Market retreats while government expands credit for

Stock market closes down after record highs; National Monetary Council approves protection measures.

The Brazilian financial market registered a consolidation movement this Thursday (13). The Ibovespa retreated 0.07%, closing at 157,633 points, interrupting a sequence of more than 10 consecutive days of record highs. The dollar, in turn, advanced 0.10%, quoted at R$ 5.2975.

Despite the main index's decline, some stocks stood out positively. Taísa led the gains with a rise of 5.77%, followed by CSN with 5.05% and B3 with 4.36%. The market infrastructure company held a conference call with analysts to explain the business results.

International negotiations in focus.

The international scenario once again influenced investors' decisions after the end of the US government shutdown. Brazilian Foreign Minister Mauro Vieira met with US Secretary of State Marco Rubio in Niagara Falls, on the sidelines of the G7 meeting, to discuss the progress of tariff negotiations between the two countries.

Government reinforces support for the productive sector.

In response to the impacts of the US tariff hike, the National Monetary Council (CMN) approved, in an extraordinary meeting this Thursday, significant changes to the Sovereign Brazil Plan. The new rules expand access to emergency credit, strengthen eligibility criteria, and include suppliers of exporting companies among the beneficiaries.

The total of R$30 billion in emergency credit lines, created in August, now reaches a wider scope. The Vice-President and Minister of Development, Industry, Trade and Services, Geraldo Alckmin, highlighted that the government is acting on two fronts: diplomatic negotiation and direct support to the productive sector.

Retail shows mixed signals in September.

The Monthly Retail Trade Survey (PMC) released by IBGE revealed a heterogeneous performance of Brazilian retail in September. While supermarkets maintained positive performance, pharmaceutical and perfumery items rose 1.31% of the total sales period (TP3T), and personal care items advanced 0.51% of the total sales period (TP3T).

Regionally, 15 of the 27 federative units registered a decline, with Maranhão (-2.2%) and Roraima (-2.0%) standing out. Among the increases, Tocantins (3.2%) and Amapá (2.9%) led the way. In the broader retail sector, Tocantins saw a strong increase of 11.4%, while Paraná (-1.8%) and São Paulo (-1.6%) were among the largest declines.

Banco do Brasil faces challenges

Banco do Brasil reported a 60% drop in profit year-on-year, impacted by rising default rates and increased provisions. The institution again lowered its projections for the year. Simultaneously, the bank signed a letter of intent with the European Investment Bank to raise €350 million to support women entrepreneurs and clean energy in the Legal Amazon region.

Innovation in impact investing

During COP 30 in Belém, the Impacta Brasil Portal was launched as the first virtual showcase for connecting national and international investors. The platform presented 351 businesses focused on climate solutions. This joint initiative of the Ministry of Development, Industry, Trade and Services has partnerships with Caixa Econômica Federal, Apex Brasil, BNDES, and other institutions.

Photo by Sean Pollock on Unsplash