IBOV 183,428.21 ▼ 0.29% IPSA 11,297.73 ▼ 0.02% IPC MEX 64,264.16 ▼ 0.02% MERVAL 2,909,312 ▼ 1.04% COLCAP 2,583.81 ▼ 0.98% BVL PERÚ 59,934.37 ▲ 0.57% USD/BRL5.20▲ 0.13% USD/MXN17.70▼ 0.13% USD/CLP960.68▼ 0.27% USD/COP3,288▲ 0.04% USD/PEN3.42▲ 0.25% USD/ARS1,523▲ 0.21% USD/UYU40.21▲ 3.50% USD/PYG5,870▲ 2.23% USD/BOB12.17▲ 2.05% USD/DOP59.35▲ 0.25% USD/CRC450.87▲ 2.53% USD/GTQ7.64▲ 3.22% USD/HNL26.85▲ 0.31% USD/NIO36.62▲ 0.31% USD/VES853.52▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.77▲ 2.72% EUR/BRL5.92▲ 0.88% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 183,428.21 ▼ 0.29% IPSA 11,297.73 ▼ 0.02% IPC MEX 64,264.16 ▼ 0.02% MERVAL 2,909,312 ▼ 1.04% COLCAP 2,583.81 ▼ 0.98% BVL PERÚ 59,934.37 ▲ 0.57% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Friday, September 25, 2026

Brazil Politics and Society

Alfredo Gaspar Named Flávio Bolsonaro’s Running Mate

By · August 5, 2026 · 5 min read

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Politics: Brasília

Key Facts

—Announcement. On 5 August 2026, presidential candidate Flávio Bolsonaro named federal deputy Alfredo Gaspar (PL-AL) as his vice-presidential running mate.

—The ticket. The pairing forms an all-Liberal Party (PL) ticket after Flávio failed to secure alliances with centrist parties such as PP, Republicans and União Brasil.

—Who is Gaspar. A lawyer from Maceió and former two-time attorney-general of Alagoas, Gaspar built his profile on anti-corruption and public-security cases before his 2022 election to Congress.

—The staging. Flávio unveiled the pick flanked by six women, having earlier signalled a preference for a female running mate.

—Market reaction. The Ibovespa pared its gains and the real trimmed its advance against the US dollar after the announcement, with a central-bank rate decision also in view.

Flávio Bolsonaro named federal deputy Alfredo Gaspar as his running mate on 5 August, completing an all-PL opposition ticket for Brazil’s October election as investors weighed the choice.

Flávio Bolsonaro running mate announcement at Brazil's National Congress in Brasília
Brazil's National Congress in Brasília, where the 2026 presidential race is taking shape. (Photo: Wikimedia Commons)
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A Running Mate Chosen After Alliance Talks Stalled

Senator Flávio Bolsonaro, the eldest son of former president Jair Bolsonaro, confirmed on Wednesday that federal deputy Alfredo Gaspar will run for vice-president on his ticket in the October general election. The announcement, made in Brasília, ends weeks of speculation over the second name on the opposition slate.

According to Brazilian outlets including CNN Brasil and Gazeta do Povo, the choice produced what commentators called a “chapa pura” — a ticket drawn entirely from the Liberal Party (PL). The senator had spent weeks seeking a running mate from a broader centrist bloc but did not close an alliance with parties such as PP, Republicans or União Brasil.

Flávio is standing in place of his father, who has been ruled ineligible to run. Recent polling cited by Reuters has shown a competitive race against President Luiz Inácio Lula da Silva, whose own ticket pairs him with Vice-President Geraldo Alckmin.

Who Is Alfredo Gaspar?

Alfredo Gaspar is a federal deputy for Alagoas, elected in 2022 on the PL ticket. Born in Maceió and trained in law, he served twice as attorney-general of Alagoas, where he became known for anti-corruption and organized-crime cases.

His public-security profile aligns with the law-and-order themes that have defined the Bolsonaro movement. The JOTA legal news site noted that the selection reflects a campaign leaning on its established base rather than broadening toward the political centre.

Gaspar was not among the best-known national names floated for the role, and analysts quoted in Brazilian media said his reach beyond the northeastern state remains to be tested in a national campaign.

Live Market IntelligenceBrazil — Live Market BoardInside: market breadth, the sector heatmap, currencies & rates, the Latin America scoreboard and the full instrument board.

Rio Times · Live Market Intelligence

Brazil — Live Market Board

B3 · São Paulo
Sep 25, 2026 · 14:01

Ibovespa · benchmark
183,428.21
-0.29%
L 167,142day rangeH 168,310

+21.85% over 12 months

Market breadth · 15 names
47% advancing

7 ▲ advancing8 declining ▼

Currencies, rates & key inputs
USD / BRL
5.16
+0.01%

EUR / BRL
5.95
+1.01%

Selic rate
14.00%
·

Brent crude
88.88
-0.03%

Iron ore
161.91
·

Sector heatmap · average move today
Materials
+2.35%
SUZB3

Mining
+1.16%
VALE3, CSNA3, GGBR4

Industrials
+0.20%
WEGE3, RENT3

Financials
-0.10%
ITUB4, BBDC4, BBAS3, B3SA3

Energy
-0.12%
PETR4, PRIO3

Consumer Staples
-0.80%
ABEV3

Utilities
-1.38%
ENEV3

Consumer Disc.
-2.63%
AZZA3

Latin America scoreboard
IndexLastTodayStrength
IbovespaBrazil
183,428.21
-0.29%

S&P/BMV IPCMexico
64,264.16
-0.02%

S&P IPSAChile
11,297.73
-0.02%

S&P MERVALArgentina
2,909,312
-1.04%

MSCI COLCAPColombia
2,583.81
-0.98%

BVL S&P PerúPeru
59,934.37
+0.57%

Full instrument board
Instrument Last Change YoY Prev. High Low Volume
IBOV 183,428.21 -0.29% +21.85% 183,965.91 168,310 167,142 —
USD/BRL 5.16 +0.01% -5.13% 5.16 5.18 5.14 —
SELIC 14.00% — — — — —
PETR4 41.64 -0.05% +35.19% 41.66 41.97 41.15 41,499,400
VALE3 72.97 +0.83% +30.75% 72.37 73.54 72.66 17,658,000
ITUB4 38.60 -1.03% +4.57% 39.00 39.34 38.39 29,487,800
BBDC4 16.85 +0.36% +3.50% 16.79 16.90 16.67 19,416,900
BBAS3 19.37 +0.47% +0.73% 19.28 19.44 19.16 11,069,200
B3SA3 14.26 -0.21% +12.73% 14.29 14.47 14.11 33,037,800
ABEV3 14.89 -0.80% +21.91% 15.01 15.07 14.81 16,453,100
WEGE3 47.59 +0.49% +29.99% 47.36 48.08 47.36 3,364,600
PRIO3 59.14 -0.19% +50.67% 59.25 59.81 58.74 3,325,600
SUZB3 41.33 +2.35% -23.55% 40.38 41.48 40.35 3,914,900
RENT3 34.68 -0.09% +0.84% 34.71 34.96 34.35 7,979,100
AZZA3 15.89 -2.63% -53.76% 16.32 16.42 15.82 1,330,300
CSNA3 4.30 +0.47% -42.65% 4.28 4.41 4.26 10,076,100
GGBR4 24.69 +2.19% +51.38% 24.16 24.85 24.18 7,047,600
ENEV3 24.21 -1.38% +70.49% 24.55 24.64 23.99 9,297,000

Largest moves today
AZZA3
15.89
-2.63%
SUZB3
41.33
+2.35%
GGBR4
24.69
+2.19%
ENEV3
24.21
-1.38%
ITUB4
38.60
-1.03%
VALE3
72.97
+0.83%
ABEV3
14.89
-0.80%
WEGE3
47.59
+0.49%

The session read
The Ibovespa eased 0.29%, with breadth negative — 7 of 15 names higher. Materials led, while Consumer Disc. lagged.

An Announcement Flanked by Six Women

Flávio presented his running mate alongside six women, according to Poder360, after publicly signalling for weeks that he favoured a female vice-presidential candidate. Names discussed in the press had included senators Tereza Cristina and Damares Alves and former first lady Michelle Bolsonaro.

The decision to ultimately choose Gaspar drew criticism from some within his own camp, InfoMoney reported, precisely because the senator had championed the idea of a woman on the ticket. Campaign figures framed the staging as an effort to underline the role of women in the movement even as the final pick went to a male deputy.

The gap between the earlier signalling and the final choice became an immediate talking point, illustrating the difficulty of balancing message and coalition arithmetic.

How Markets Reacted

Brazilian assets showed a measured response. Reuters and InfoMoney reported that the Ibovespa, which had touched 180,000 points intraday, pared its advance after the running-mate news, while the real gave back part of its gain against the US dollar and dollar futures held broadly steady on the session.

Analysts cited by Brasil247 said parts of the financial community in São Paulo viewed the pick as one that “does not add” to the ticket’s appeal. Some investors read a weaker-looking opposition slate as marginally supportive of the dollar, on the view that a change of government is associated with tighter fiscal policy.

Traders were also positioned for a monetary-policy decision the same week, with a 25-basis-point cut to the benchmark Selic rate widely expected, which limited the market’s focus on the political news.

What Comes Next

With both major tickets now defined, the campaign moves toward the formal registration of candidacies and the start of official campaigning ahead of the October vote. A second round would follow later in October if no candidate wins an outright majority.

For foreign investors, the contest is being watched for its implications on fiscal policy, public spending and Brazil’s diplomatic posture. The Gaspar pick sharpens the opposition’s public-security message, a theme that resonates with parts of the electorate.

The coming weeks will test whether an all-PL ticket can expand Flávio’s support beyond his father’s core base, or whether the absence of centrist allies constrains his reach in a polarised race.

Frequently Asked Questions

Who is Flávio Bolsonaro’s running mate for 2026?

Flávio Bolsonaro named federal deputy Alfredo Gaspar (PL-AL) as his vice-presidential running mate on 5 August 2026, forming an all-Liberal Party ticket for Brazil’s October general election.

Why did Flávio Bolsonaro choose an all-PL ticket?

According to Brazilian media, the senator was unable to close alliances with centrist parties such as PP, Republicans and União Brasil, so both names on the ticket come from his own Liberal Party.

How did markets react to the running-mate announcement?

The Ibovespa pared intraday gains and the real trimmed its advance against the US dollar after the news, though investors were also focused on an expected central-bank interest-rate decision.

Sources

ABC News · Bloomberg · CNN Brasil · Poder360 · Reuters/InfoMoney

Connected Coverage

More coverage of Brazilian politics, markets and policy from The Rio Times.

Brazil News — The Rio Times

Sources: ABC News, Bloomberg, CNN Brasil, Gazeta do Povo, JOTA, Poder360, Reuters/InfoMoney.

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