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That this campaign promise resonated more with Brazilian voters than they were put off by Mr. Bolsonaro's dangerously regressive outbursts and polarising verbal attacks denigrating women and minorities, supporting torture, and threatening opponents with violence, says much about the mood of the nation today.

The billionaire republican installed for almost two years the White House has called Sunday evening the ex-army captain to congratulate him warmly upon the announcement of his victory.

"It's one thing to govern using social networks when it doesn't matter what you say; the economy is doing well", said Joel Velasco, a principal at the Albright Stonebridge strategy group and former advisor to the U.S. ambassador in Brazil. "We won't have any more fights over this". Eighteen elected officials have written to the secretary of State Mike Pompeo to become alarmed by the nostalgia of Jair Bolsonaro for the military dictatorship of 1964-1985, and to call the administration to Trump to bind any cooperation to the respect of human rights.

The 63-year-old congressman´s rise has been propelled by rejection of the leftist PT that ran Brazil for 13 of the last 15 years and was ousted two years ago in the midst of a deep recession and political graft scandal.

Bolsonaro's victory brings Brazil's military back into the political limelight after it spent three decades in the barracks following the country's return to civilian rule.

Investors have been particularly heartened by Bolsonaro's choice of Guedes, a Chicago University-trained economist and investment banker, as future economy minister. The inverse could be true if Bolsonaro himself takes charge.

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With Bolsonaro like Trump holding the global body in low esteem, it is unlikely he will prioritize the Security Council, Velasco said. "He has little experience if at all with macroeconomic issues of the size and importance that Brazil faces". The Sao Paulo stock market closed up 3.69% on the news.

Brazil's national industry confederation criticized the idea. Mariscal said equities remain cheap, the Real is "reasonably priced" and bonds, which have been performing well, still have upside.

Against this backdrop Bolsonaro proposes to open up indigenous territories to mining and other economic activities; relax environmental legislation and protections, abolish the Ministry of the Environment, crack down on civil society and to relax laws related to gun ownership, especially in rural areas. The markets, he said, will likely receive another boost if he does.

"If I had said that during the campaign that would be opportunistic", he said. "Bolsonaro just happened to be in the right place at the right time".

"I do intend to (approach Moro)... maybe for the justice ministry", Bolsonaro said.