Luiz Inácio Lula da Silva has pledged to govern for all Brazilians after winning a slim victory in a bitterly fought presidential election — but more than 18 hours after the official result, defeated president Jair Bolsonaro had still not conceded.
Financial markets traded cautiously on Monday afternoon, with stocks marginally lower and the real currency slightly up against the dollar, as investors waited for clearer signals from veteran leftist Lula on economic policy and from Bolsonaro on his political intentions.
The mercurial former army captain spent election night in silence in Brasília after losing by just 1.8 percentage points to his rival, with news reports saying he had refused to receive even close aides.
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