President Luiz Inácio Lula da Silva’s re-election victory prompted a sharp reversal in financial markets that had expected his opponent to win.

© Amanda Perobelli/Reuters

President Luiz Inácio Lula da Silva’s re-election victory prompted a sharp reversal in financial markets that had expected his opponent to win.

© Amanda Perobelli/Reuters

President Luiz Inácio Lula da Silva triumphed over Flávio Bolsonaro, the eldest son of the right-wing leader he defeated four years ago.

© Alexandre Schneider/Getty Images