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EDITION Nº 002 · BRAZILTHURSDAY, OCTOBER 29, 2026 · 10:22
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GOVERNMENT & PUBLIC FINANCES28 OCT 2026 · 20:45

Flávio Bolsonaro clears 78 voting locations in the 2nd round, the majority in the North Region

Survey shows that the PL senator did not have any votes in 78 places, where Lula concentrated the valid votes. The data is punctual, but it helps to read the map of the second round.

BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM REVISTA OESTE · 2 MIN

Senator Flávio Bolsonaro (PL) did not receive any votes in 78 polling places in the second round of the presidential election, held on Sunday, the 25th. In these polls, candidate Luiz Inácio Lula da Silva (PT) concentrated the valid votes, according to a survey published by Revista Oeste.

The map of these locations is quite uneven. According to the publication, 56% of them are in the North Region, the largest share. The Northeast comes next, with around 32%. Central-West (5%), Southeast (4%) and South (3%) complete the distribution.

One of the examples cited is the Vale do Javari Indigenous Land. In five polling places in the area, Lula had more than a thousand votes, and Flávio had none. Also according to Revista Oeste, blank and invalid votes in these sections totaled 26.

It is important to assess what the data says and what it does not say. There are 78 locations, a small selection compared to the total number of sections in the country, and the source report does not inform how many voters voted in these polls outside the example of Vale do Javari. The survey describes where a candidate did not score. It does not explain the reasons, and this newspaper does not attribute them.

What the cut reveals is the geography of the vote. The concentration of empty locations in the North and Northeast reinforces the regional weight in the political reading of the second round, something that usually guides coordination in Congress and the negotiation of economic agendas.

What changes for the investor

For those who operate, isolated data from 78 locations does not in itself change the interest rate, exchange rate or stock market scenario. It serves as another piece to understand the regional distribution of the vote, and not as a market indicator.

What usually matters for asset prices comes later: the composition of forces in Congress, the commitment to the fiscal rule and the trajectory of the public debt. These points define the risk premium required on Treasury bonds and the mood in relation to the dollar and the Stock Exchange. It is worth following the news about the economic team and the first signs of fiscal policy, without drawing conclusions from a single survey.

Automatically translated from Portuguese.

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