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Bolsonaro Backs Son for 2026 Presidency Amid Market Drop

12/5/2025

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Summary

Story summary

Former Brazilian President Jair Bolsonaro plans to back his son, Senator Flavio Bolsonaro, as the 2026 presidential candidate, per his party.
The market response included the real dropping about 2% and the Bovespa down about 3%.
Bolsonaro is barred from running since June 2023 and is serving a 27-year sentence for coup plotting.

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Story summary

Former Brazilian President Jair Bolsonaro plans to back his son, Senator Flavio Bolsonaro, as the 2026 presidential candidate, per his party.
The market response included the real dropping about 2% and the Bovespa down about 3%.
Bolsonaro is barred from running since June 2023 and is serving a 27-year sentence for coup plotting.