Overview

• The Ibovespa rose about 0.5% to 0.66% late morning after Tuesday’s drop, with gains led by bank-related names and a rebound in New York stocks.
• MP 1.303 needs approval in both the Chamber and the Senate by 23:59 or it will lapse after a narrow 13–12 committee win, with the rapporteur Carlos Zarattini saying no further concessions are planned.
• Zarattini cited arrangements with Chamber president Hugo Motta for an afternoon vote and with Senate president Davi Alcolumbre for an evening session, though disputes over the taxation of bets persist.
• The text includes an amendment to set a uniform 18% income tax on JCP and financial investments, which analysts say could slightly lift revenue but risks market distortions.
• External cues remain in focus as traders await the Federal Reserve’s September meeting minutes, while foreign outflows and fiscal uncertainty continue to cap local risk appetite.