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Overview
- Vale rose 2.27% after posting third‑quarter results above expectations, including US$ 10.42 billion in revenue and US$ 4.39 billion in EBITDA, and finance chief Marcelo Bacci said extraordinary dividends are likely to be announced soon.
- Foreign investors recorded net inflows of R$ 665.8 million on Oct. 28 and R$ 756.5 million on Oct. 29, extending a five‑session streak of entries even as the group remains in a monthly deficit of roughly R$ 1.3 billion.
- Brazil’s labor market stayed resilient, with Pnad unemployment at 5.6% in the quarter to September and Caged reporting 213,002 formal jobs in September, factors that are shaping expectations for the timing of Selic cuts.
- Wall Street ended higher as Amazon jumped about 9.6% on strong quarterly results, and easing US–China trade tensions after a one‑year truce extension supported global risk sentiment.
- Fed regional officials delivered relatively hawkish remarks that tempered near‑term US rate‑cut hopes, while European equities fell after the ECB held rates and fresh inflation data pointed to a longer pause.