Ibovespa Falls as Political Concerns Weigh on Sentiment

2026-05-15 14:04 By Isabela Couto 1 min. read

The Ibovespa lost 1.5% to trade below 176,000 on Friday as investors monitored political fallout from reports linking Senator Flávio Bolsonaro to former Banco Master owner Daniel Vorcaro.

Allies of the presidential hopeful sought to downplay the senator’s ties to Vorcaro, who is jailed on multiple criminal charges, after the revelations threatened Bolsonaro’s chances in October’s election.

Abroad, uncertainty surrounding a Middle East peace deal and the reopening of the Strait of Hormuz remained in focus.

Oil prices rose amid the lack of progress toward ending ship attacks and seizures in the region, reinforcing stagflation concerns.

Major banks posted losses, with Itaú and Bradesco both down more than 1%, while utilities also traded lower, led by Sabesp (-2.5%) and Azzas (-2%).

Eneva lost nearly 3% despite strong first-quarter results.

Vale fell 2.6% and WEG dropped 1.6%, while Petrobras gained nearly 1% on higher oil prices.



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Ibovespa Falls as Political Concerns Weigh on Sentiment
The Ibovespa lost 1.5% to trade below 176,000 on Friday as investors monitored political fallout from reports linking Senator Flávio Bolsonaro to former Banco Master owner Daniel Vorcaro. Allies of the presidential hopeful sought to downplay the senator’s ties to Vorcaro, who is jailed on multiple criminal charges, after the revelations threatened Bolsonaro’s chances in October’s election. Abroad, uncertainty surrounding a Middle East peace deal and the reopening of the Strait of Hormuz remained in focus. Oil prices rose amid the lack of progress toward ending ship attacks and seizures in the region, reinforcing stagflation concerns. Major banks posted losses, with Itaú and Bradesco both down more than 1%, while utilities also traded lower, led by Sabesp (-2.5%) and Azzas (-2%). Eneva lost nearly 3% despite strong first-quarter results. Vale fell 2.6% and WEG dropped 1.6%, while Petrobras gained nearly 1% on higher oil prices.
2026-05-15
Ibovespa Gains as Investors Digest Corporate Earnings
The Ibovespa rose 0.7% to close at 178,366 on Thursday in a session driven by corporate earnings. CSN climbed 4.7% after reporting first-quarter adjusted EBITDA of R$2.6 billion, up 5.5% from a year earlier and broadly in line with expectations. Eneva gained 0.6% after posting net income of R$522.7 million, a 36% annual increase. Cosan rose 1.1% and Marfrig added 3.8% ahead of their earnings releases. Meanwhile, Banco do Brasil erased early losses to close flat after cutting its 2026 profit guidance to between R$18 billion and R$22 billion following a more than 50% drop in first-quarter adjusted net income. Braskem fell 0.5% despite reporting net profit of R$1.45 billion, more than double the level seen a year earlier. Investors also continued to assess revelations involving Flávio Bolsonaro and former Banco Master owner Daniel Vorcaro, who was charged with fraud.
2026-05-14
Ibovespa Rebounds as Investors Track Corporate Earnings
The Ibovespa gained nearly 0.5% to trade near 178,000 on Thursday, recovering from losses in the previous session as investors focused on corporate earnings. CSN (+1.4%) reported better-than-expected first-quarter 2026 results, with adjusted EBITDA reaching R$2.646 billion. Eneva (+1.7%) posted net income of R$522.7 million in the quarter, up 36% from a year earlier. In contrast, Banco do Brasil (-0.6%) reported adjusted net income of R$3.4 billion, down 53.5% from the same period in 2025. Cosan (+1.3%), and Marfrig (+1.5%) are set to release earnings later today. Meanwhile, the financial sector rebounded after losses in the previous session triggered by a report alleging ties between Senator Flávio Bolsonaro, a contender in October’s presidential election, and Daniel Vorcaro, owner of failed lender Banco Master and charged guilty of fraud. Itaú and Bradesco both gained more than 1%.
2026-05-14