Ibovespa Rises Ahead of Central Bank Decision

2026-06-17 14:03 By Isabela Couto 1 min. read

The Ibovespa rose nearly 1% to trade close to 171,000 on Wednesday as investors focused on monetary policy decisions from the BCB and the US Federal Reserve.

Markets expect Brazil’s central bank to cut the Selic rate by 0.25 percentage point to 14.25%, although a pause remains possible amid a worsening external backdrop, higher oil prices, and deteriorating inflation expectations.

The Fed is holding its first meeting under the leadership of Kevin Warsh and is expected to keep its benchmark rate unchanged.

Oil prices hovered near a three-month low amid prospects of the reopening of the Strait of Hormuz and the International Energy Agency warning of a supply overhang next year.

Financial stocks moved higher, with Itaú Unibanco, Banco Bradesco, and Itaúsa rising nearly 1%.

Utilities also advanced, with Auren Energia up more than 1%.

WEG gained over 2.5% after approving R$438.1 million in interest on equity, while Vale fell more than 1.5% on lower iron ore prices.



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Ibovespa Rises Ahead of Central Bank Decision
The Ibovespa rose nearly 1% to trade close to 171,000 on Wednesday as investors focused on monetary policy decisions from the BCB and the US Federal Reserve. Markets expect Brazil’s central bank to cut the Selic rate by 0.25 percentage point to 14.25%, although a pause remains possible amid a worsening external backdrop, higher oil prices, and deteriorating inflation expectations. The Fed is holding its first meeting under the leadership of Kevin Warsh and is expected to keep its benchmark rate unchanged. Oil prices hovered near a three-month low amid prospects of the reopening of the Strait of Hormuz and the International Energy Agency warning of a supply overhang next year. Financial stocks moved higher, with Itaú Unibanco, Banco Bradesco, and Itaúsa rising nearly 1%. Utilities also advanced, with Auren Energia up more than 1%. WEG gained over 2.5% after approving R$438.1 million in interest on equity, while Vale fell more than 1.5% on lower iron ore prices.
2026-06-17
Brazil Shares Fall Ahead of BCB Decision
The Ibovespa fell 0.4% to close at 169,648 on Tuesday as investors assessed fresh election polls and rising inflation expectations. A BTG/Nexus survey released on Monday showed President Lula holding a nine-point lead over Senator Flávio Bolsonaro in first-round voting intentions. Meanwhile, the median forecast for Brazil’s annual inflation increased for the 14th consecutive week, prompting markets to reassess how long the BCB may keep interest rates elevated. Most sectors ended lower. Financial stocks traded mixed amid concerns that higher borrowing costs could weigh on lending activity, with Bradesco falling 0.7%. Petrobras also pressured the index, declining 1.3% as optimism surrounding a preliminary US-Iran peace agreement raised the prospect of the Strait of Hormuz remaining open.
2026-06-16
Ibovespa Falls on Political and Inflation Concerns
The Ibovespa fell about 0.5% to hover near the 169,500 mark on Tuesday as investors digested fresh election polls and rising inflation expectations. According to a BTG/Nexus survey released on Monday, President Lula holds a nine-point lead over Senator Flávio Bolsonaro in first-round voting intentions. Meanwhile, the median forecast for Brazil’s annual inflation rose for the 14th consecutive week, prompting markets to reassess the duration of the BCB’s easing cycle. Most sectors traded lower. Financial stocks were pressured by concerns over higher borrowing costs, with Bradesco and Itaúsa losing around 0.5%. Petrobras weighed on the index, falling nearly 2% on optimism surrounding a preliminary US-Iran peace agreement that could reopen the Strait of Hormuz. In contrast, Sabesp gained more than 1.5% after announcing that Claudio Kawa Hermolin had assumed leadership of the newly created Customer Experience Division.
2026-06-16