☕ Good morning, market | 12/08/2026
📊 Quotes
* 🇧🇷 IBOV: 167.874,64 pts | 🔴 -2.50% (close on 11/08) (Bora Investir)
* 💵 Commercial dollar: R$ 5,161 | 🟢 +0.98% (close on 11/08) (UOL Economia)
* 🥇 Spot gold: US$ 4,400.44/ounce | 🟢 +0.77% (Euronext Live)
* ₿ Bitcoin: US$ 63,738 | 🔴 -0.47%
* ⛏️ Iron ore — Dalian: 723 yuan/ton | 🟢 +0.21% (Trading Economics)
* 🛢️ Brent oil: US$ 89.46/barrel | 🟢 +0.62% (Euronext Live)
📰 What moved the market?
Yesterday, the Ibovespa suffered a strong correction, pressured by the more cautious Copom minutes, July’s IPCA coming in above expectations, and the downgrade of JPMorgan’s recommendation for Brazilian stocks—from overweight to neutral. (Bora Investir)
Abroad, gold and oil are advancing with rising geopolitical tensions and new attacks on vessels, while investors await US inflation. Iron ore is also up, supported by concerns about supply and possible disruptions in Port Hedland, Australia. (Euronext Live)
👀 What to watch today?
* ✅ US CPI: consensus points to a 0.1% rise in July, with annual inflation cooling from 3.5% to 3.4%. (Euronext Live)
* ✅ Response of Treasuries, the dollar, and gold to US inflation data.
* ✅ Ongoing tensions in the Strait of Hormuz and their effects on Brent and Petrobras. (Euronext Live)
* ✅ Ibovespa recovery attempt after yesterday’s 2.50% drop. (Bora Investir)
* ✅ Iron ore holding above 720 yuan and possible spillovers for Vale and steel mills. (Trading Economics)
💡 Insight of the Day
After a strong correction in the stock market, the US CPI could define the next move for risk assets. More important than anticipating the bottom is to see whether buy-side flow returns and confirms the recovery.
Great investments! 🚀