% VAMOS 3.05 ▲ 0.66% SANB11 27.25 ▲ 0.44% ASAI3 7.93 ▼ 2.10% SBSP3 28.01 ▲ 1.71% WALMEX 52.47 ▲ 0.75% GMEXICO 214.44 ▲ 2.27% FEMSA 219.21 ▼ 1.54% CEMEX 22.50 ▲ 0.58% GFNORTE 189.40 ▲ 0.40% BIMBO 58.70 ▲ 0.95% TELEVISA 10.04 ▲ 0.90% AMX 23.57 ▼ 1.30% GAP 424.76 ▲ 3.92% ASUR 302.66 ▲ 5.42% OMA 232.48 ▲ 6.04% KOF 184.50 ▼ 1.85% GRUMA 293.22 ▼ 0.96% KIMBER 37.39 ▼ 0.27% SQM-B 73,400 ▼ 2.78% COPEC 6,087 ▼ 0.54% BSANTANDER 73.54 ▼ 0.08% FALABELLA 5,970 ▲ 0.33% ENELAM 78.67 ▼ 1.13% CENCOSUD 2,261 ▲ 0.58% CMPC 1,067 ▲ 0.69% BANCO CHILE 181.00 ▼ 0.55% LATAM AIR 24.98 ▲ 4.34% YPF 83,400 ▼ 0.36% GGAL 8,210 ▼ 0.73% PAMPA 5,290 ▼ 0.28% TXAR 694.00 ▼ 0.93% ALUAR 1,029 ▲ 0.19% TGS 9,875 ▼ 0.25% CEPU 2,371 ▼ 1.00% MIRGOR 17,150 ▼ 0.72% COME 44.98 ▼ 2.34% LOMA NEGRA 3,750 — 0.00% BYMA 305.50 ▲ 0.74% TELECOM ARG 4,570 ▼ 3.89% ECOPETROL 15.66 ▼ 5.55% BANCOLOMBIA 81.85 ▲ 2.05% GRUPO AVAL 5.43 ▼ 2.25% CREDICORP 362.11 ▼ 2.01% SOUTHERN COPPER 192.98 ▲ 1.68% BUENAVENTURA 34.29 ▲ 2.60% MERCADOLIBRE 1,652 ▲ 3.95% NUBANK 12.33 ▲ 1.15% XP 16.04 ▲ 0.09% PAGSEGURO 8.97 ▲ 0.11% STONE 11.12 ▼ 1.24% GLOBANT 37.23 ▼ 0.69% TECNOGLASS 44.30 ▲ 1.16% GAP AIRPORT 247.46 ▲ 4.46% ASUR 302.66 ▲ 5.42% OMA AIRPORT 108.40 ▲ 6.51% AMX ADR 27.32 ▼ 1.55% FEMSA ADR 127.17 ▼ 1.70% CEMEX ADR 13.07 ▲ 0.65% PETROBRAS ADR 17.44 ▼ 5.14% VALE ADR 16.25 ▲ 3.41% ITAU ADR 8.00 ▲ 0.06% SANTANDER BR 5.44 ▲ 0.28% AMBEV ADR 3.27 ▲ 0.46% CSN 1.26 ▲ 2.87% GERDAU 4.67 ▼ 1.79% LATAM ADR 56.14 ▲ 5.43% BTC 66,800 ▲ 1.66% ETH 1,827 ▲ 5.94% SOL 74.86 ▲ 5.19% XRP 1.27 ▲ 7.47% BNB 625.21 ▲ 1.48% ADA 0.19 ▲ 1.87% DOGE 0.09 ▲ 1.00% AVAX 6.99 ▲ 3.16% LINK 8.47 ▲ 3.71% DOT 1.03 ▲ 3.47% LTC 45.95 ▲ 1.30% BCH 224.76 ▲ 7.02% TRX 0.32 ▼ 0.33% XLM 0.23 ▲ 18.46% HBAR 0.08 ▲ 2.34% NEAR 2.47 ▲ 11.71% ATOM 1.97 ▼ 1.59% AAVE 75.50 ▲ 10.63% SELIC 14.50% EMBRAER 77.78 ▲ 6.77% EMBRAER ADR 61.47 ▲ 6.35% JBS 12.24 ▼ 2.37% JBS BDR 61.84 ▼ 1.81% MBRF3 15.82 ▼ 1.06% MBRFY 3.08 ▲ 2.67% INTER 5.83 ▲ 1.04% IBOV 171,636 ▲ 0.29% IPSA 10,913 ▼ 0.09% IPC MEX 68,641 ▲ 1.01% MERVAL 3,352,708 ▼ 0.01% COLCAP 2,386.78 ▲ 1.53% BVL PERÚ 56,321.11 ▲ 7.67% USD/BRL 5.06 ▼ 0.08% USD/MXN 17.19 ▼ 0.01% USD/CLP 890.13 ▼ 1.02% USD/COP 3,490 ▲ 0.00% USD/PEN 3.38 ▼ 0.59% USD/ARS 1,429 ▼ 0.05% USD/UYU 40.35 ▼ 0.47% USD/PYG 6,094 — 0.00% USD/BOB 6.86 ▲ 0.15% USD/DOP 58.90 ▲ 0.37% USD/CRC 452.40 ▲ 0.13% USD/GTQ 7.61 ▼ 0.01% USD/HNL 26.66 ▲ 0.01% USD/NIO 36.62 — 0.00% USD/VES 585.94 ▼ 0.13% USD/PAB 1.00 ▲ 2.27% USD/BZD 2.00 ▲ 1.69% USD/JMD 157.29 ▲ 0.46% USD/TTD 6.76 ▲ 1.44% EUR/BRL 5.87 ▼ 0.15% BRENT 83.22 ▼ 4.71% WTI 80.51 ▼ 5.15% IRON ORE 161.91 — — COPPER 6.50 ▲ 1.00% GOLD 4,360 ▲ 3.43% SILVER 70.35 ▲ 3.67% SOY 1,133 ▲ 1.75% CORN 414.75 ▲ 0.48% WHEAT 586.75 ▲ 0.38% COFFEE 259.20 ▲ 0.78% SUGAR 14.21 ▲ 3.72% ORANGE JUICE 157.50 ▼ 3.55% COTTON 76.76 ▲ 5.24% COCOA 3,977 ▲ 5.24% BEEF 242.70 ▼ 2.87% CATTLE 361.48 ▲ 1.13% LITHIUM 84.11 ▲ 2.11% PETR4 39.22 ▼ 4.76% VALE3 82.30 ▲ 3.95% ITUB4 40.67 ▲ 0.17% BBDC4 17.76 ▼ 0.22% ABEV3 16.65 ▲ 0.24% BBAS3 19.50 ▲ 0.21% B3SA3 15.27 ▲ 0.26% WEGE3 42.74 ▲ 0.31% PRIO3 57.81 ▼ 5.75% SUZB3 43.02 ▲ 3.61% RENT3 41.08 ▲ 0.93% AZZA3 17.33 ▲ 0.81% CSAN3 3.32 ▼ 0.60% RAIZ4 0.42 ▼ 2.33% PCAR3 1.77 ▲ 14.19% GMAT3 4.02 ▲ 1.52% PSSA3 50.20 ▼ 0.57% CVCB3 1.42 ▲ 2.16% POSI3 3.74 ▲ 2.75% SLCE3 14.31 ▲ 0.42% NATU3 8.45 ▼ 1.29% BRKM5 9.13 ▲ 0.33% RANI3 7.95 — 0.00% CSNA3 6.26 ▲ 3.47% CMIN3 4.46 ▲ 3.72% USIM5 11.10 ▲ 2.30% GGBR4 23.49 ▼ 1.63% ENEV3 24.78 ▲ 0.98% NEOE3 33.80 — 0.00% CPFE3 44.20 ▼ 0.50% CMIG4 10.78 ▲ 0.47% EQTL3 38.73 ▼ 0.10% LREN3 15.37 ▼ 0.07% VIVT3 33.71 ▲ 0.54% RAIL3 13.39 ▲ 0.22% KLABIN 17.30 ▲ 2.49% RAIA DROGASIL 17.47 ▲ 0.06% RDOR3 34.34 ▲ 0.76% HAPV3 11.56 ▲ 1.40% FLRY3 14.98 ▼ 1.32% SMTO3 16.15 ▲ 2.22% UGPA3 24.25 ▼ 2.22% VBBR3 28.75 ▼ 1.37% BBSE3 37.68 ▼ 0.50% BPAC11 51.21 ▲ 1.63% CURY3 33.50 ▲ 4.33% AERI3 2.33 — 0.00% VIVARA 21.55 ▲ 1.03% COMPASS 25.59 ▲ 1.19% VAMOS 3.05 ▲ 0.66% SANB11 27.25 ▲ 0.44% ASAI3 7.93 ▼ 2.10% SBSP3 28.01 ▲ 1.71% WALMEX 52.47 ▲ 0.75% GMEXICO 214.44 ▲ 2.27% FEMSA 219.21 ▼ 1.54% CEMEX 22.50 ▲ 0.58% GFNORTE 189.40 ▲ 0.40% BIMBO 58.70 ▲ 0.95% TELEVISA 10.04 ▲ 0.90% AMX 23.57 ▼ 1.30% GAP 424.76 ▲ 3.92% ASUR 302.66 ▲ 5.42% OMA 232.48 ▲ 6.04% KOF 184.50 ▼ 1.85% GRUMA 293.22 ▼ 0.96% KIMBER 37.39 ▼ 0.27% SQM-B 73,400 ▼ 2.78% COPEC 6,087 ▼ 0.54% BSANTANDER 73.54 ▼ 0.08% FALABELLA 5,970 ▲ 0.33% ENELAM 78.67 ▼ 1.13% CENCOSUD 2,261 ▲ 0.58% CMPC 1,067 ▲ 0.69% BANCO CHILE 181.00 ▼ 0.55% LATAM AIR 24.98 ▲ 4.34% YPF 83,400 ▼ 0.36% GGAL 8,210 ▼ 0.73% PAMPA 5,290 ▼ 0.28% TXAR 694.00 ▼ 0.93% ALUAR 1,029 ▲ 0.19% TGS 9,875 ▼ 0.25% CEPU 2,371 ▼ 1.00% MIRGOR 17,150 ▼ 0.72% COME 44.98 ▼ 2.34% LOMA NEGRA 3,750 — 0.00% BYMA 305.50 ▲ 0.74% TELECOM ARG 4,570 ▼ 3.89% ECOPETROL 15.66 ▼ 5.55% BANCOLOMBIA 81.85 ▲ 2.05% GRUPO AVAL 5.43 ▼ 2.25% CREDICORP 362.11 ▼ 2.01% SOUTHERN COPPER 192.98 ▲ 1.68% BUENAVENTURA 34.29 ▲ 2.60% MERCADOLIBRE 1,652 ▲ 3.95% NUBANK 12.33 ▲ 1.15% XP 16.04 ▲ 0.09% PAGSEGURO 8.97 ▲ 0.11% STONE 11.12 ▼ 1.24% GLOBANT 37.23 ▼ 0.69% TECNOGLASS 44.30 ▲ 1.16% GAP AIRPORT 247.46 ▲ 4.46% ASUR 302.66 ▲ 5.42% OMA AIRPORT 108.40 ▲ 6.51% AMX ADR 27.32 ▼ 1.55% FEMSA ADR 127.17 ▼ 1.70% CEMEX ADR 13.07 ▲ 0.65% PETROBRAS ADR 17.44 ▼ 5.14% VALE ADR 16.25 ▲ 3.41% ITAU ADR 8.00 ▲ 0.06% SANTANDER BR 5.44 ▲ 0.28% AMBEV ADR 3.27 ▲ 0.46% CSN 1.26 ▲ 2.87% GERDAU 4.67 ▼ 1.79% LATAM ADR 56.14 ▲ 5.43% BTC 66,800 ▲ 1.66% ETH 1,827 ▲ 5.94% SOL 74.86 ▲ 5.19% XRP 1.27 ▲ 7.47% BNB 625.21 ▲ 1.48% ADA 0.19 ▲ 1.87% DOGE 0.09 ▲ 1.00% AVAX 6.99 ▲ 3.16% LINK 8.47 ▲ 3.71% DOT 1.03 ▲ 3.47% LTC 45.95 ▲ 1.30% BCH 224.76 ▲ 7.02% TRX 0.32 ▼ 0.33% XLM 0.23 ▲ 18.46% HBAR 0.08 ▲ 2.34% NEAR 2.47 ▲ 11.71% ATOM 1.97 ▼ 1.59% AAVE 75.50 ▲ 10.63% SELIC 14.50% EMBRAER 77.78 ▲ 6.77% EMBRAER ADR 61.47 ▲ 6.35% JBS 12.24 ▼ 2.37% JBS BDR 61.84 ▼ 1.81% MBRF3 15.82 ▼ 1.06% MBRFY 3.08 ▲ 2.67% INTER 5.83 ▲ 1.04%
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Monday, June 15, 2026

Brazil’s 2026 Race Tightens as Flávio Bolsonaro Closes the Gap on Lula

By · February 12, 2026 · 3 min read

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Key Points

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A Genial/Quaest poll shows Lula leading Flávio Bolsonaro by just five points in a simulated runoff — 43% to 38% — the narrowest margin since tracking began, down from 16 points in August 2025.

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São Paulo Governor Tarcísio de Freitas was dropped from the poll for the first time after endorsing Flávio and confirming he will seek reelection rather than run for president.

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Both frontrunners carry rejection rates above 50%, signaling a polarized electorate where the shrinking pool of independent voters may decide the outcome.

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Eight months before Brazilians vote, the presidential race that many expected to be a comfortable reelection for Lula is turning into a genuine contest. A new poll shows the incumbent’s lead over his main challenger shrinking month by month — and the consolidation of Brazil’s fractured right is accelerating the trend. This is part of The Rio Times’ daily coverage of Brazil politics and Latin American financial news.

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The Genial/Quaest survey, conducted February 5–9 among 2,004 voters with a two-point margin of error, tested seven first-round scenarios. In the tightest, Lula drew 37% against Flávio’s 33% — a statistical tie. In a simulated runoff, Lula’s five-point advantage is a sharp drop from the 16-point cushion he held just six months ago.

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The shift reflects the right coalescing behind one name. Tarcísio de Freitas, the São Paulo governor once seen as Wall Street’s preferred candidate, formally endorsed Flávio in late January after visiting his jailed father at Brasília’s Papuda prison complex. Jair Bolsonaro — serving 27 years for his role in the 2022 coup attempt and barred from office until 2030 — anointed his eldest son as the movement’s standard-bearer. The endorsement effectively cleared the field on the hard right, and the poll captured the result: Flávio grew six points in a single month in the most competitive first-round scenario.

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Brazil’s 2026 Race Tightens as Flávio Bolsonaro Closes the Gap on Lula. (Photo Internet reproduction)
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Not all of the right is falling in line. The centrist PSD has assembled three governors — Paraná’s Ratinho Júnior, Goiás’s Ronaldo Caiado, and Rio Grande do Sul’s Eduardo Leite — and plans to field its own candidate by April. Ratinho Júnior polled best at 8%, but the others stayed in low single digits. Analysts say the first round will function as an informal right-wing primary: if centrist candidates siphon enough votes, Lula’s path to reelection becomes far easier.

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Lula’s own position offers little room for complacency. The poll puts his disapproval at 49% against 45% approval, while 54% of voters reject him — nearly matching Flávio’s 55%. At a rally in Salvador last weekend, the president told supporters “this election will be a war.” With 17% of runoff voters choosing neither candidate, October may hinge less on either camp’s strength than on which side better persuades an exhausted middle to show up. For now, the trend favors the challenger.

Related coverage: Brazil’s Morning Call | Brazil’s Services Sector Stumbles as Transport Collapse Clos

For the full picture, see our Brazil Elections 2026: Complete Guide.

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