Ibovespa Edges Higher After Selic Cut

2026-09-17 20:52 By Isabela Couto 1 min. read

The Ibovespa edged 0.2% higher to close at 185,992 on Thursday after a volatile session following the BCB’s decision to cut the Selic rate by 25 bps to 13.75%.

The Copom did not signal its next steps but left the door open for another cut at the next meeting.

The message was one of continuity, with monetary policy remaining cautious, data-dependent, and focused on composure.

Still, the index fell as much as 1.2% during the session amid concerns over government spending and electoral effects after the federal government announced a 15% increase in welfare benefits.

Polls showing challenger Flávio Bolsonaro numerically ahead in second-round scenarios continued to support the index.

A halt in the oil rally and the consequent softening of global yields also helped support the market.

Major banks were mixed, with Banco do Brasil rising 0.3% and Santander advancing 2.5%, while Itaú inched lower and Bradesco fell 0.3%.

Vale rose 2.1%, helped by higher iron ore prices.



News Stream
Brazilian Stocks Close Lower Amid Election Uncertainty
The Ibovespa edged 0.2% lower to close at 205,079 on Monday, erasing earlier gains as credit-sensitive stocks ended mixed. Brazilian assets traded without a clear direction as investors remained cautious at the start of the week ahead of the presidential runoff. Polls by BTG/Nexus and AtlasIntel showed declining support for Flávio Bolsonaro and rising support for Lula, although Bolsonaro remained ahead in both surveys. The BTG/Nexus poll indicated a statistical tie, while AtlasIntel showed Bolsonaro’s lead exceeding the margin of error. Although Bolsonaro has yet to present detailed policy plans, investors view his candidacy as more likely to bring fiscal reforms, including spending cuts, which are seen as important to lowering interest rates. Financials closed mixed, with Itaú down 0.4% and Bradesco shedding 1.3%, while BB gained 1.3% and B3 rose 1.8%. Utilities were mostly lower, with Axia falling 1.3%. Petrobras also weighed on the index, dropping 2.8%.
2026-10-19
Ibovespa Rises Following Presidential Debate and New Election Polls
The Ibovespa rose nearly 1% on Monday, approaching 207,000, as investors assessed the first presidential debate between Flávio Bolsonaro and President Lula, held on Sunday night. Polls released on Monday by BTG/Nexus and AtlasIntel showed a decline in voting intentions for Flávio and an increase for Lula, although the senator remained ahead in both surveys. The BTG/Nexus poll showed a statistical tie, while AtlasIntel put Flávio’s lead beyond the margin of error. Although Bolsonaro has yet to present detailed policy plans, investors view him as more likely to pursue fiscal reforms, including spending cuts, which are seen as essential to lowering interest rates. Financial stocks mostly advanced, with Itaú, Itaúsa, and BB each gaining around 1%. Utilities also rose, with Axia up more than 1%. Other notable gainers included Rede D’Or, up 2%, and Embraer, which added 1%. Meanwhile, Petrobras fell 1% as the oil rally stalled.
2026-10-19
Ibovespa Advances on IBC-Br Rebound
The Ibovespa rose 0.5% to close at 205,430 on Friday, supported by fresh economic activity data and a slowdown in the oil rally. The BCB’s Economic Activity Index rose 0.3% month-over-month in August, in line with market expectations and rebounding from a 0.2% decline in July. Growth was supported by sectors geared toward the domestic economy, particularly those linked to household income, which benefited from slower price increases for essential goods such as food. Utilities closed mostly higher, with Axia gaining 0.6% and Sabesp adding 1%. Retailers and non-durable goods producers also advanced, with Ambev up 0.9% and Assaí rising 4.2%. Meanwhile, Petrobras climbed 4% as oil prices remained elevated amid mounting supply risks linked to escalating tensions in the Middle East and between Russia and Ukraine. On the week, the Ibovespa shed 0.5%.
2026-10-16