Tag Archives: Brazil

On Tuesday, Brazil’s Ibovespa stock index experienced a downturn, dropping 0.99% and falling below the 127,200 mark. The decline was primarily attributed to two key factors: sharp falls in mega-cap stocks and growing fiscal concerns that weighed heavily on investor sentiment.  Several major companies saw significant losses in their stock prices. Vale, the iron ore […]

President Lula da Silva of Brazil held extensive three-day meetings with multiple ministers, addressing long-standing concerns over fiscal imbalances and unsustainable deficits. Following these discussions, Lula directed a cut of R$25.9 billion in mandatory expenses, demonstrating a firm commitment to the new federal fiscal framework.  Finance Minister Fernando Haddad elaborated on the framework’s objectives, which […]

The Ibovespa, Brazil’s benchmark stock index, managed to recover from its initial losses during the day’s trading session, ending with a slight increase of 0.1% to reach 119,662 points by the close on Friday.   Despite nearing its lowest point since the beginning of November, influenced by ongoing political disputes, the index saw a weekly decline […]

During its March gathering, Brazil’s central bank trimmed the main Selic rate (federal funds rate) by 0.50 percentage points, bringing it to 10.75%, which met market forecasts. Policymakers noted that the international climate remains unpredictable, with ongoing discussions over when major economies will begin loosening their monetary policies, as well as the rate at which […]

Brazilian Equities Surge to All-Time High as Interest Rates Decline The Brazilian stock market, led by the Ibovespa index, achieved a remarkable 0.68% gain on Monday, reaching a historic high of 131,084 points. This surge not only erased previous session losses but also showcased the resilience of the market in the face of various economic […]