Brazil Stocks Fall 1.4% Before Rate Decision | Morning Call, Nov 4
The Copom Selic decision lands tonight after Brazil's stocks hit a six-month low and the real weakened; what to watch before B3 opens today. The post Brazil Stocks Fall 1.4% Before Rate Decision | Morning Call, Nov 4 appeared first on The Rio Times .
Brazil's stock market opened on a down note, dropping 1.4% before the Central Bank's rate decision. The Ibovespa has tumbled six days in a row, with a 13.84% decline over the past 20 sessions, while the real has weakened by 0.97% against the dollar over the same period. The market's woes stem from local concerns, as investors await the government's fiscal plan following the October 25 runoff election.
The Copom, the central bank committee that sets the Selic rate, will be the key player tonight, with traders closely watching its statement to gauge inflation expectations and public spending. The RT calendar consensus favors a hold at 13.75%, while Polymarket bettors predict an 0.25-point cut around 11%. The market remains cautious, with the real and long-term interest-rate futures likely to tell the story more than the headline index.
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.
