In an unexpected political move, former Brazilian President Jair Bolsonaro has endorsed his eldest son, Senator Flavio Bolsonaro, for a presidential bid in the upcoming elections. This decision has sent shockwaves through Brazilian markets, which had anticipated a more seasoned candidate to challenge current President Luiz Inacio Lula da Silva.

Political analyst Andre Perfeito noted that Bolsonaro's choice could disrupt alliances between right-wing factions and centrist parties. Investors had hoped for Sao Paulo Governor Tarcisio de Freitas to lead the right-wing charge, capitalizing on his executive experience to appeal to broader political coalitions.

Despite not being the first choice for some, Flavio Bolsonaro is positioning himself as the continuity of his family's political legacy.

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