Brazil’s Ibovespa ended October at 167,921.80 points, down 9.88% for the month and 18.12% over the five trading sessions following President Luiz Inácio Lula da Silva’s reelection. The selloff came with a weaker real and sharply higher futures interest rates, while exporters generally held up better than domestically focused companies.
Brazil’s Ibovespa fell 13.88% on October 26 after Luiz Inácio Lula da Silva’s re-election, triggering B3’s circuit breaker, while the commercial dollar rose 8.21%. The Treasury reportedly cancelled scheduled bond auctions as markets reassessed fiscal-policy risk.
Brazil’s Supreme Federal Court has clarified when electricity distributors’ 10-year obligation to direct recovered PIS/Cofins tax amounts to consumers begins. The ruling does not require an immediate or uniform reduction in electricity bills.
Brazil's Ibovespa ended four consecutive losses on September 29, closing 0.46% higher at 183,827.59 points. Investors weighed official figures showing 5.3% unemployment and 165,827 net formal jobs created in August, while uncertainty before the October 4 presidential election remained a market consideration.
Brazil’s oil and gas regulator has approved a renewed 24-month restriction on biodiesel transactions between liquid-fuel distributors, citing traceability and oversight of fuel used in mandatory diesel blending.
Petrobras closed at a record R$700.08 billion market capitalization on October 2 after reporting another oil-bearing interval at an exploratory well off Amapá. The result remains preliminary, with environmental licensing under appeal.
Brazil’s central bank cut the Selic rate by 0.25 percentage point to 13.75% in September, its fifth consecutive reduction of 2026, while signaling caution over inflation expectations and uncertainty.