Former President Bolsonaro Endorses Son Flavio for 2026 Brazil Presidential Election, Impacting Financial Markets

Dec 06, 2025 07:42 am CST

Former Brazilian President Jair Bolsonaro has endorsed his eldest son, Senator Flavio Bolsonaro, for the 2026 presidential election, causing significant reactions in financial markets as investors had expected a more market-friendly candidate to challenge President Lula. This development comes while the former president remains barred from office and sentenced to over 27 years for plotting a coup after his 2022 electoral defeat.