Brazilian equities, the real, capital flows and market reactions to economic and political events.
0 readers following this topic
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 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 electricity regulator awarded all eight lots in a transmission auction on October 30, securing commitments for an estimated R$8.88 billion of future investment, nearly 1,900 km of new lines and projected employment during construction.
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 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.
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.