Overview
- Flavio Bolsonaro confirmed his run with his father’s endorsement, and Brazilian assets fell, with the real down as much as 3.1% and the Ibovespa off 4.2%.
- After saying on Sunday he had a “price” to withdraw, he told Folha de S. Paulo on Monday that his candidacy is not for sale and is irreversible.
- Sao Paulo Governor Tarcisio de Freitas said “Flavio can count on us,” ending days of silence from a figure many investors had favored as a market-friendly option.
- Allies of Jair Bolsonaro in Congress are pursuing an amnesty bill for those convicted over the January 2023 Brasília rampage.
- A Datafolha survey conducted before Flavio’s announcement showed him 15 points behind President Luiz Inácio Lula da Silva in a simulated runoff, while Tarcisio trailed by five.