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Ibovespa maintains gains and dollar fluctuates with international scenario.
The Ibovespa, the main index of the Brazilian stock exchange, showed a slight drop of 0.07%, closing at 157,632 points in the last trading session, but maintains an upward trend in the short and medium term. The dollar futures rose 0.36%, quoted at R$ 5.31, reflecting market volatility in the face of domestic and international factors.
Brazilian retail shows mixed signals in September.
Recent data from the Monthly Trade Survey (PMC) indicate a 21% increase in retail sales in September compared to the previous year, with a 0.31% increase compared to the previous month. However, regional performance is uneven: 15 of the 27 federative units registered a decline, with Maranhão and Roraima among the largest contractions, while Tocantins and Amapá led the increases.
Corporate results and financial impacts
Casas Bahia reported revenue growth and improved EBITDA in the third quarter of 2025, driven by operational efficiency and a recovery in sales in physical and online stores, although it recorded a higher-than-expected net loss due to high financial expenses. Banco do Brasil, on the other hand, presented results below expectations, with lower pre-tax profit (11%), affected by higher provisions and a deterioration in credit quality, especially in the rural segment.
Tariff negotiations between Brazil and the US are gaining prominence.
The meeting between Brazilian Foreign Minister Mauro Vieira and US Secretary of State Marco Rubio, held in Niagara Falls during the G7 summit, focused on negotiations to reduce tariffs imposed by the US on Brazil. The Brazilian government seeks to reverse tariffs that reached 40%, imposed during the Trump administration, which could benefit export sectors and improve the bilateral business environment.
Expectations for monetary policy and the financial market
Investors are closely monitoring the minutes of the Monetary Policy Committee (Copom) meeting and the October inflation data, which could open the door for cuts in the Selic rate as early as January 2026, stimulating investments in the stock market. In 2025, the Ibovespa accumulated an appreciation of more than 29%, the largest since 2019, driven by sectors such as oil companies, mining companies, and banks.
Photo by Vadim Shevyrin on Unsplash
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