🇧🇷 B3 UNDER PRESSURE: INTEREST RATES, FISCAL POLICY AND RISK AVERSION AT THE CENTER OF THE MARKET
Brazilian stocks fell again on Tuesday (03/11), recording their sixth consecutive session of losses.
📉 MARKET CLOSE
Ibovespa: -1.42%, at 165,528 points.
Commercial dollar: +0.70%, at R$ 5,486.
Petrobras: shares fell nearly 4%, pressured by the sharp drop in oil prices the previous day.
Embraer: rose approximately 4% at the close, after securing a contract with Greece for three KC-390 aircraft, with an option for three more.
🏦 FOCUS ON INTEREST RATES AND FISCAL POLICY
The Focus Bulletin once again showed deteriorating expectations:
2026 IPCA: forecast raised to 5.22%.
2027 IPCA: from 4.34% to 4.76%.
Selic at the end of 2026: from 13.25% to 13.50%.
The Selic rate is currently 13.75% per year. The Copom meeting began on Tuesday, and the decision will be announced on Wednesday (04/11).
The market is also watching uncertainty over fiscal management and the economic policy direction of the next term.
📊 THE TAKEAWAY: six consecutive sessions of declines, the dollar near R$ 5,50, and elevated futures interest rates show that investors continue to demand a higher risk premium to remain in Brazilian assets.
Is the market close to finding stability, or is there still room for further adjustments?
#ibovespa #Dólar #Copom #ReschResearch
Brazilian stocks fell again on Tuesday (03/11), recording their sixth consecutive session of losses.
📉 MARKET CLOSE
Ibovespa: -1.42%, at 165,528 points.
Commercial dollar: +0.70%, at R$ 5,486.
Petrobras: shares fell nearly 4%, pressured by the sharp drop in oil prices the previous day.
Embraer: rose approximately 4% at the close, after securing a contract with Greece for three KC-390 aircraft, with an option for three more.
🏦 FOCUS ON INTEREST RATES AND FISCAL POLICY
The Focus Bulletin once again showed deteriorating expectations:
2026 IPCA: forecast raised to 5.22%.
2027 IPCA: from 4.34% to 4.76%.
Selic at the end of 2026: from 13.25% to 13.50%.
The Selic rate is currently 13.75% per year. The Copom meeting began on Tuesday, and the decision will be announced on Wednesday (04/11).
The market is also watching uncertainty over fiscal management and the economic policy direction of the next term.
📊 THE TAKEAWAY: six consecutive sessions of declines, the dollar near R$ 5,50, and elevated futures interest rates show that investors continue to demand a higher risk premium to remain in Brazilian assets.
Is the market close to finding stability, or is there still room for further adjustments?
#ibovespa #Dólar #Copom #ReschResearch
