PoliticsBolsonaro Takes Surprise Brazil Election Lead Over Lula

Flávio Bolsonaro has unexpectedly led Luiz Inácio Lula da Silva in the first round of Brazil’s presidential election, taking about 47% of the vote to Lula’s roughly 45% with counting nearly complete. The pair will meet in a runoff on Oct. 25, while signs of a likely Bolsonaro victory are expected to lift Brazilian assets at Monday’s open.