Free Trial

Bolsonaro To Deliver Address To The Nation Shortly

BRAZIL

Brazilian President Jair Bolsonaro is shortly due to deliver an address to the nation where he is expected to announce that he will not contest the result of Sunday's presidential election which saw former President Luiz Inácio Lula da Silva retake the presidency by a margin of 50.9% to 49.1%.

  • Bolsonaro is expected to deliver his address from the Palácio da Alvorada, Brasilia, at 14:00 ET 15:00 BRT 18:00 GMT.
  • The tighter than expected margin in the second round of voting, and Bolsonaro's refusal to formally acknowledge the election result, has led to a heightened risk of political violence manifest in nationwide protests from pro-Bolsonaro truckers.
  • Communications Minister Fabio Faria has been reported by Reuters stating that Bolsonaro will not contest the election result, a move which may deescalate protests.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.