Brazilian Markets Set Fresh Records as U.S. Funding Progress Lifts Risk and October Inflation Cools

Overview

• The U.S. Senate advanced a short-term funding bill to keep the government financed until January 30, with final approval still pending in the House before President Donald Trump can sign it.
• Brazil's Ibovespa closed at 155,257 points, its 11th consecutive record and 14th straight gain, led by blue chips and domestically exposed shares.
• The real strengthened as the dollar fell to R$5.307, its lowest close since late September, reflecting broader demand for emerging‑market assets.
• Brazilian DI futures yields declined across the curve, with the Jan‑2029 rate at 12.955% and the Jan‑2028 at 13.055%, supported by the global risk-on tone.
• IBGE reported October IPCA at 0.09% month-on-month and 4.68% year-on-year, and investors are looking to the Copom minutes for guidance on the timing of Selic rate cuts.