Will the Brazil rally last? But investors said further gains will hinge on clearer signs he will deliver on a market-friendly agenda. However, his praise of Brazil's former dictatorship and his comments on race, women and homosexuality have raised concern. Several retired generals will serve as ministers and close advisers.
The president-elect's future chief of staff told Reuters his first worldwide trip would be to Chile - one of the South American neighbors that swung to the right in recent elections - and soon after that he hoped to visit the United States.
"Brazil has the potential to be a leader on curbing climate change, but Jair Bolsonaro needs to commit to a Zero Deforestation policy instead of weakening environmental protections to make way for more industrial cattle grazing and farming", said Asensio Rodriguez of Greenpeace's Brazil arm in a statement to ThinkProgress. Current President Michel Temer has already largely broken off relations with Venezuela, where millions have fled economic and political collapse in recent years.
Bolsonaro's resounding win in Sunday's run-off put an emphatic end to the electoral dominance of the Workers' Party (PT), which had won the previous four presidential elections.
Bolsonaro's rise has likewise alarmed United States liberals.
Hundreds of regime opponents were killed or disappeared during Brazil's 21-year dictatorship while thousands more were tortured.
The Brazilian real hit its strongest in six months against the dollar, then retreated slightly.
The Bovespa index has grown after the Brazilian people elected their new leader, Jair Bolsonaro. New rules will boost investment in infrastructure, he told reporters. Globo said on Tuesday that federal government advertising represented less than 4 percent of the revenue for its flagship channel, TV Globo, without providing more detailed figures. "The lack of fiscal space, a high unemployment rate and a sluggish economic recovery will also likely limit economic policy options".
The goal is to reduce by half some 29 ministries by combining others, such as Agriculture and Environment, said Deputy Onyx Lorenzoni, who may become Bolsonaro's next chief of staff.
According to him, the traditional parties will act as a guard to the Parliament, fragmented into thirty parties, and where the future president will have to form a majority to govern.
Soon after, Chinese President Xi Jingping's administration sent Bolsonaro a letter saying the tour caused "possible turbulence in the strategic partnership between Brazil and China".
He also said he would press ahead with loosening gun laws this year and plans to visit Washington D.C. after a friendly call with U.S. President Donald Trump.