IBOV 176,363 ▼ 0.56% COLCAP 2,118 ▼ 0.22% IPSA 10,732 ▼ 0.86% IPC MEX 68,811 ▲ 0.81% MERVAL 2,893,596 ▲ 1.66% BVL PERÚ 19,767 ▲ 0.37% USD/BRL 5.02 ▲ 0.08% USD/MXN 17.32 ▲ 0.27% USD/CLP 893.43 ▼ 0.23% USD/COP 3,633 ▼ 1.27% USD/PEN 3.40 ▼ 0.47% USD/ARS 1,405 ▲ 0.29% USD/UYU 40.01 ▲ 1.62% USD/PYG 6,131 ▲ 2.87% USD/DOP 58.91 ▲ 1.50% USD/CRC 449.72 ▲ 2.46% USD/GTQ 7.62 ▲ 2.64% USD/NIO 36.62 ▲ 1.03% USD/VES 534.05 ▲ 0.79% USD/PAB 1.00 ▲ 2.57% USD/BZD 2.00 ▲ 2.00% USD/JMD 156.59 ▲ 0.54% USD/TTD 6.72 ▲ 1.37% EUR/BRL 5.84 ▼ 0.14% BRENT 96.82 ▼ 6.49% WTI 93.63 ▼ 3.07% IRON ORE 161.91 — — COPPER 6.40 ▲ 0.95% GOLD 4,520 ▼ 0.02% SILVER 76.76 ▲ 1.14% SOY 1,188 ▼ 0.71% CORN 458.25 ▼ 1.08% WHEAT 640.50 ▼ 0.89% COFFEE 272.40 ▲ 0.02% SUGAR 14.58 ▼ 0.82% ORANGE JUICE 169.45 ▼ 1.17% COTTON 77.56 ▲ 0.18% COCOA 4,168 ▲ 9.80% BEEF 239.93 ▼ 3.76% CATTLE 351.00 ▲ 0.33% LITHIUM 86.15 ▲ 1.02% PETR4 43.29 ▼ 0.25% VALE3 83.22 ▼ 0.44% ITUB4 39.81 ▼ 1.26% BBDC4 17.81 ▼ 1.44% ABEV3 16.45 ▲ 0.30% BBAS3 21.23 ▼ 1.99% B3SA3 17.07 ▼ 1.10% WEGE3 43.04 ▼ 0.62% PRIO3 65.12 ▲ 1.26% SUZB3 41.62 ▲ 0.51% AZZA3 20.27 ▼ 2.97% CSAN3 4.17 ▼ 5.01% RAIZ4 0.39 ▼ 4.88% PCAR3 2.03 ▼ 1.93% GMAT3 4.34 ▼ 2.47% PSSA3 48.73 ▼ 1.04% CVCB3 1.74 ▼ 2.25% POSI3 4.11 ▲ 0.24% SLCE3 16.17 ▼ 0.31% NATU3 10.18 ▼ 3.32% RANI3 7.96 ▼ 0.87% CMIN3 4.55 ▲ 1.34% USIM5 9.96 ▼ 0.60% GGBR4 23.88 ▼ 1.24% ENEV3 25.05 ▼ 0.67% NEOE3 33.80 — 0.00% CPFE3 43.19 ▼ 0.25% CMIG4 11.21 ▼ 0.53% EQTL3 38.48 ▼ 0.05% LREN3 15.16 ▼ 1.62% VIVT3 33.68 ▲ 0.42% RAIL3 14.09 ▼ 1.88% KLABIN 16.60 ▲ 0.30% RAIA DROGASIL 17.90 ▼ 3.14% RDOR3 34.57 ▲ 0.17% FLRY3 15.79 ▼ 0.82% SMTO3 17.18 ▼ 0.75% UGPA3 28.09 ▼ 1.23% VBBR3 31.68 ▼ 1.86% BPAC11 54.92 ▼ 1.75% CURY3 31.97 ▲ 0.28% AERI3 2.35 — 0.00% VIVARA 22.42 ▼ 1.36% COMPASS 26.65 ▼ 2.24% VAMOS 3.27 ▼ 2.97% ASAI3 9.07 ▼ 0.55% SBSP3 28.93 ▼ 0.58% WALMEX 55.11 ▼ 0.16% GMEXICO 212.85 ▲ 3.52% FEMSA 211.22 ▲ 0.57% GFNORTE 191.50 ▲ 1.52% BIMBO 58.47 ▲ 0.88% TELEVISA 9.63 ▼ 0.21% AMX 22.39 ▲ 0.49% GAP 419.61 ▼ 1.31% ASUR 305.75 ▲ 1.32% OMA 216.50 ▼ 4.72% KOF 188.08 ▲ 0.96% SQM-B 73,132 ▼ 0.51% COPEC 6,400 ▼ 0.31% BSANTANDER 70.76 ▼ 1.15% FALABELLA 5,910 ▼ 0.32% ENELAM 77.88 ▼ 0.79% CENCOSUD 2,235 ▲ 1.59% CMPC 1,130 ▼ 1.31% BANCO CHILE 171.40 ▼ 0.44% LATAM AIR 23.17 ▼ 2.44% YPF 71,475 ▲ 0.63% GGAL 6,650 ▲ 3.02% PAMPA 4,803 ▲ 0.42% TXAR 643.00 ▲ 1.42% ALUAR 938.50 — 0.00% TGS 8,600 ▼ 0.98% CEPU 2,133 ▲ 2.70% MIRGOR 16,350 — 0.00% COME 43.97 ▲ 0.62% LOMA NEGRA 3,345 ▲ 2.06% TELECOM ARG 3,690 ▲ 5.66% ECOPETROL 14.46 ▲ 4.37% BANCOLOMBIA 69.81 ▲ 5.97% GRUPO AVAL 4.53 ▲ 7.09% CREDICORP 342.99 ▲ 2.60% SOUTHERN COPPER 188.20 ▲ 4.75% BUENAVENTURA 35.16 ▲ 5.08% NUBANK 12.77 ▲ 0.31% XP 17.02 ▲ 1.16% PAGSEGURO 9.10 ▼ 0.44% STONE 11.09 ▲ 0.82% GLOBANT 38.92 ▼ 3.02% TECNOGLASS 40.89 ▼ 0.66% GAP AIRPORT 241.60 ▲ 0.50% ASUR 305.75 ▲ 1.32% OMA AIRPORT 100.74 ▼ 2.39% AMX ADR 25.79 ▼ 1.34% FEMSA ADR 121.75 ▲ 0.39% CEMEX ADR 12.84 ▲ 2.19% PETROBRAS ADR 19.46 ▼ 2.24% VALE ADR 16.56 ▲ 0.46% ITAU ADR 7.90 ▲ 0.96% SANTANDER BR 5.45 ▲ 1.11% AMBEV ADR 3.25 ▲ 1.56% CSN 1.36 ▲ 0.37% GERDAU 4.76 ▲ 0.19% LATAM ADR 51.68 ▲ 3.59% BTC 76,802 ▼ 0.62% ETH 2,107 ▼ 0.21% SOL 85.17 ▲ 0.19% XRP 1.35 ▲ 0.14% BNB 662.06 ▼ 0.04% ADA 0.24 ▲ 0.10% DOGE 0.10 ▲ 0.73% LINK 9.53 ▲ 0.32% DOT 1.29 ▲ 2.36% LTC 52.60 ▼ 0.11% BCH 351.06 ▼ 0.08% TRX 0.37 ▲ 0.84% XLM 0.15 ▼ 0.23% NEAR 2.84 ▲ 2.12% AAVE 87.45 ▲ 1.34% SELIC 14.50% USD/BOB 6.85 ▲ 2.04% USD/HNL 26.62 ▲ 2.09% RENT3 43.53 ▼ 3.05% BRKM5 12.08 ▼ 2.58% CSNA3 6.72 — 0.00% EMBRAER 72.56 ▼ 0.98% EMBRAER ADR 57.83 ▲ 0.43% JBS 12.92 ▼ 2.23% JBS BDR 64.70 ▼ 2.63% MBRF3 16.04 ▼ 1.23% MBRFY 3.25 ▼ 2.69% HAPV3 12.11 ▼ 2.34% BBSE3 34.63 ▲ 0.03% INTER 6.23 ▲ 1.06% SANB11 27.14 ▼ 1.81% CEMEX 22.21 ▲ 0.63% GRUMA 297.51 ▲ 0.66% KIMBER 37.72 — 0.00% BYMA 287.00 ▲ 0.61% MERCADOLIBRE 1,632 ▼ 1.96% IBOV 176,363 ▼ 0.56% COLCAP 2,118 ▼ 0.22% IPSA 10,732 ▼ 0.86% IPC MEX 68,811 ▲ 0.81% MERVAL 2,893,596 ▲ 1.66% BVL PERÚ 19,767 ▲ 0.37% USD/BRL 5.02 ▲ 0.08% USD/MXN 17.32 ▲ 0.27% USD/CLP 893.43 ▼ 0.23% USD/COP 3,633 ▼ 1.27% USD/PEN 3.40 ▼ 0.47% USD/ARS 1,405 ▲ 0.29% USD/UYU 40.01 ▲ 1.62% USD/PYG 6,131 ▲ 2.87% USD/DOP 58.91 ▲ 1.50% USD/CRC 449.72 ▲ 2.46% USD/GTQ 7.62 ▲ 2.64% USD/NIO 36.62 ▲ 1.03% USD/VES 534.05 ▲ 0.79% USD/PAB 1.00 ▲ 2.57% USD/BZD 2.00 ▲ 2.00% USD/JMD 156.59 ▲ 0.54% USD/TTD 6.72 ▲ 1.37% EUR/BRL 5.84 ▼ 0.14% BRENT 96.82 ▼ 6.49% WTI 93.63 ▼ 3.07% IRON ORE 161.91 — — COPPER 6.40 ▲ 0.95% GOLD 4,520 ▼ 0.02% SILVER 76.76 ▲ 1.14% SOY 1,188 ▼ 0.71% CORN 458.25 ▼ 1.08% WHEAT 640.50 ▼ 0.89% COFFEE 272.40 ▲ 0.02% SUGAR 14.58 ▼ 0.82% ORANGE JUICE 169.45 ▼ 1.17% COTTON 77.56 ▲ 0.18% COCOA 4,168 ▲ 9.80% BEEF 239.93 ▼ 3.76% CATTLE 351.00 ▲ 0.33% LITHIUM 86.15 ▲ 1.02% PETR4 43.29 ▼ 0.25% VALE3 83.22 ▼ 0.44% ITUB4 39.81 ▼ 1.26% BBDC4 17.81 ▼ 1.44% ABEV3 16.45 ▲ 0.30% BBAS3 21.23 ▼ 1.99% B3SA3 17.07 ▼ 1.10% WEGE3 43.04 ▼ 0.62% PRIO3 65.12 ▲ 1.26% SUZB3 41.62 ▲ 0.51% AZZA3 20.27 ▼ 2.97% CSAN3 4.17 ▼ 5.01% RAIZ4 0.39 ▼ 4.88% PCAR3 2.03 ▼ 1.93% GMAT3 4.34 ▼ 2.47% PSSA3 48.73 ▼ 1.04% CVCB3 1.74 ▼ 2.25% POSI3 4.11 ▲ 0.24% SLCE3 16.17 ▼ 0.31% NATU3 10.18 ▼ 3.32% RANI3 7.96 ▼ 0.87% CMIN3 4.55 ▲ 1.34% USIM5 9.96 ▼ 0.60% GGBR4 23.88 ▼ 1.24% ENEV3 25.05 ▼ 0.67% NEOE3 33.80 — 0.00% CPFE3 43.19 ▼ 0.25% CMIG4 11.21 ▼ 0.53% EQTL3 38.48 ▼ 0.05% LREN3 15.16 ▼ 1.62% VIVT3 33.68 ▲ 0.42% RAIL3 14.09 ▼ 1.88% KLABIN 16.60 ▲ 0.30% RAIA DROGASIL 17.90 ▼ 3.14% RDOR3 34.57 ▲ 0.17% FLRY3 15.79 ▼ 0.82% SMTO3 17.18 ▼ 0.75% UGPA3 28.09 ▼ 1.23% VBBR3 31.68 ▼ 1.86% BPAC11 54.92 ▼ 1.75% CURY3 31.97 ▲ 0.28% AERI3 2.35 — 0.00% VIVARA 22.42 ▼ 1.36% COMPASS 26.65 ▼ 2.24% VAMOS 3.27 ▼ 2.97% ASAI3 9.07 ▼ 0.55% SBSP3 28.93 ▼ 0.58% WALMEX 55.11 ▼ 0.16% GMEXICO 212.85 ▲ 3.52% FEMSA 211.22 ▲ 0.57% GFNORTE 191.50 ▲ 1.52% BIMBO 58.47 ▲ 0.88% TELEVISA 9.63 ▼ 0.21% AMX 22.39 ▲ 0.49% GAP 419.61 ▼ 1.31% ASUR 305.75 ▲ 1.32% OMA 216.50 ▼ 4.72% KOF 188.08 ▲ 0.96% SQM-B 73,132 ▼ 0.51% COPEC 6,400 ▼ 0.31% BSANTANDER 70.76 ▼ 1.15% FALABELLA 5,910 ▼ 0.32% ENELAM 77.88 ▼ 0.79% CENCOSUD 2,235 ▲ 1.59% CMPC 1,130 ▼ 1.31% BANCO CHILE 171.40 ▼ 0.44% LATAM AIR 23.17 ▼ 2.44% YPF 71,475 ▲ 0.63% GGAL 6,650 ▲ 3.02% PAMPA 4,803 ▲ 0.42% TXAR 643.00 ▲ 1.42% ALUAR 938.50 — 0.00% TGS 8,600 ▼ 0.98% CEPU 2,133 ▲ 2.70% MIRGOR 16,350 — 0.00% COME 43.97 ▲ 0.62% LOMA NEGRA 3,345 ▲ 2.06% TELECOM ARG 3,690 ▲ 5.66% ECOPETROL 14.46 ▲ 4.37% BANCOLOMBIA 69.81 ▲ 5.97% GRUPO AVAL 4.53 ▲ 7.09% CREDICORP 342.99 ▲ 2.60% SOUTHERN COPPER 188.20 ▲ 4.75% BUENAVENTURA 35.16 ▲ 5.08% NUBANK 12.77 ▲ 0.31% XP 17.02 ▲ 1.16% PAGSEGURO 9.10 ▼ 0.44% STONE 11.09 ▲ 0.82% GLOBANT 38.92 ▼ 3.02% TECNOGLASS 40.89 ▼ 0.66% GAP AIRPORT 241.60 ▲ 0.50% ASUR 305.75 ▲ 1.32% OMA AIRPORT 100.74 ▼ 2.39% AMX ADR 25.79 ▼ 1.34% FEMSA ADR 121.75 ▲ 0.39% CEMEX ADR 12.84 ▲ 2.19% PETROBRAS ADR 19.46 ▼ 2.24% VALE ADR 16.56 ▲ 0.46% ITAU ADR 7.90 ▲ 0.96% SANTANDER BR 5.45 ▲ 1.11% AMBEV ADR 3.25 ▲ 1.56% CSN 1.36 ▲ 0.37% GERDAU 4.76 ▲ 0.19% LATAM ADR 51.68 ▲ 3.59% BTC 76,802 ▼ 0.62% ETH 2,107 ▼ 0.21% SOL 85.17 ▲ 0.19% XRP 1.35 ▲ 0.14% BNB 662.06 ▼ 0.04% ADA 0.24 ▲ 0.10% DOGE 0.10 ▲ 0.73% LINK 9.53 ▲ 0.32% DOT 1.29 ▲ 2.36% LTC 52.60 ▼ 0.11% BCH 351.06 ▼ 0.08% TRX 0.37 ▲ 0.84% XLM 0.15 ▼ 0.23% NEAR 2.84 ▲ 2.12% AAVE 87.45 ▲ 1.34% SELIC 14.50% USD/BOB 6.85 ▲ 2.04% USD/HNL 26.62 ▲ 2.09% RENT3 43.53 ▼ 3.05% BRKM5 12.08 ▼ 2.58% CSNA3 6.72 — 0.00% EMBRAER 72.56 ▼ 0.98% EMBRAER ADR 57.83 ▲ 0.43% JBS 12.92 ▼ 2.23% JBS BDR 64.70 ▼ 2.63% MBRF3 16.04 ▼ 1.23% MBRFY 3.25 ▼ 2.69% HAPV3 12.11 ▼ 2.34% BBSE3 34.63 ▲ 0.03% INTER 6.23 ▲ 1.06% SANB11 27.14 ▼ 1.81% CEMEX 22.21 ▲ 0.63% GRUMA 297.51 ▲ 0.66% KIMBER 37.72 — 0.00% BYMA 287.00 ▲ 0.61% MERCADOLIBRE 1,632 ▼ 1.96%
since 2009
Tuesday, May 26, 2026

Brazil Brazil Elections 2026

Lula’s Coalition Faces 30-Year Loyalty Low, Threatening 2026 Election Plans

By · June 29, 2025 · 3 min read

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Brazil’s President Luiz Inácio Lula da Silva is facing the least reliable support from his congressional allies in three decades, according to official voting records.
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\nOnly 72% of lawmakers from parties with ministries have backed Lula’s government in key votes this term.
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\nThis is the lowest rate since 1995 and matches the level seen during the impeachment crisis of former President Dilma Rousseff.
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\nPast presidents like Fernando Henrique Cardoso and Michel Temer enjoyed much higher rates, above 90%.
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\nThis weak support has led to important defeats for Lula. In June 2025, Congress overturned his decree to raise the IOF tax on financial transactions.
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\nEven parties with ministers in Lula’s cabinet, such as União Brasil, MDB, PSD, Republicanos, PP, PDT, and PSB, mostly voted against him.
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\nOut of 513 deputies, only 98 supported Lula’s position, while 383 opposed it. The Senate also rejected the measure.
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\nThis was the first time since 1992 that Congress had overturned a presidential decree, showing how fragile Lula’s base has become.
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\nSeveral reasons explain this situation. In recent years, Congress has become more independent.
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Lula’s Coalition Faces 30-Year Loyalty Low, Threatening 2026 Election Plans
Lula’s Coalition Faces 30-Year Loyalty Low, Threatening 2026 Election Plans

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Lula’s Coalition Faces 30-Year Loyalty Low, Threatening 2026 Election Plans

\nChanges in the law made most parliamentary amendments mandatory, meaning lawmakers get their funding regardless of how they vote.
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\nMinistries, once powerful bargaining chips, lost influence because much of their budgets are now earmarked for these amendments. As a result, party leaders in Congress now hold more power than ministers.
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\nLula’s own approach has made things harder. Deputies from allied parties say Lula has kept his distance from direct negotiations and given the most important ministries to his own Workers’ Party.
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\nThis has frustrated coalition partners, who want more influence and better positions in government. Some parties, like the PSD, have publicly criticized Lula for not giving them more relevant ministries.
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\nLula’s popularity is also falling. The latest Datafolha poll shows his approval rating at 28% and disapproval at 40%, among the lowest in his three terms.
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\nAs Lula’s image weakens, parties see less reason to support him, especially with the 2026 presidential election approaching. Many are already considering their own candidates.
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\nThe opposition has taken advantage of this. Leaders from the Liberal Party argue that Lula’s government focuses on tax increases and fights with Congress.
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\nThey claim the government tries to blame lawmakers for unpopular measures, like higher electricity bills.
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\nMost of Lula’s coalition now comes from center-right and right-wing parties, which together hold almost half the seats in the Chamber of Deputies.
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\nThese parties have often opposed Lula on key issues, including investigations, prisoner leave policies, and land demarcation rules. Many are preparing to run their own presidential candidates in 2026.
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\nWith traditional bargaining tools weakened and his popularity down, Lula has few options left to unify his base.
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\nThe government is now pushing to pass measures like income tax exemptions and expanded social programs to regain support before the 2026 election, but these face strong resistance in Congress.
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For the full picture, see our Brazil Elections 2026: Complete Guide.

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