Overview

• The Ibovespa rose 0.17% to 144,201 on Friday yet fell 0.86% for the week on persistent fiscal and election risk.
• The dollar closed at R$5.336, virtually flat on the week, while the DXY eased after the shutdown halted the payroll release.
• Reports that Jair Bolsonaro may back a Tarcísio de Freitas presidential bid with Michelle Bolsonaro as running mate briefly lifted risk sentiment intraday.
• The Chamber-approved bill expanding income-tax exemption to R$5,000 moved to the Senate, with a 2026 revenue loss estimated at R$31.3 billion and proposed offsets under scrutiny.
• In the U.S., the Dow and S&P 500 set fresh records as the Nasdaq slipped, and oil rebounded on the day but logged roughly 7% weekly losses ahead of an OPEC+ supply decision.