🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Rousseff widens Brazil election lead, challengers even

Published 03/10/2014, 05:14
© Reuters Brazil's President and PT presidential candidate Dilma Rousseff throws a rose to supporters during a campaign rally in Santos
PBR
-

By Anthony Boadle

BRASILIA (Reuters) - Brazilian President Dilma Rousseff has extended her lead ahead of Sunday's election and would win re-election in a likely second-round runoff, while her main challengers are almost tied for second place, polls showed on Thursday.

Environmentalist Marina Silva has continued to slip and is now only 3 percentage points ahead of centrist candidate Aecio Neves, according to the Datafolha polling firm, a statistical tie because it is within the poll's margin of error.

Rousseff has advanced to within 3 percentage points of an outright victory in the first-round voting, or 47 percent, when spoilt and blank ballots are excluded, Datafolha said.

If no candidate wins a majority, the election will be decided in a runoff between the two leading candidates on Oct. 26.

Rousseff's increased chances of winning a second term have weighed down Brazil's markets where investors are hoping for a change of government. Some blame Rousseff's interventionist policies for the stagnation of Latin America's largest economy.

Both the Datafolha poll and another by the Ibope research firm show Rousseff winning a runoff against Silva by 7 percentage points.

Rousseff has increased her lead over Silva in the first round to 16 percentage points in both polls, with 40 percent of voter support to 24 percent for Silva.

Neves, the market favourite who has been stuck in third place since Silva's late entry into the race, increased his support by 1 percentage point to 21 percent, Datafolha said, and now has a fighting chance of making the runoff.

The polls confirmed that Silva, a popular anti-establishment figure, has continued to lose ground since peaking in late August.

Silva surged after entering the race when her party's original candidate was killed in a plane crash, and initially gained a 10-point advantage over Rousseff.

She lost ground under a barrage of criticism from Rousseff's campaign that portrayed her pro-market policies as a threat to Brazil's poor and questioned her ability to govern Brazil without a solid party coalition.

In the final television debate of the campaign on Thursday night, Silva and Neves criticized Rousseff for allowing corruption at state-run oil company Petroleo Brasileiro SA (SA:PETR4), which is embroiled in a scandal over alleged kickbacks and the bribery of politicians.

The allegations contained in leaked plea bargain statements by a jailed former director of Petrobras have so far not hurt Rousseff's re-election bid because no evidence has emerged.

But Silva assailed Rousseff for lying about her relationship with the jailed executive.

"Corruption has been swept under the carpet," she said. Neves accused Rousseff's party of "handing the country's largest company over to a gang of thieves."

© Reuters. Presidential candidates Rousseff of Workers Party and Silva of Brazilian Socialist Party take part in a TV debate in Rio de Janeiro

The Datafolha poll surveyed 12,022 respondents nationwide between Oct. 1 and Oct. 2 and the Ibope surveyed 3,010 respondents nationwide between Sept. 27 and Oct. 2. Both polls have a margin of error of plus or minus 2 percentage points.

(Reporting by Anthony Boadle; Editing by Tom Brown & Kim Coghill)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.