Petrobras is trading 16% down at €9.24 in the live quote after Luiz Inácio Lula da Silva’s October 25 reelection, as investors unwind bets on a change of government and reassess policy and state-owned company governance.
- Reuters reported expected bet unwinding and volatility in Brazilian markets; another report linked the overnight ADR selloff to the result.
- The latest completed-session close was €11.00 on October 23; €9.24 is live, not that close. No Petrobras-specific announcement was identified; the political result is the clearest catalyst.