IBOV 173,787 ▼ 0.73% IPSA 10,788 ▼ 1.00% IPC MEX 68,588 ▼ 0.40% MERVAL 3,166,407 ▲ 2.49% COLCAP 2,176.90 ▼ 0.26% BVL PERÚ 34,836.62 ▲ 0.71% USD/BRL 5.04 ▲ 0.13% USD/MXN 17.34 ▲ 0.12% USD/CLP 888.00 ▼ 0.41% USD/COP 3,666 ▲ 0.83% USD/PEN 3.40 ▼ 0.32% USD/ARS 1,409 ▼ 0.07% USD/UYU 40.13 ▲ 1.58% USD/PYG 5,998 ▼ 0.32% USD/BOB 6.86 ▲ 1.81% USD/DOP 58.15 ▲ 0.12% USD/CRC 451.23 ▲ 2.38% USD/GTQ 7.62 ▲ 2.23% USD/HNL 26.63 ▲ 1.72% USD/NIO 36.62 ▲ 0.31% USD/VES 548.00 ▼ 0.13% USD/PAB 1.00 ▲ 2.24% USD/BZD 2.00 ▲ 1.68% USD/JMD 156.59 ▲ 0.93% USD/TTD 6.75 ▲ 1.47% EUR/BRL 5.88 ▼ 0.16% BRENT 91.12 ▼ 2.76% WTI 87.36 ▼ 1.73% IRON ORE 161.91 — — COPPER 6.39 ▼ 0.11% GOLD 4,593 ▲ 2.08% SILVER 75.88 ▲ 0.30% SOY 1,187 ▼ 0.65% CORN 446.75 ▼ 1.97% WHEAT 610.50 ▼ 2.16% COFFEE 265.90 ▼ 3.04% SUGAR 14.07 ▲ 1.01% ORANGE JUICE 158.80 ▼ 5.84% COTTON 76.25 ▼ 0.68% COCOA 3,901 ▼ 4.83% BEEF 239.05 ▼ 4.28% CATTLE 348.43 ▼ 1.30% LITHIUM 87.15 ▼ 0.40% PETR4 42.00 ▼ 1.20% VALE3 82.82 ▼ 1.36% ITUB4 40.04 ▲ 0.10% BBDC4 17.70 ▼ 1.12% ABEV3 16.32 ▲ 0.18% BBAS3 20.30 ▼ 1.41% B3SA3 16.50 — 0.00% WEGE3 44.10 ▲ 0.87% PRIO3 62.25 ▼ 1.14% SUZB3 41.91 ▲ 0.53% RENT3 42.02 ▼ 1.87% AZZA3 19.31 ▼ 2.72% CSAN3 3.80 ▼ 3.55% RAIZ4 0.36 ▲ 5.88% PCAR3 1.86 ▼ 5.10% GMAT3 4.27 ▲ 3.14% PSSA3 48.31 ▲ 0.06% CVCB3 1.50 ▼ 6.25% POSI3 4.07 ▼ 1.69% SLCE3 15.50 ▼ 2.52% NATU3 9.95 ▼ 1.49% BRKM5 10.46 ▼ 6.02% RANI3 8.02 ▲ 1.01% CSNA3 6.71 ▼ 1.32% CMIN3 4.66 ▼ 0.85% USIM5 11.08 ▲ 4.04% GGBR4 22.77 ▼ 3.11% ENEV3 25.63 ▲ 2.52% NEOE3 33.80 — 0.00% CPFE3 43.39 ▲ 0.84% CMIG4 10.76 ▼ 2.62% EQTL3 38.55 ▲ 0.92% LREN3 14.90 ▼ 0.67% VIVT3 33.82 ▲ 0.65% RAIL3 13.72 ▼ 0.94% KLABIN 16.67 — 0.00% RAIA DROGASIL 18.69 ▼ 1.37% RDOR3 34.02 ▼ 1.31% HAPV3 12.15 ▼ 2.64% FLRY3 15.39 ▼ 2.22% SMTO3 16.98 ▼ 1.05% UGPA3 25.87 ▼ 3.86% VBBR3 29.75 ▼ 3.75% BBSE3 35.40 ▲ 2.37% BPAC11 53.75 ▼ 1.01% CURY3 31.73 ▼ 1.40% AERI3 2.29 ▼ 1.29% VIVARA 21.84 ▼ 1.40% COMPASS 26.77 ▼ 0.82% VAMOS 3.06 ▼ 4.08% SANB11 27.16 ▼ 0.22% ASAI3 8.75 ▼ 2.56% SBSP3 27.95 ▼ 0.75% WALMEX 52.48 ▲ 0.04% GMEXICO 214.29 ▲ 0.39% FEMSA 206.62 ▼ 1.53% CEMEX 22.77 ▲ 0.26% GFNORTE 180.63 ▼ 2.44% BIMBO 59.69 ▲ 1.50% TELEVISA 9.33 ▼ 3.72% AMX 22.08 ▼ 1.43% GAP 407.34 ▼ 1.53% ASUR 296.27 ▼ 1.45% OMA 217.77 ▼ 0.33% KOF 187.08 ▲ 0.74% GRUMA 291.39 ▼ 0.73% KIMBER 38.40 ▲ 0.39% SQM-B 76,200 ▲ 1.10% COPEC 6,323 ▼ 3.61% BSANTANDER 70.00 ▼ 1.96% FALABELLA 5,700 ▼ 2.98% ENELAM 78.00 ▼ 1.25% CENCOSUD 2,099 ▼ 3.72% CMPC 1,066 ▼ 4.82% BANCO CHILE 167.66 ▼ 2.81% LATAM AIR 24.10 ▲ 1.43% YPF 78,350 ▲ 1.65% GGAL 7,495 ▲ 3.59% PAMPA 5,095 ▲ 2.16% TXAR 692.50 ▲ 3.28% ALUAR 1,019 ▲ 1.39% TGS 9,135 ▲ 0.05% CEPU 2,356 ▲ 4.43% MIRGOR 16,950 ▲ 1.04% COME 49.36 ▲ 4.82% LOMA NEGRA 3,593 ▲ 2.50% BYMA 296.75 ▲ 1.37% TELECOM ARG 4,328 ▲ 5.55% ECOPETROL 14.62 ▼ 1.02% BANCOLOMBIA 68.59 ▼ 0.87% GRUPO AVAL 4.61 ▼ 1.71% CREDICORP 342.63 ▲ 0.33% SOUTHERN COPPER 191.30 ▼ 1.84% BUENAVENTURA 36.89 ▲ 5.37% MERCADOLIBRE 1,696 ▲ 0.01% NUBANK 13.13 ▲ 0.61% XP 16.67 ▼ 1.71% PAGSEGURO 9.35 ▲ 0.21% STONE 11.45 ▲ 1.06% GLOBANT 40.43 ▲ 1.25% TECNOGLASS 43.09 ▼ 2.53% GAP AIRPORT 236.30 ▼ 0.76% ASUR 296.27 ▼ 1.45% OMA AIRPORT 100.32 ▼ 0.40% AMX ADR 25.40 ▼ 1.53% FEMSA ADR 119.03 ▼ 1.51% CEMEX ADR 13.10 ▲ 0.27% PETROBRAS ADR 18.77 ▼ 0.32% VALE ADR 16.25 ▼ 1.81% ITAU ADR 7.88 — 0.00% SANTANDER BR 5.45 — 0.00% AMBEV ADR 3.21 ▲ 0.31% CSN 1.35 ▼ 1.10% GERDAU 4.50 ▼ 3.23% LATAM ADR 53.68 ▲ 1.04% BTC 73,857 ▲ 0.66% ETH 2,025 ▲ 0.63% SOL 82.73 ▲ 0.97% XRP 1.35 ▲ 1.30% BNB 701.26 ▲ 9.18% ADA 0.24 ▲ 1.72% DOGE 0.10 ▲ 1.80% AVAX 8.97 ▲ 1.75% LINK 9.21 ▲ 2.19% DOT 1.20 ▲ 0.33% LTC 52.37 ▲ 1.04% BCH 307.02 ▲ 1.70% TRX 0.35 ▲ 1.06% XLM 0.25 ▼ 4.70% HBAR 0.10 ▼ 1.69% NEAR 2.35 ▼ 1.20% ATOM 2.05 ▲ 1.57% AAVE 83.17 ▲ 0.97% SELIC 14.50% EMBRAER 73.38 ▼ 0.30% EMBRAER ADR 57.75 ▼ 1.11% JBS 12.47 ▼ 3.63% JBS BDR 61.00 ▼ 6.20% MBRF3 16.01 ▼ 1.72% MBRFY 3.08 ▼ 4.64% INTER 6.17 ▼ 2.68% IBOV 173,787 ▼ 0.73% IPSA 10,788 ▼ 1.00% IPC MEX 68,588 ▼ 0.40% MERVAL 3,166,407 ▲ 2.49% COLCAP 2,176.90 ▼ 0.26% BVL PERÚ 34,836.62 ▲ 0.71% USD/BRL 5.04 ▲ 0.13% USD/MXN 17.34 ▲ 0.12% USD/CLP 888.00 ▼ 0.41% USD/COP 3,666 ▲ 0.83% USD/PEN 3.40 ▼ 0.32% USD/ARS 1,409 ▼ 0.07% USD/UYU 40.13 ▲ 1.58% USD/PYG 5,998 ▼ 0.32% USD/BOB 6.86 ▲ 1.81% USD/DOP 58.15 ▲ 0.12% USD/CRC 451.23 ▲ 2.38% USD/GTQ 7.62 ▲ 2.23% USD/HNL 26.63 ▲ 1.72% USD/NIO 36.62 ▲ 0.31% USD/VES 548.00 ▼ 0.13% USD/PAB 1.00 ▲ 2.24% USD/BZD 2.00 ▲ 1.68% USD/JMD 156.59 ▲ 0.93% USD/TTD 6.75 ▲ 1.47% EUR/BRL 5.88 ▼ 0.16% BRENT 91.12 ▼ 2.76% WTI 87.36 ▼ 1.73% IRON ORE 161.91 — — COPPER 6.39 ▼ 0.11% GOLD 4,593 ▲ 2.08% SILVER 75.88 ▲ 0.30% SOY 1,187 ▼ 0.65% CORN 446.75 ▼ 1.97% WHEAT 610.50 ▼ 2.16% COFFEE 265.90 ▼ 3.04% SUGAR 14.07 ▲ 1.01% ORANGE JUICE 158.80 ▼ 5.84% COTTON 76.25 ▼ 0.68% COCOA 3,901 ▼ 4.83% BEEF 239.05 ▼ 4.28% CATTLE 348.43 ▼ 1.30% LITHIUM 87.15 ▼ 0.40% PETR4 42.00 ▼ 1.20% VALE3 82.82 ▼ 1.36% ITUB4 40.04 ▲ 0.10% BBDC4 17.70 ▼ 1.12% ABEV3 16.32 ▲ 0.18% BBAS3 20.30 ▼ 1.41% B3SA3 16.50 — 0.00% WEGE3 44.10 ▲ 0.87% PRIO3 62.25 ▼ 1.14% SUZB3 41.91 ▲ 0.53% RENT3 42.02 ▼ 1.87% AZZA3 19.31 ▼ 2.72% CSAN3 3.80 ▼ 3.55% RAIZ4 0.36 ▲ 5.88% PCAR3 1.86 ▼ 5.10% GMAT3 4.27 ▲ 3.14% PSSA3 48.31 ▲ 0.06% CVCB3 1.50 ▼ 6.25% POSI3 4.07 ▼ 1.69% SLCE3 15.50 ▼ 2.52% NATU3 9.95 ▼ 1.49% BRKM5 10.46 ▼ 6.02% RANI3 8.02 ▲ 1.01% CSNA3 6.71 ▼ 1.32% CMIN3 4.66 ▼ 0.85% USIM5 11.08 ▲ 4.04% GGBR4 22.77 ▼ 3.11% ENEV3 25.63 ▲ 2.52% NEOE3 33.80 — 0.00% CPFE3 43.39 ▲ 0.84% CMIG4 10.76 ▼ 2.62% EQTL3 38.55 ▲ 0.92% LREN3 14.90 ▼ 0.67% VIVT3 33.82 ▲ 0.65% RAIL3 13.72 ▼ 0.94% KLABIN 16.67 — 0.00% RAIA DROGASIL 18.69 ▼ 1.37% RDOR3 34.02 ▼ 1.31% HAPV3 12.15 ▼ 2.64% FLRY3 15.39 ▼ 2.22% SMTO3 16.98 ▼ 1.05% UGPA3 25.87 ▼ 3.86% VBBR3 29.75 ▼ 3.75% BBSE3 35.40 ▲ 2.37% BPAC11 53.75 ▼ 1.01% CURY3 31.73 ▼ 1.40% AERI3 2.29 ▼ 1.29% VIVARA 21.84 ▼ 1.40% COMPASS 26.77 ▼ 0.82% VAMOS 3.06 ▼ 4.08% SANB11 27.16 ▼ 0.22% ASAI3 8.75 ▼ 2.56% SBSP3 27.95 ▼ 0.75% WALMEX 52.48 ▲ 0.04% GMEXICO 214.29 ▲ 0.39% FEMSA 206.62 ▼ 1.53% CEMEX 22.77 ▲ 0.26% GFNORTE 180.63 ▼ 2.44% BIMBO 59.69 ▲ 1.50% TELEVISA 9.33 ▼ 3.72% AMX 22.08 ▼ 1.43% GAP 407.34 ▼ 1.53% ASUR 296.27 ▼ 1.45% OMA 217.77 ▼ 0.33% KOF 187.08 ▲ 0.74% GRUMA 291.39 ▼ 0.73% KIMBER 38.40 ▲ 0.39% SQM-B 76,200 ▲ 1.10% COPEC 6,323 ▼ 3.61% BSANTANDER 70.00 ▼ 1.96% FALABELLA 5,700 ▼ 2.98% ENELAM 78.00 ▼ 1.25% CENCOSUD 2,099 ▼ 3.72% CMPC 1,066 ▼ 4.82% BANCO CHILE 167.66 ▼ 2.81% LATAM AIR 24.10 ▲ 1.43% YPF 78,350 ▲ 1.65% GGAL 7,495 ▲ 3.59% PAMPA 5,095 ▲ 2.16% TXAR 692.50 ▲ 3.28% ALUAR 1,019 ▲ 1.39% TGS 9,135 ▲ 0.05% CEPU 2,356 ▲ 4.43% MIRGOR 16,950 ▲ 1.04% COME 49.36 ▲ 4.82% LOMA NEGRA 3,593 ▲ 2.50% BYMA 296.75 ▲ 1.37% TELECOM ARG 4,328 ▲ 5.55% ECOPETROL 14.62 ▼ 1.02% BANCOLOMBIA 68.59 ▼ 0.87% GRUPO AVAL 4.61 ▼ 1.71% CREDICORP 342.63 ▲ 0.33% SOUTHERN COPPER 191.30 ▼ 1.84% BUENAVENTURA 36.89 ▲ 5.37% MERCADOLIBRE 1,696 ▲ 0.01% NUBANK 13.13 ▲ 0.61% XP 16.67 ▼ 1.71% PAGSEGURO 9.35 ▲ 0.21% STONE 11.45 ▲ 1.06% GLOBANT 40.43 ▲ 1.25% TECNOGLASS 43.09 ▼ 2.53% GAP AIRPORT 236.30 ▼ 0.76% ASUR 296.27 ▼ 1.45% OMA AIRPORT 100.32 ▼ 0.40% AMX ADR 25.40 ▼ 1.53% FEMSA ADR 119.03 ▼ 1.51% CEMEX ADR 13.10 ▲ 0.27% PETROBRAS ADR 18.77 ▼ 0.32% VALE ADR 16.25 ▼ 1.81% ITAU ADR 7.88 — 0.00% SANTANDER BR 5.45 — 0.00% AMBEV ADR 3.21 ▲ 0.31% CSN 1.35 ▼ 1.10% GERDAU 4.50 ▼ 3.23% LATAM ADR 53.68 ▲ 1.04% BTC 73,857 ▲ 0.66% ETH 2,025 ▲ 0.63% SOL 82.73 ▲ 0.97% XRP 1.35 ▲ 1.30% BNB 701.26 ▲ 9.18% ADA 0.24 ▲ 1.72% DOGE 0.10 ▲ 1.80% AVAX 8.97 ▲ 1.75% LINK 9.21 ▲ 2.19% DOT 1.20 ▲ 0.33% LTC 52.37 ▲ 1.04% BCH 307.02 ▲ 1.70% TRX 0.35 ▲ 1.06% XLM 0.25 ▼ 4.70% HBAR 0.10 ▼ 1.69% NEAR 2.35 ▼ 1.20% ATOM 2.05 ▲ 1.57% AAVE 83.17 ▲ 0.97% SELIC 14.50% EMBRAER 73.38 ▼ 0.30% EMBRAER ADR 57.75 ▼ 1.11% JBS 12.47 ▼ 3.63% JBS BDR 61.00 ▼ 6.20% MBRF3 16.01 ▼ 1.72% MBRFY 3.08 ▼ 4.64% INTER 6.17 ▼ 2.68%
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Saturday, May 30, 2026

Brazil’s Kingmaker Party Resurrects 85-Year-Old Former President Temer as Escape Route from Political Chaos

By · February 2, 2026 · 2 min read

Daily Brief

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Key Points

  • Brazil’s power-broker MDB party quietly polling whether Michel Temer, the 85-year-old former president and master dealmaker, could offer voters a way out of renewed political warfare
  • The 2026 race currently pits a sitting president seeking his fourth term against the son of a jailed predecessor convicted of attempting a coup
  • Latin America’s largest economy faces critical decisions on its democratic future while key political players maneuver behind closed doors

Brazil’s most cunning political party is dusting off an unlikely savior. The MDB, a centrist coalition that has survived every political upheaval since military dictatorship ended in 1985, is testing whether former President Michel Temer could rescue the country.

From another bruising ideological battle. The backdrop makes this maneuver comprehensible. Current polling shows President Luiz Inácio Lula da Silva, already in his third term despite promising in 2022 it would be his last, preparing to run again in 2026.

His likely opponent is Senator Flávio Bolsonaro, whose father Jair Bolsonaro sits in Papuda prison following conviction for plotting to overturn Brazil’s democratic order after losing the 2022 election.

Brazil’s Kingmaker Party Resurrects 85-Year-Old Former President Temer as Escape Route from Political Chaos. (Photo Internet reproduction)

This is where Temer becomes interesting. The constitutional lawyer turned president assumed office in 2016 when Dilma Rousseff was impeached, steering Brazil through economic crisis with pension and labor reforms that stabilized markets but proved politically toxic.

He never won election himself, yet remained Brazil’s ultimate behind-the-scenes operator. Today, at 85, Temer represents Google and Huawei in regulatory battles with lawmakers, maintaining connections across the political spectrum that younger politicians can only envy.

Unlike Bolsonaro, he emerged unscathed from corruption investigations, securing acquittal in Operation Car Wash and recovering roughly 6.5 million dollars in frozen assets.

Brazil 2026 Election Coalition Maneuvers

The MDB holds three cabinet positions under Lula despite belonging to neither ideological camp, exemplifying its transactional genius.

Planning Minister Simone Tebet, who ran unsuccessfully for president in 2022 before backing Lula, announced she will leave government by March to pursue either São Paulo’s governorship or a Senate seat, complicating party calculations.

Meanwhile, São Paulo Governor Tarcísio de Freitas, widely considered Bolsonaro‘s political heir, ruled out a presidential run.

Temer himself proposed uniting conservative governors including Freitas, Eduardo Leite, Ratinho Júnior, Ronaldo Caiado, and Romeu Zema as an alternative coalition.

For international observers, Brazil’s 2026 election matters enormously. The nation of 215 million people represents Latin America’s economic anchor, holding sway over regional migration, Venezuelan policy, and whether the continent tilts toward Washington or Beijing. Whether voters choose experience over ideology remains the critical question.

Related coverage: Brazil’s Morning Call | Brazil’s Factory Downturn Deepens as Tariffs, High Rates and This is part of The Rio Times’ daily coverage of Brazil affairs and Latin American financial news.

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