Left Under Pressure: Bolsonaro Leads Socialist Lula In Brazil As Spain's Sanchez Calls Snap Elections Amid Turmoil

Political developments in Brazil and Spain overnight are adding volatility to certain overseas markets, highlighting mounting pressure on failing left-wing regimes.
In Brazil, right-wing Senator Flávio Bolsonaro's first-round lead over socialist President Luiz Inácio Lula da Silva significantly strengthens his position heading into the Oct. 25 runoff. A Bolsonaro victory would shift Latin America's largest GDP to the right, reinforcing a broader regional once-in-a-generation realignment from unhinged leftist regimes to common-sense right-wing governments.