The process of selecting national heads of state
Opposition challenger Brian Mundubile has been questioned over alleged crimes linked to the party in an event tied to Friday’s raid in Lusaka. Authorities say the operation involved high-grade weapons and military plans, while Mundubile claims an attack on his life and reports of shootings. Results from the vote show Mundubile trailing the incumbents as the investigation unfolds.
Policymakers and markets are watching a widening Banco Master fraud case as authorities unseal documents and probe Flavio Bolsonaro’s ties to the funding of the Dark Horse film. Lula must confront ongoing court turmoil while Bolsonaro faces new investigations ahead of the election.
The euro has fallen to near 17-month lows after investors have pushed up French borrowing costs and bond spreads. France has faced rising yields, mass protests and a political stalemate over deficit cuts ahead of the presidential election. Markets are pricing greater contagion risk across the eurozone and the ECB is under pressure to act.