{
  "id": 16606662,
  "title": "BTG forecasts 30% drop in Ibovespa in dollars and real interest rate at 8%",
  "url": "https://urgent.news/2026/10/26/btg-projeta-queda-de-30-do-ibovespa-em-dolar-e-juro-real-em-8",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-26T13:37:00.000Z",
  "source": {
    "name": "Brazil Journal",
    "slug": "brazil-journal",
    "url": "https://braziljournal.com/btg-projeta-queda-de-30-do-ibovespa-em-dolar-e-juro-real-em-8"
  },
  "original_language": "pt",
  "account": "Brazilian bank BTG Pactual forecasts a sell-off of Brazilian assets in the coming weeks. The bank predicts a 17% drop in the Ibovespa to around 170,000 points and a 30% decline in the stock market in dollars, due to currency devaluation. BTG recommends investing in export-oriented companies with low leverage, such as Gerdau, Suzano, and Vale, and those with solid balance sheets like Caixa Seguridade and Porto Seguro. The bank also highlights Petrobras and Itaú as well-positioned companies.",
  "summary": "BTG Pactual expects a selloff of Brazilian assets in the coming weeks. The bank projects a 17% drop in the Ibovespa to around 170,000 points - the level it was at at the end of August and below the 192,000 points before the first round. For foreign investors, the damage is expected to be greater: combined with currency depreciation, the stock market drop in dollars could reach 30%, according to…",
  "key_points": [
    "BTG Pactual predicts 17% drop in Ibovespa to 170,000 points",
    "Brazilian real could depreciate 10%-15% against dollar",
    "Long-term interest rates may exceed 8% if fiscal policy fails"
  ],
  "editors_take": "Worsening interest rate expectations and fiscal uncertainty shift the advantage toward export-oriented companies and those with solid balance sheets as domestic-linked sectors face significant downward pressure.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}