Ibovespa Surges 3% on Tightened Brazil Election Race, Master Case Scrutiny

Brazil's Ibovespa posted its largest daily gain since March, driven by a Quaest poll showing a technical tie between Lula and Flávio Bolsonaro in a potential runoff, reinforcing market expectations of a more contested race. Concurrently, the Master case escalated with released messages linking former banker Daniel Vorcaro to STF Minister Alexandre de Moraes, adding political uncertainty. The market's positive reaction suggests investors favor a more competitive election, though the Master case's implications for institutional stability remain unclear.