Flávio Bolsonaro Courts Faria Lima as Markets and Allies Question His Bid

Overview

• He met financiers at UBS in São Paulo and promised to continue Paulo Guedes' liberal agenda, with more meetings and podcast appearances planned, but he did not name prospective economic ministers.
• Representatives of major banks signaled they would not engage with his pre-campaign, Centrão leaders and parts of the farm caucus voiced doubts, and a Datafolha survey reported 38% voter rejection.
• The announcement day jolted markets as the Ibovespa fell 4.35%—about 8,000 points—and the dollar closed at R$5.44, the year's high.
• An O Globo AI review of his Senate speeches found frequent invocations of Jair Bolsonaro, sharp attacks on Lula, and anti‑STF and amnesty themes that energize his base but complicate broader alliances.
• Political fallout included coordination by PL, PP, and União Brasil on a penalty‑reduction bill for January 8 defendants, approved by the Chamber and now before the Senate.