The death of Brazilian presidential candidate Eduardo Campos yesterday resets a contentious campaign less than two months before the election.
Campos died when his small plane crashed in Sao Paulo state following an aborted landing attempt because of bad weather. President Dilma Rousseff and candidate Aecio Neves said they are suspending their campaigns to attend his wake. Campos’s running mate, Marina Silva, said it’s time to mourn and didn’t comment on whether she would replace him.
The Ibovespa stock index and Brazil’s real swung between losses and gains yesterday as investors tried to assess what Campos’s death means for the October election. The volatility reflects the debate about who will gain support in the polls, with Nomura Securities International saying a Silva candidacy would hurt Rousseff and electoral researcher Instituto Analise pointing to Neves as the likely loser.
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