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Lula First Round Support Increases In Latest Poll

BRAZIL
  • Lula Has 44%, Bolsonaro 31% in Brazil 1st Round Poll: BTG/FSB
    • Voting intention for former President Lula was at 41% and for Bolsonaro was at 32% in previous poll, according to Instituto FSB Pesquisa’s survey released by email by BTG Pactual.
    • In runoff scenario, Lula appears with 54% and Bolsonaro with 36%. This was a marginal gap increase from the previous poll where Lula had 53%, Bolsonaro 37%.
  • President Bolsonaro officially kicked off his re-election campaign on Sunday, rallying thousands of his followers to Rio de Janeiro after intensifying his attempts to discredit Brazil’s voting system.
  • Bolsonaro called on the government faithful to pack an Olympic arena in a working-class neighborhood for an event billed as “United for the Good of Brazil.”
    • For over an hour, he delivered a speech that catered to his base -- embracing traditional family values and attacking his main opponent, former President Luiz Inacio Lula da Silva.
  • Economy Ministry Special Treasury Secretary Esteves Colnago holds press conference to present budget report, 10:30am Brasilia time.
  • Current account balance and FDI data today, however, the focus for markets will be Tuesday’s IPCA-15 inflation prints, where the annual gauge is expected to have dipped to 11.4% from a prior reading of 12.04%.
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