Brazil Stocks Rise 1.4% While the Real Stays Weak | Morning Call, Nov 9
Copom minutes Brazil traders await on Tuesday, plus today's Focus survey, a weak real and the Selic wager that frame the B3 open. The post Brazil Stocks Rise 1.4% While the Real Stays Weak | Morning Call, Nov 9 appeared first on The Rio Times .
Brazil's currency experienced its weakest close since late December 2025 on Friday as the local real dropped to its lowest level in months. The dollar surged 10.41% over the past 20 sessions, while the Ibovespa, Brazil's main stock index, fell 19.4% from its peak on 9 October. The Focus survey, a weekly poll of Brazilian economists, and the Copom minutes, which set the Selic benchmark interest rate, were scheduled to release later in the day, potentially providing reassurance to investors.
President Lula reiterated his commitment to fiscal responsibility in his first national address after re-election, but specific measures remained undisclosed. The rise in the global dollar and expectations of higher inflation forecasted by the Focus survey added to the concerns about Brazil's economic stability. Despite a 1.39% gain for the Ibovespa on Friday, the index remains 17.52% below its 9 October high.
The session's broader outlook remained mixed, with the US dollar index up 0.74% and US Treasury yields at 4.867%. Historical data showed that when the dollar rose this much in 20 sessions, the Brazilian real often either stayed the same or depreciated further. Investors should focus on the Focus survey forecast for the Selic rate at the end of 2027 and watch how domestic factors, such as the car industry data, affect the market.
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