Tarcisio de Freitas Backs Flavio Bolsonaro for Presidential Run Amid Market Concerns

Sao Paulo Governor Tarcisio de Freitas expressed his support for Brazilian Senator Flavio Bolsonaro's potential presidential bid next year. Despite market expectations for a more experienced candidate, Bolsonaro affirmed his candidacy was 'irreversible,' leveraging his family name as an advantage over Freitas.

In a political development that has sparked discussions, Sao Paulo Governor Tarcisio de Freitas has publicly endorsed Brazilian Senator Flavio Bolsonaro for a potential presidential run next year. This support follows a period of speculation and silence.

The endorsement comes as a surprise to investors who anticipated a more market-friendly candidate such as Governor Freitas to challenge leftist President Luiz Inacio Lula da Silva. Meanwhile, the senator, backed by his father, the former President Jair Bolsonaro, asserted the firmness of his candidacy despite making seemingly contradictory statements over recent days.

According to a recent Datafolha poll conducted before these developments, Flavio Bolsonaro trails Lula by 15 points, while Freitas appears more competitive, trailing by just 5 points. Despite the market's concerns, the Bolsonaro surname remains a significant factor in Brazilian politics.