Ibovespa Falls Amid External Pressures

2026-09-24 20:48 By Isabela Couto 1 min. read

The Ibovespa fell 1% to close at 183,966 on Thursday, posting broad-based losses after a volatile session amid an unfavorable external environment.

US Treasury yields soared to multi-decade highs as expectations of another Fed hike this year increased, while energy-driven inflation concerns persisted.

Crude oil and global yields were volatile late in the session, with an upward trend.

The BCB’s monetary policy report said the recent oil price shock has not yet generated significant inflationary pass-through through indirect effects on the Brazilian economy, despite direct impacts on prices.

The BCB also cut its 2026 GDP growth forecast.

Meanwhile, the federal government reduced the amount blocked in the 2026 budget despite concerns over elevated government spending.

Financials closed lower, with BB down 2.8%, utilities also fell, with Axia losing 1.6%.

Vale fell 1.1% as higher freight costs pressured Brazil’s iron ore exports to Asia.

Petrobras lost 0.7% despite higher oil prices.



News Stream
Ibovespa Falls Amid External Pressures
The Ibovespa fell 1% to close at 183,966 on Thursday, posting broad-based losses after a volatile session amid an unfavorable external environment. US Treasury yields soared to multi-decade highs as expectations of another Fed hike this year increased, while energy-driven inflation concerns persisted. Crude oil and global yields were volatile late in the session, with an upward trend. The BCB’s monetary policy report said the recent oil price shock has not yet generated significant inflationary pass-through through indirect effects on the Brazilian economy, despite direct impacts on prices. The BCB also cut its 2026 GDP growth forecast. Meanwhile, the federal government reduced the amount blocked in the 2026 budget despite concerns over elevated government spending. Financials closed lower, with BB down 2.8%, utilities also fell, with Axia losing 1.6%. Vale fell 1.1% as higher freight costs pressured Brazil’s iron ore exports to Asia. Petrobras lost 0.7% despite higher oil prices.
2026-09-24
Ibovespa Near Flat Amid Macroeconomic Concerns
The Ibovespa hovered near the flatline at around 186,000 on Thursday following the release of the BCB’s monetary policy report. The BCB said the recent oil price shock has not yet generated significant inflationary pass-through through indirect effects on the Brazilian economy, despite direct impacts on prices. The central bank also cut its 2026 GDP growth forecast to 1.8% from 2.0% in June. Meanwhile, the federal government decided to reduce the 2026 budget spending block by R$1.9 billion, bringing the total amount blocked to R$16.1 billion, amid concerns over elevated government spending. Financials posted losses, with Bradesco and BB down about 0.5% each, while B3 shed nearly 1%. Utilities also fell, with Axia down 0.5%. Other notable laggards included WEG (-2%) and Embraer (-1%). In contrast, Petrobras rose more than 0.5% as oil prices climbed on Middle East tensions. Likewise, Vale added nearly 0.5% amid iron ore supply concerns in Brazil.
2026-09-24
Ibovespa Falls on Political and Inflation Concerns
The Ibovespa fell 0.9% to close at 185,814 on Wednesday following new election polls and a rebound in oil prices. An AtlasIntel poll for October’s presidential election showed President Lula regaining a numerical lead over Senator Flávio Bolsonaro in a potential second-round runoff, although the candidates remain in a statistical tie. Oil prices rose amid uncertainty over diplomatic efforts to end the US-Iran war and reopen the Strait of Hormuz. Energy-driven inflation concerns persisted. In addition, Copom’s minutes from its latest meeting, released yesterday, were more hawkish than expected. Financials weighed on the index, with Itaú down 1.9%, Bradesco and Banco do Brasil both falling 2.2%, and Itaúsa shedding 1.9%. Utilities also traded lower, with Sabesp losing nearly 2.8%. Vale fell 1.8% amid weak profitability among Chinese steelmakers. Petrobras gained 2.6% on rising oil prices.
2026-09-23