Brazil Stocks Fall a Fourth Straight Day
Brazil's stock index fell 1.16% to 169,029 on 29 October, a fourth straight loss, and the real weakened to 5.39 per dollar. The post Brazil Stocks Fall a Fourth Straight Day appeared first on The Rio Times .
Brazil's stock market suffered its fourth consecutive decline, with the Ibovespa index falling 1.16% to 169,029 points on Thursday, October 29, 2026. This marked the lowest close since August 20, 2026, when the index finished at 167,927. The index has dropped 17.6% below its level on October 23, 2026, following President Luiz Inácio Lula da Silva's re-election on October 25, 2026.
The Brazilian real weakened to approximately 5.39 per dollar on Thursday, impacting investors holding Brazilian assets denominated in US dollars. Major companies such as Bradesco, Vale, and Banco do Brasil declined 3.54%, 2.17%, and 1.97%, respectively. Traders attributed the market's downturn to concerns about the government's fiscal outlook.
The central bank's upcoming meeting on November 3 and 4, 2026, will be a crucial test for the market.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
