IBOV 175,699.79 ▼ 0.53% IPSA 11,036.77 ▲ 0.11% IPC MEX 66,529.27 ▲ 0.85% MERVAL 3,251,266 ▲ 0.68% COLCAP 2,294.60 ▼ 0.18% BVL PERÚ 57,174.37 — — USD/BRL5.08▲ 0.11% USD/MXN17.39▼ 0.20% USD/CLP924.58▼ 0.21% USD/COP3,237▲ 0.04% USD/PEN3.40▲ 0.18% USD/ARS1,473▲ 0.17% USD/UYU40.15▲ 1.04% USD/PYG6,039▲ 1.28% USD/BOB10.65▲ 5.99% USD/DOP58.27▼ 0.05% USD/CRC447.49▲ 0.88% USD/GTQ7.62▲ 2.09% USD/HNL26.73▼ 0.01% USD/NIO36.62▲ 0.31% USD/VES723.93▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.72▲ 0.14% USD/TTD6.76▲ 1.32% EUR/BRL5.81▼ 0.78% BRENT 83.47 ▼ 1.49% WTI 78.44 ▼ 1.13% IRON ORE 161.91 — — COPPER 6.37 ▲ 0.65% GOLD 4,052 ▼ 0.23% SILVER 57.94 ▼ 1.42% SOY 1,201 ▼ 0.52% CORN 469.00 ▲ 8.13% WHEAT 680.00 ▲ 7.72% COFFEE 334.75 ▼ 0.73% SUGAR 14.86 ▼ 0.13% ORANGE JUICE 136.85 ▼ 2.42% COTTON 81.20 ▲ 2.01% COCOA 5,855 ▲ 3.45% BEEF 226.48 ▼ 2.14% CATTLE 349.73 ▲ 0.27% LITHIUM 70.93 ▼ 0.90% PETR4 40.45 ▼ 0.52% VALE3 74.11 ▲ 0.14% ITUB4 43.37 ▼ 0.60% BBDC4 18.54 ▼ 0.48% ABEV3 15.70 ▼ 0.70% BBAS3 20.59 — 0.00% B3SA3 15.74 ▲ 2.67% WEGE3 43.82 ▼ 0.86% PRIO3 57.66 ▲ 0.16% SUZB3 41.79 ▲ 1.65% RENT3 40.57 ▲ 0.07% AZZA3 18.76 ▼ 0.48% CSAN3 3.86 ▼ 0.77% RAIZ4 0.30 ▼ 3.23% PCAR3 2.31 ▼ 5.71% GMAT3 3.98 ▲ 0.51% PSSA3 55.16 ▲ 1.60% CVCB3 1.36 ▼ 1.45% POSI3 3.95 ▼ 1.00% SLCE3 13.61 ▼ 1.45% NATU3 8.52 ▼ 0.35% BRKM5 6.43 ▼ 5.86% RANI3 8.06 ▲ 0.62% CSNA3 5.10 ▼ 1.92% CMIN3 5.10 — 0.00% USIM5 8.13 ▼ 1.22% GGBR4 23.66 ▲ 1.46% ENEV3 26.98 ▼ 0.70% CPFE3 47.17 ▼ 0.06% CMIG4 11.16 ▼ 0.36% EQTL3 40.74 ▼ 0.51% LREN3 14.15 ▼ 0.98% VIVT3 35.52 — 0.00% RAIL3 14.06 ▼ 0.50% KLABIN 17.48 ▲ 0.92% RAIA DROGASIL 18.69 ▲ 0.48% RDOR3 36.17 ▲ 0.33% HAPV3 11.02 ▼ 1.52% FLRY3 16.54 ▲ 0.79% SMTO3 15.56 ▼ 3.47% UGPA3 30.65 ▲ 1.79% VBBR3 33.46 ▲ 0.48% BBSE3 40.69 ▲ 0.74% BPAC11 57.36 ▼ 1.02% CURY3 33.37 ▼ 0.66% AERI3 2.04 ▼ 1.45% VIVARA 23.31 ▼ 0.51% COMPASS 25.10 ▼ 0.40% VAMOS 3.10 ▼ 1.59% SANB11 27.12 ▼ 0.80% ASAI3 8.77 ▲ 1.27% SBSP3 30.21 ▼ 0.43% WALMEX 50.03 ▲ 1.54% GMEXICO 199.88 ▲ 0.16% FEMSA 227.28 ▼ 0.89% CEMEX 22.81 ▲ 2.75% GFNORTE 185.53 ▼ 0.35% BIMBO 57.49 ▲ 2.01% TELEVISA 9.62 ▲ 0.94% AMX 22.84 ▼ 0.04% GAP 393.67 ▼ 0.40% ASUR 282.30 ▲ 2.43% OMA 237.97 ▲ 1.26% KOF 179.36 ▼ 0.29% GRUMA 280.38 ▲ 0.35% KIMBER 38.83 ▲ 1.01% SQM-B 66,499 ▼ 2.06% COPEC 6,230 ▲ 0.32% BSANTANDER 77.53 ▼ 1.41% FALABELLA 5,872 ▼ 0.05% ENELAM 85.60 ▼ 0.17% CENCOSUD 2,041 ▲ 0.03% CMPC 1,093 ▼ 0.91% BANCO CHILE 187.00 ▼ 1.32% LATAM AIR 25.14 ▲ 0.96% YPF 77,475 ▼ 0.39% GGAL 7,990 ▲ 1.01% PAMPA 5,190 ▼ 0.76% TXAR 665.00 ▲ 0.45% ALUAR 952.00 ▲ 0.32% TGS 9,765 ▲ 0.57% CEPU 2,326 ▼ 0.04% MIRGOR 16,450 ▼ 1.79% COME 45.42 ▼ 0.72% LOMA NEGRA 3,598 ▲ 1.84% BYMA 304.50 ▲ 1.16% TELECOM ARG 4,328 ▼ 0.12% ECOPETROL 15.98 ▼ 1.11% BANCOLOMBIA 81.73 ▼ 0.45% GRUPO AVAL 4.98 ▲ 0.61% CREDICORP 396.32 ▲ 1.04% SOUTHERN COPPER 178.96 ▼ 1.88% BUENAVENTURA 30.34 ▼ 2.24% MERCADOLIBRE 1,854 ▼ 1.08% NUBANK 14.10 ▲ 0.78% XP 17.05 ▲ 1.07% PAGSEGURO 9.28 — 0.00% STONE 11.30 — 0.00% GLOBANT 32.33 ▲ 4.56% TECNOGLASS 45.19 ▲ 2.17% GAP AIRPORT 226.22 ▲ 0.12% ASUR 282.30 ▲ 2.43% OMA AIRPORT 109.34 ▲ 1.58% AMX ADR 26.19 ▲ 0.04% FEMSA ADR 130.66 ▼ 1.88% CEMEX ADR 13.15 ▲ 2.73% PETROBRAS ADR 17.77 ▼ 0.87% VALE ADR 14.54 ▼ 0.34% ITAU ADR 8.54 ▼ 0.18% SANTANDER BR 5.38 ▼ 0.28% AMBEV ADR 3.07 ▼ 0.81% CSN 1.01 ▼ 1.95% GERDAU 4.67 ▲ 1.19% LATAM ADR 54.76 ▲ 2.34% BTC 65,407 ▲ 0.69% ETH 1,931 ▲ 2.18% SOL 77.97 ▲ 0.27% XRP 1.12 ▲ 1.24% BNB 581.00 ▼ 0.13% ADA 0.17 ▲ 0.41% DOGE 0.07 ▲ 0.12% AVAX 6.70 ▲ 0.04% LINK 8.56 ▲ 2.68% DOT 0.86 ▲ 0.62% LTC 45.69 ▲ 0.56% BCH 234.15 ▼ 0.99% TRX 0.33 ▲ 0.47% XLM 0.19 ▲ 1.45% HBAR 0.07 ▲ 1.37% NEAR 2.07 ▲ 3.08% ATOM 1.58 ▲ 0.83% AAVE 97.03 ▼ 1.87% SELIC 14.25% EMBRAER 81.86 ▼ 0.76% EMBRAER ADR 64.55 ▼ 0.55% JBS 12.09 ▲ 2.16% JBS BDR 61.28 ▲ 2.56% MBRF3 15.59 ▼ 3.11% MBRFY 3.04 ▼ 3.18% INTER 5.66 ▼ 0.79% EGX 52,558 ▲ 0.50% USD/ZAR16.32▼ 0.34% USD/NGN1,379▼ 0.25% NIKKEI 68,752 ▲ 1.49% CSI300 4,787 ▼ 0.20% HSI 24,681 ▲ 1.40% NIFTY 24,079 ▲ 0.11% KOSPI 7,284 ▲ 6.24% JCI 6,042 ▲ 0.04% USD/JPY162.13▼ 0.08% USD/CNY6.76▼ 0.20% DAX 24,999 ▼ 0.59% CAC 8,384 ▲ 0.20% FTSE 10,514 ▼ 0.15% MIB 52,413 ▼ 0.85% IBEX 19,279 ▼ 0.40% STOXX 642.69 ▲ 0.09% EUR/USD1.14▲ 0.18% GBP/USD1.35▲ 1.03% SPX 7,562 ▲ 0.25% DJI 52,688 ▲ 0.34% NDX 29,442 ▼ 0.49% RUT 2,983 ▲ 0.62% TSX 35,369 ▲ 0.14% VIX 16.23 ▼ 1.64% USD/CAD1.40▼ 0.07% US10Y 4.5610 ▼ 0.52% IBOV 175,699.79 ▼ 0.53% IPSA 11,036.77 ▲ 0.11% IPC MEX 66,529.27 ▲ 0.85% MERVAL 3,251,266 ▲ 0.68% COLCAP 2,294.60 ▼ 0.18% BVL PERÚ 57,174.37 — — USD/BRL 5.08 ▲ 0.16% USD/MXN 17.38 ▼ 0.27% USD/CLP 924.35 ▼ 0.24% USD/COP 3,234 ▼ 0.05% USD/PEN 3.38 ▼ 0.21% USD/ARS 1,473 ▲ 0.17% USD/UYU 40.15 ▲ 1.04% USD/PYG 6,039 ▲ 1.28% USD/BOB 10.65 ▲ 5.99% USD/DOP 58.27 ▼ 0.05% USD/CRC 447.49 ▲ 0.88% USD/GTQ 7.62 ▲ 2.09% USD/HNL 26.73 ▼ 0.01% USD/NIO 36.62 ▲ 0.31% USD/VES 723.93 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.72 ▲ 0.14% USD/TTD 6.76 ▲ 1.32% EUR/BRL 5.81 ▼ 0.77% BRENT 83.47 ▼ 1.49% WTI 78.44 ▼ 1.13% IRON ORE 161.91 — — COPPER 6.37 ▲ 0.65% GOLD 4,052 ▼ 0.23% SILVER 57.94 ▼ 1.42% SOY 1,201 ▼ 0.52% CORN 469.00 ▲ 8.13% WHEAT 680.00 ▲ 7.72% COFFEE 334.75 ▼ 0.73% SUGAR 14.86 ▼ 0.13% ORANGE JUICE 136.85 ▼ 2.42% COTTON 81.20 ▲ 2.01% COCOA 5,855 ▲ 3.45% BEEF 226.48 ▼ 2.14% CATTLE 349.73 ▲ 0.27% LITHIUM 70.93 ▼ 0.90% PETR4 40.45 ▼ 0.52% VALE3 74.11 ▲ 0.14% ITUB4 43.37 ▼ 0.60% BBDC4 18.54 ▼ 0.48% ABEV3 15.70 ▼ 0.70% BBAS3 20.59 — 0.00% B3SA3 15.74 ▲ 2.67% WEGE3 43.82 ▼ 0.86% PRIO3 57.66 ▲ 0.16% SUZB3 41.79 ▲ 1.65% RENT3 40.57 ▲ 0.07% AZZA3 18.76 ▼ 0.48% CSAN3 3.86 ▼ 0.77% RAIZ4 0.30 ▼ 3.23% PCAR3 2.31 ▼ 5.71% GMAT3 3.98 ▲ 0.51% PSSA3 55.16 ▲ 1.60% CVCB3 1.36 ▼ 1.45% POSI3 3.95 ▼ 1.00% SLCE3 13.61 ▼ 1.45% NATU3 8.52 ▼ 0.35% BRKM5 6.43 ▼ 5.86% RANI3 8.06 ▲ 0.62% CSNA3 5.10 ▼ 1.92% CMIN3 5.10 — 0.00% USIM5 8.13 ▼ 1.22% GGBR4 23.66 ▲ 1.46% ENEV3 26.98 ▼ 0.70% CPFE3 47.17 ▼ 0.06% CMIG4 11.16 ▼ 0.36% EQTL3 40.74 ▼ 0.51% LREN3 14.15 ▼ 0.98% VIVT3 35.52 — 0.00% RAIL3 14.06 ▼ 0.50% KLABIN 17.48 ▲ 0.92% RAIA DROGASIL 18.69 ▲ 0.48% RDOR3 36.17 ▲ 0.33% HAPV3 11.02 ▼ 1.52% FLRY3 16.54 ▲ 0.79% SMTO3 15.56 ▼ 3.47% UGPA3 30.65 ▲ 1.79% VBBR3 33.46 ▲ 0.48% BBSE3 40.69 ▲ 0.74% BPAC11 57.36 ▼ 1.02% CURY3 33.37 ▼ 0.66% AERI3 2.04 ▼ 1.45% VIVARA 23.31 ▼ 0.51% COMPASS 25.10 ▼ 0.40% VAMOS 3.10 ▼ 1.59% SANB11 27.12 ▼ 0.80% ASAI3 8.77 ▲ 1.27% SBSP3 30.21 ▼ 0.43% WALMEX 50.03 ▲ 1.54% GMEXICO 199.88 ▲ 0.16% FEMSA 227.28 ▼ 0.89% CEMEX 22.81 ▲ 2.75% GFNORTE 185.53 ▼ 0.35% BIMBO 57.49 ▲ 2.01% TELEVISA 9.62 ▲ 0.94% AMX 22.84 ▼ 0.04% GAP 393.67 ▼ 0.40% ASUR 282.30 ▲ 2.43% OMA 237.97 ▲ 1.26% KOF 179.36 ▼ 0.29% GRUMA 280.38 ▲ 0.35% KIMBER 38.83 ▲ 1.01% SQM-B 66,499 ▼ 2.06% COPEC 6,230 ▲ 0.32% BSANTANDER 77.53 ▼ 1.41% FALABELLA 5,872 ▼ 0.05% ENELAM 85.60 ▼ 0.17% CENCOSUD 2,041 ▲ 0.03% CMPC 1,093 ▼ 0.91% BANCO CHILE 187.00 ▼ 1.32% LATAM AIR 25.14 ▲ 0.96% YPF 77,475 ▼ 0.39% GGAL 7,990 ▲ 1.01% PAMPA 5,190 ▼ 0.76% TXAR 665.00 ▲ 0.45% ALUAR 952.00 ▲ 0.32% TGS 9,765 ▲ 0.57% CEPU 2,326 ▼ 0.04% MIRGOR 16,450 ▼ 1.79% COME 45.42 ▼ 0.72% LOMA NEGRA 3,598 ▲ 1.84% BYMA 304.50 ▲ 1.16% TELECOM ARG 4,328 ▼ 0.12% ECOPETROL 15.98 ▼ 1.11% BANCOLOMBIA 81.73 ▼ 0.45% GRUPO AVAL 4.98 ▲ 0.61% CREDICORP 396.32 ▲ 1.04% SOUTHERN COPPER 178.96 ▼ 1.88% BUENAVENTURA 30.34 ▼ 2.24% MERCADOLIBRE 1,854 ▼ 1.08% NUBANK 14.10 ▲ 0.78% XP 17.05 ▲ 1.07% PAGSEGURO 9.28 — 0.00% STONE 11.30 — 0.00% GLOBANT 32.33 ▲ 4.56% TECNOGLASS 45.19 ▲ 2.17% GAP AIRPORT 226.22 ▲ 0.12% ASUR 282.30 ▲ 2.43% OMA AIRPORT 109.34 ▲ 1.58% AMX ADR 26.19 ▲ 0.04% FEMSA ADR 130.66 ▼ 1.88% CEMEX ADR 13.15 ▲ 2.73% PETROBRAS ADR 17.77 ▼ 0.87% VALE ADR 14.54 ▼ 0.34% ITAU ADR 8.54 ▼ 0.18% SANTANDER BR 5.38 ▼ 0.28% AMBEV ADR 3.07 ▼ 0.81% CSN 1.01 ▼ 1.95% GERDAU 4.67 ▲ 1.19% LATAM ADR 54.76 ▲ 2.34% BTC 65,407 ▲ 0.69% ETH 1,931 ▲ 2.18% SOL 77.97 ▲ 0.27% XRP 1.12 ▲ 1.24% BNB 581.00 ▼ 0.13% ADA 0.17 ▲ 0.41% DOGE 0.07 ▲ 0.12% AVAX 6.70 ▲ 0.04% LINK 8.56 ▲ 2.68% DOT 0.86 ▲ 0.62% LTC 45.69 ▲ 0.56% BCH 234.15 ▼ 0.99% TRX 0.33 ▲ 0.47% XLM 0.19 ▲ 1.45% HBAR 0.07 ▲ 1.37% NEAR 2.07 ▲ 3.08% ATOM 1.58 ▲ 0.83% AAVE 97.03 ▼ 1.87% SELIC 14.25% EMBRAER 81.86 ▼ 0.76% EMBRAER ADR 64.55 ▼ 0.55% JBS 12.09 ▲ 2.16% JBS BDR 61.28 ▲ 2.56% MBRF3 15.59 ▼ 3.11% MBRFY 3.04 ▼ 3.18% INTER 5.66 ▼ 0.79% EGX 52,558 ▲ 0.50% USD/ZAR 16.32 ▼ 0.11% USD/NGN 1,379 ▼ 0.14% NIKKEI 68,752 ▲ 1.49% CSI300 4,787 ▼ 0.20% HSI 24,681 ▲ 1.40% NIFTY 24,079 ▲ 0.11% KOSPI 7,284 ▲ 6.24% JCI 6,042 ▲ 0.04% USD/JPY 162.10 ▼ 0.05% USD/CNY 6.7572 ▼ 0.08% DAX 24,999 ▼ 0.59% CAC 8,384 ▲ 0.20% FTSE 10,514 ▼ 0.15% MIB 52,413 ▼ 0.85% IBEX 19,279 ▼ 0.40% STOXX 642.69 ▲ 0.09% EUR/USD 1.1442 ▲ 0.15% GBP/USD 1.3486 ▲ 0.74% SPX 7,562 ▲ 0.25% DJI 52,688 ▲ 0.34% NDX 29,442 ▼ 0.49% RUT 2,983 ▲ 0.62% TSX 35,369 ▲ 0.14% VIX 16.23 ▼ 1.64% USD/CAD 1.4044 ▼ 0.12% US10Y 4.5610 ▼ 0.52%
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Uruguay Presidential Elections in Virtual Tie, Results Await Official Recount

By · November 25, 2019 · 3 min read

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RIO DE JANEIRO, BRAZIL – After an electrifying election night and an unprecedentedly close result, the Electoral Court will have to conduct a detailed counting of votes to announce the winner of the Uruguayan presidential election.

With 99 percent of the votes counted at 0:30 PM on Monday, the result signaled a technical tie, with a small advantage for right-wing coalition leader Luis Lacalle Pou, who was just 1.3 points ahead of his Frente Amplio (Broad Front) rival Daniel Martinez.

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The outcome of the elections is eagerly awaited in Montevideo.
The outcome of the elections is eagerly awaited in Montevideo. (Photo internet reproduction)
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The margin is so narrow that a recount is needed to determine the winner. The final official tally hinges on the “observed” votes, i.e. those cast by voters away from their normal polling station.

The number of these votes slightly exceeds the gap between Lacalle Pou and Daniel Martinez. According to the Uruguayan edition of El País, the final result is not expected before Thursday or Friday.

There has been an entirely unexpected turn of events in the past 48 hours. All the polls carried out before the elections pointed to a victory margin for Lacalle Pou of between five and eight percent.

It is too early to look for reasons, but early speculations point to a hidden vote in favor of the left-wing and the potential adverse impact of a video of General Manini Ríos, who breached electoral rules by urging soldiers to vote against the Broad Front to set the stage for his conservative partners.

Another factor pointed out is the mobilization of Uruguayans from abroad, who traveled in large numbers to vote this Sunday.

In any event, celebrations were interrupted at the headquarters of the National Party, and the whole country is waiting for the official results. Both candidates have called on their supporters to remain calm while they await the official announcement.

Although the results are still unclear, it seems that the Broad Front has not captured enough voters to ensure its victory, after leading in the first round of elections held on October 27th. Despite better than expected results last night, the left-wing group has lost many voters since the 2014 elections, winning three consecutive parliamentary majorities in the run-up to the elections.

Left candidate Daniel Martinez and Luis Lacalle Pou from the center-right party
Leftist candidate Daniel Martinez and Luis Lacalle Pou from the center-right National Party. (Photo internet reproduction)

The building of a coalition around the National Party (PN) leader, Luis Lacalle Pou, seemed to be the determining factor for the political turnaround in Uruguay. After garnering 28 percent of the votes in the first round, the PN managed to add another traditional Uruguayan party to its coalition, the Colorado Party, with 12 percent of the vote, and the Open Cabildo (10 percent of the vote).

Retired General Manini Río, an Uruguayan version of Bolsonaro who defended the torturers of the Uruguayan dictatorship (1973-1984) and is openly homophobic and antifeminist, supported Lacalle Pou. The coalition also had the support of several small arch-conservative parties.

Luis Lacalle Pou, 46, is an experienced legislator. A deputy at the age of 20, he was a candidate for the National Party in 2014 in a presidential election that he lost to the current president, Tabaré Vázquez.

When voting on Sunday, Lacalle Pou said that should he win, he will not announce the names of his prospective ministers. Thus, one of the main questions of these elections will remain: the coordination and balance of power within the right-wing coalition.

Although there is a common program of the coalition parties, written right after the first round, questions still remain about the content of these measures.

Lacalle Pou and his partners’ ambition is to reverse a number of Broad Front policies on key issues such as economics, education, citizen security or social policies.

However, the coalition has pointed that it will not overturn the so-called “rights agenda” implemented by the left, which includes laws such as the decriminalization of abortion, gay marriage and the protection of transgender people.

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