Stock market rises and government expands support for businesses.

Brazilian stock market hits new record.

The Ibovespa, the main index of B3, closed on Monday (10) at 155,257 points, up 0.77% on the day and 29.08% in the year. It is the largest accumulated appreciation since 2019, when the index rose 31.58%.

The rise was mainly supported by shares of oil companies, mining companies and banks. The commercial dollar closed at R$ 5.307, a drop of 0.55% on the day and an accumulated drop of 14.12% in 2025.

Interest rate and inflation expectations

The market is awaiting the minutes of the Copom meeting, which will be released this Tuesday (11), and the October IPCA. If inflation comes in below expectations, there is an expectation that the Central Bank will start reducing the Selic rate as early as January, which could further boost the stock market.

Sovereign Brazil Plan expands access

The federal government has expanded access for companies to the Sovereign Brazil Plan, a support program for companies affected by US tariffs. The new decree reduced the minimum export impact required to apply for financing from 5% to 1%.

Brazilian Foreign Minister Mauro Vieira traveled to Washington for a meeting with U.S. Secretary of State Marco Rubio to discuss reversing tariffs imposed on Brazil.

Impact on the productive sector

• Companies with less impact on exports can now access the plan.
• The measure aims to protect strategic sectors of the Brazilian economy.
• Expectations are high for increased investment and competitiveness.

Photo by Adam Śmigielski on Unsplash