- Lula da Silva has been declared the winner of the Brazilian presidential election after defeating Senator Flavio Bolsonaro.
- The victory marks another major comeback for the 80-year-old leftist leader, powered by higher-than-expected voter turnout.
- During the campaign, Lula highlighted his track record of reducing poverty, unemployment, and deforestation while warning against welfare cuts.
- Lula's victory deprives US President Donald Trump of a key right-wing ally in South America, helping to re-establish political balance in the region.
- Investors expect recent bets on a change of government to unwind in a volatile week ahead on financial markets.
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