Brazil's Lula seen favoring leftist Haddad for finance minister, three sources say

FILE PHOTO: Luiz Inacio Lula da Silva, former president of Brazil and current presidential candidate, his running mate Geraldo Alckmin, and Sao Paulo Governor candidate Fernando Haddad greet supporters during a march in Sao Bernardo do Campo, Sao Paulo state, Brazil October 6, 2022. REUTERS/Mariana Greif/File Photo

Leftist former Sao Paulo Mayor Fernando Haddad is emerging as the front-runner to be Brazilian President-elect Luiz Inacio Lula da Silva's finance minister, three sources said, although they added no decision has yet been made.

A Haddad appointment would likely be seen by investors as the latest sign that Lula appears to be elevating leftist allies over centrists in formulating his government-in-waiting's economic policy.

FILE PHOTO: Luiz Inacio Lula da Silva and Fernando Haddad react at an election night gathering on the day of the Brazilian presidential election run-off, in Sao Paulo, Brazil, October 30, 2022. REUTERS/Mariana Greif

(Reporting by Lisandra Paraguassu; editing by Jonathan Oatis)