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1h ago

Brazilian Markets Slide as PL Confirms Flávio Bolsonaro for 2026 Race

Investors read the choice as weakening a market‑favored opposition path to fiscal overhaul, lifting risk premiums across stocks, currency and rates.

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Dólar está registrando forte valorização frente ao real

Overview

  • Ibovespa reversed record intraday gains to close down 4.31% at 157,369, erasing an estimated R$181.8 billion in market value as the session turned risk‑off.
  • The real weakened sharply with the dollar closing at R$5.433 after touching R$5.484, its highest finish since mid‑October.
  • Interest‑rate futures jumped to around one‑month highs, with the Jan/2029 DI at 13.195% and Jan/2031 at 13.445% as fiscal risk was repriced.
  • Banks led the selloff, losing about R$62.3 billion in market value in a single session, alongside broad declines in Petrobras, Vale and other blue chips.
  • Separately, bitcoin fell toward US$91,000 as U.S. spot ETFs saw US$194 million in outflows, including US$113 million from BlackRock, with traders cautious ahead of next week’s Fed decision.