Brazil Stocks Slip as Petrobras Falls 2.8%
Brazil's Ibovespa slipped 0.17% on Monday as Petrobras fell 2.8% with oil and Azzas 2154 gained 13.25%, six days before the presidential runoff. The post Brazil Stocks Slip as Petrobras Falls 2.8% appeared first on The Rio Times .
On Monday, 19 October 2026, Brazil's main stock index, the Ibovespa, closed lower by 0.17% at 205,079.25 points, following a session range of 204,268.99 to 207,387.56. Petrobras preferred shares declined by 2.82%, whereas Azzas 2154 soared 13.25%, reaching R$26.50 (approximately US$5.25), and MRV increased by 10.94% to R$8.01 (roughly US$1.59).
Brazil's commercial dollar ended the day at R$5.048, marking a 0.49% decrease, implying that each US dollar purchased around 0.5% fewer reais compared to the previous Friday. Economists in the central bank's weekly Focus survey are still anticipating an inflation rate of 5.22% in 2026 and a Selic rate of 13.25% at the end of the year.
Polymarket prices the probability of Flávio Bolsonaro winning the runoff on 25 October at 76.8%, while Lula's chances stand at 23.5%, with US$188 million traded between the two outcomes. As of 6:12 p.m. ET on the same day, investors were uncertain if Tuesday's trading session would continue Monday's decline in Petrobras shares.
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