Market-Friendly Candidate Plunges in Brazil Presidential Race, Poll Says
- Former Sao Paulo Governor Alckmin drops to 5.3% from 8.6%
- Brazil assets have weakened amid investors’ election concerns
Geraldo Alckmin Filho.
Photographer: Patricia Monteiro/BloombergThis article is for subscribers only.
The leading market-friendly candidate in Brazil’s presidential race this year plummeted while a leftist contender rose, according to an opinion poll published on Monday. The real lost against the U.S. dollar.
Former Sao Paulo Governor Geraldo Alckmin, who is one of the investor favorites, dropped to 5.3 percent support from 8.6 percent in March, according to a survey carried out by polling firm MDA. At the same time former Ceara Governor Ciro Gomes, who has pledged to expropriate oil fields, rose to 9 percent from 8.1 percent.