IBOV 183,476.86 ▼ 0.27% IPSA 11,256.80 ▼ 0.38% IPC MEX 64,992.23 ▲ 1.13% MERVAL 2,893,751 ▼ 1.57% COLCAP 2,584.72 ▼ 0.95% BVL PERÚ 59,934.37 ▲ 1.27% USD/BRL5.19▼ 0.12% USD/MXN17.68▼ 0.27% USD/CLP960.63▼ 0.27% USD/COP3,293▲ 0.20% USD/PEN3.39▼ 0.67% USD/ARS1,525▲ 0.30% USD/UYU40.21▲ 3.50% USD/PYG5,870▲ 2.23% USD/BOB12.17▲ 2.05% USD/DOP59.35▲ 0.25% USD/CRC450.87▲ 2.53% USD/GTQ7.64▲ 3.22% USD/HNL26.85▲ 0.31% USD/NIO36.62— 0.00% USD/VES853.52▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.77▲ 2.72% EUR/BRL5.91▲ 0.63% 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 183,476.86 ▼ 0.27% IPSA 11,256.80 ▼ 0.38% IPC MEX 64,992.23 ▲ 1.13% MERVAL 2,893,751 ▼ 1.57% COLCAP 2,584.72 ▼ 0.95% BVL PERÚ 59,934.37 ▲ 1.27% 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%
since 2009
Sunday, September 27, 2026

Brazil Brazil Elections 2026

Who Is Lula? Brazil’s President Chasing a Fourth Term at 80

By · September 27, 2026 · 5 min read

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BRAZIL · PROFILE, 27 SEPTEMBER 2026

Key Facts

—The person — Luiz Inácio Lula da Silva, born 27 October 1945 in Caetés, Pernambuco, is Brazil’s president — a former metalworker and union leader who co-founded the Workers’ Party (PT) and has now served three terms.

—Why he matters now — On October 4 he asks Brazil for a fourth term, two days before turning 81. Final-week polls give him the first round against Flávio Bolsonaro (Datafolha: 40 to 36) and a runoff inside the margin of error.

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—The record — President from 2003 to 2010 during a commodity boom that lifted millions via Bolsa Família; jailed for 580 days in the Lava Jato corruption probe until the Supreme Court annulled his convictions in 2021.

—The comeback — Freed and politically rehabilitated, he beat Jair Bolsonaro in 2022 in the tightest presidential race in Brazil’s history and returned to office on 1 January 2023.

—The weakness — Approval stands at 45 percent against 51 percent disapproval, and his rejection rate near 50 percent is the highest in the field — nearly half the country says it would never vote for him.

He is the most consequential Brazilian politician of the democratic era — and on October 4, at nearly 81, he asks voters for one more mandate. For foreign readers watching the election of Latin America’s largest country: this is who Lula is, how he went from a factory floor to the presidency, through prison and back, and what is at stake in his fourth bid.

From the factory floor to the union hall

Lula was born into poverty in Brazil’s arid northeast and migrated with his family to São Paulo as a child. He worked from age twelve, trained as a lathe operator, and lost the little finger of his left hand in a press accident at nineteen — the injury that became part of his political iconography. In the late 1970s he led the metalworkers’ strikes that defied the military dictatorship, and in 1980 he co-founded the Workers’ Party, the PT, the vehicle that would carry him through three losing campaigns (1989, 1994, 1998) before he finally won the presidency in 2002.

The two terms that built the myth

From 2003 to 2010 Brazil rode a commodity boom, and Lula rode it better than anyone: Bolsa Família cash transfers reached tens of millions, the minimum wage rose in real terms, universities opened to the poor, and Brazil paid off the IMF. He left office with approval above 80 percent — a number no Brazilian president has touched since — and enough political capital to elect his chosen successor, Dilma Rousseff.

Live Market IntelligenceBrazil — Live Market BoardInside: market breadth, the sector heatmap, currencies & rates, the Latin America scoreboard and the full instrument board.

Rio Times · Live Market Intelligence

Brazil — Live Market Board

B3 · São Paulo
Sep 27, 2026 · 06:41

Ibovespa · benchmark
183,476.86
-0.27%
L 167,142day rangeH 168,310

+21.85% over 12 months

Market breadth · 15 names
47% advancing

7 ▲ advancing8 declining ▼

Currencies, rates & key inputs
USD / BRL
5.16
+0.01%

EUR / BRL
5.95
+1.01%

Selic rate
14.00%
·

Brent crude
88.88
-0.03%

Iron ore
161.91
·

Sector heatmap · average move today
Materials
+2.35%
SUZB3

Mining
+1.16%
VALE3, CSNA3, GGBR4

Industrials
+0.20%
WEGE3, RENT3

Financials
-0.10%
ITUB4, BBDC4, BBAS3, B3SA3

Energy
-0.12%
PETR4, PRIO3

Consumer Staples
-0.80%
ABEV3

Utilities
-1.38%
ENEV3

Consumer Disc.
-2.63%
AZZA3

Latin America scoreboard
IndexLastTodayStrength
IbovespaBrazil
183,476.86
-0.27%

S&P/BMV IPCMexico
64,992.23
+1.13%

S&P IPSAChile
11,256.80
-0.38%

S&P MERVALArgentina
2,893,751
-1.57%

MSCI COLCAPColombia
2,584.72
-0.95%

BVL S&P PerúPeru
59,934.37
+1.27%

Full instrument board
Instrument Last Change YoY Prev. High Low Volume
IBOV 183,476.86 -0.27% +21.85% 183,965.91 168,310 167,142 —
USD/BRL 5.16 +0.01% -5.13% 5.16 5.18 5.14 —
SELIC 14.00% — — — — —
PETR4 41.64 -0.05% +35.19% 41.66 41.97 41.15 41,499,400
VALE3 72.97 +0.83% +30.75% 72.37 73.54 72.66 17,658,000
ITUB4 38.60 -1.03% +4.57% 39.00 39.34 38.39 29,487,800
BBDC4 16.85 +0.36% +3.50% 16.79 16.90 16.67 19,416,900
BBAS3 19.37 +0.47% +0.73% 19.28 19.44 19.16 11,069,200
B3SA3 14.26 -0.21% +12.73% 14.29 14.47 14.11 33,037,800
ABEV3 14.89 -0.80% +21.91% 15.01 15.07 14.81 16,453,100
WEGE3 47.59 +0.49% +29.99% 47.36 48.08 47.36 3,364,600
PRIO3 59.14 -0.19% +50.67% 59.25 59.81 58.74 3,325,600
SUZB3 41.33 +2.35% -23.55% 40.38 41.48 40.35 3,914,900
RENT3 34.68 -0.09% +0.84% 34.71 34.96 34.35 7,979,100
AZZA3 15.89 -2.63% -53.76% 16.32 16.42 15.82 1,330,300
CSNA3 4.30 +0.47% -42.65% 4.28 4.41 4.26 10,076,100
GGBR4 24.69 +2.19% +51.38% 24.16 24.85 24.18 7,047,600
ENEV3 24.21 -1.38% +70.49% 24.55 24.64 23.99 9,297,000

Largest moves today
AZZA3
15.89
-2.63%
SUZB3
41.33
+2.35%
GGBR4
24.69
+2.19%
ENEV3
24.21
-1.38%
ITUB4
38.60
-1.03%
VALE3
72.97
+0.83%
ABEV3
14.89
-0.80%
WEGE3
47.59
+0.49%

The session read
The Ibovespa eased 0.27%, with breadth negative — 7 of 15 names higher. Materials led, while Consumer Disc. lagged.

Prison, annulment, comeback

President Lula da Silva at a news conference, June 2026
President Luiz Inácio Lula da Silva at a news conference, June 2026. Photo: Lula Oficial, CC BY-SA 4.0, via Wikimedia Commons
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The fall was as steep as the rise. In the Lava Jato (“Car Wash”) investigation, judge Sérgio Moro convicted Lula in 2017 of receiving a beachfront apartment as a bribe; he entered prison in April 2018 and spent 580 days behind bars, barred from the 2018 election his poll numbers said he would have won. In 2021 the Supreme Court annulled the convictions, ruling Moro had been biased — a procedural annulment, not an acquittal on the merits, a distinction his supporters and opponents both weaponize to this day. His rights restored, Lula ran again in 2022 and beat Jair Bolsonaro 50.9 to 49.1, the narrowest margin since redemocratization.

The third term and the 2026 race

The comeback presidency has been harder than the legend. Growth is modest, approval sits at 45 against 51 percent, and the government has spent its political capital on pocketbook measures — the latest a thirty-day extension of the diesel subsidy eight days before the vote. Lula has framed the race as a defense of democracy against the movement of a convicted coup plotter; his opponent frames it as a referendum on an octogenarian machine politician who has been in public life for half a century. The first presidential debate of the campaign never happened — both front-runners stayed away, each calculating he had more to lose than to win.

What is certain: he leads the first round in every in-person poll and leads no runoff simulation beyond the margin of error. Follow the count on our live results page, the surveys in the daily poll tracker, the challenger’s record in our Flávio Bolsonaro profile, and the full field in the Brazil Elections 2026 complete guide.

Frequently Asked Questions

Who is Lula da Silva?

Brazil’s president, born 27 October 1945, a former metalworker and union leader who co-founded the Workers’ Party. He served two terms from 2003 to 2010, was jailed in the Lava Jato probe, saw his convictions annulled, and won a third term in 2022.

Was Lula’s conviction overturned?

Yes. The Supreme Court annulled his Lava Jato convictions in 2021, ruling that judge Sérgio Moro had been biased. It was a procedural annulment, not an acquittal on the merits, and it restored his political rights.

How old is Lula and can he run again?

He turns 81 on 27 October 2026, two days after the scheduled runoff. Brazil allows unlimited non-consecutive terms, so a fourth mandate is legal; he would be 81 at a January 2027 inauguration.

What are Lula’s chances in the 2026 election?

Final-week polls give him the first round against Flávio Bolsonaro (Datafolha: 40 to 36) and a runoff inside the margin of error. His rejection rate near 50 percent is the race’s biggest obstacle; the first round is on October 4.

This article was drafted with automated assistance and reviewed before publication. How we use AI · Report an error

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