Ibovespa Falls Ahead of Central Bank Decision

2026-04-29 13:23 By Isabela Couto 1 min. read

The Ibovespa fell more than 0.5% to trade below 187,500 on Wednesday amid persistent concerns that high energy prices will hurt domestic spending and prompt the central bank to maintain restrictive interest rates.

Energy prices rose further as no sign emerged that oil supply through the Strait of Hormuz would normalize soon.

The impact on inflation was underscored by the sharp increase in the IGM-P, which jumped the most in five years in April.

Meanwhile, the central bank is expected to cut the Selic rate by 25 basis points after the close, but recent high inflation data has kept some bets of a hold alive and increased the likelihood of hawkish guidance.

Most financials posted losses, with Bradesco down near 1% and Banco Santander edging lower after missing Q1 2026 earnings forecasts.

Vale shed over 1% after reporting results below market expectations, while WEG lost nearly 2% on a decline in profits.



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Ibovespa Falls Ahead of Central Bank Decision
The Ibovespa fell more than 0.5% to trade below 187,500 on Wednesday amid persistent concerns that high energy prices will hurt domestic spending and prompt the central bank to maintain restrictive interest rates. Energy prices rose further as no sign emerged that oil supply through the Strait of Hormuz would normalize soon. The impact on inflation was underscored by the sharp increase in the IGM-P, which jumped the most in five years in April. Meanwhile, the central bank is expected to cut the Selic rate by 25 basis points after the close, but recent high inflation data has kept some bets of a hold alive and increased the likelihood of hawkish guidance. Most financials posted losses, with Bradesco down near 1% and Banco Santander edging lower after missing Q1 2026 earnings forecasts. Vale shed over 1% after reporting results below market expectations, while WEG lost nearly 2% on a decline in profits.
2026-04-29
Ibovespa Slides Ahead of Central Bank Meeting
The Ibovespa fell 0.5% to close at 188,619 on Tuesday as investors awaited earnings reports while monitoring inflation data and rising oil prices. On the data front, mid-month inflation rose to 4.4% in April from 3.9% in March. With the Strait of Hormuz effectively closed, fears of an energy shock sparking global inflation persist. Although the central bank is expected to cut interest rates on Wednesday, investors worry that energy-driven stagflation could force a more hawkish stance later this year. Most banks traded lower, with Santander and Bradesco down 0.8%. Vale (-1.3%) and WEG (-1.9%) posted losses ahead of their earnings reports. Meanwhile, Petrobras gained 0.7% on rising oil prices.
2026-04-28
Ibovespa Falls on Inflation Fears
The Ibovespa fell nearly 1% to trade below 188,000 on Tuesday as investors awaited earnings reports while monitoring inflation data and rising oil prices. Vale and WEG, both down 1%, are scheduled to report earnings today and tomorrow respectively. On the data front, mid-month inflation rose to 4.4% in April from 3.9% in March. With the Strait of Hormuz effectively closed, fears of an energy shock sparking global inflation persist. Although the central bank is expected to cut interest rates on Wednesday, investors worry that energy-driven stagflation could force a more hawkish stance later this year. Banks traded lower, with Itaú down 0.4% and Bradesco shedding 0.8%. Utilities also declined, with Axia down 1.1% and Sabesp falling 2.5%. In the telecommunications sector, both Vivo and TIM lost nearly 3%. In contrast, Petrobras gained 1% on rising oil prices.
2026-04-28