Ibovespa Slips Amid Weak Economic Data

2026-10-14 20:36 By Isabela Couto 1 min. read

The Ibovespa edged down 0.2% to close at 206,506 on Wednesday in a volatile session amid weak economic data and an unfavorable external backdrop.

Services activity contracted 0.1% in August, missing expectations for a 0.5% increase.

Brazil’s Industrial Business Confidence Index rose 1.3 points to 46.2 in October but remained below the 50-point threshold, marking 22 consecutive months of pessimism.

Oil prices extended their gains, stoking concerns over energy-driven inflation, while hotter-than-expected US CPI data pressured lenders amid increasing bets of a the Federal Reserve’s rate hike.

Major banks declined, with Itaú down 1.4% and Bradesco losing 2.5%.

Other financial stocks also fell, with B3 shedding 1.9% and Itaúsa losing 1.6%.

Miners extended their losses, with Vale down 0.7% as Chinese iron ore prices continued to decline.

In contrast, Petrobras rose 2.2% as oil prices resumed their climb.

Investors awaited a new presidential runoff poll after the market close.



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Ibovespa Slips Amid Weak Economic Data
The Ibovespa edged down 0.2% to close at 206,506 on Wednesday in a volatile session amid weak economic data and an unfavorable external backdrop. Services activity contracted 0.1% in August, missing expectations for a 0.5% increase. Brazil’s Industrial Business Confidence Index rose 1.3 points to 46.2 in October but remained below the 50-point threshold, marking 22 consecutive months of pessimism. Oil prices extended their gains, stoking concerns over energy-driven inflation, while hotter-than-expected US CPI data pressured lenders amid increasing bets of a the Federal Reserve’s rate hike. Major banks declined, with Itaú down 1.4% and Bradesco losing 2.5%. Other financial stocks also fell, with B3 shedding 1.9% and Itaúsa losing 1.6%. Miners extended their losses, with Vale down 0.7% as Chinese iron ore prices continued to decline. In contrast, Petrobras rose 2.2% as oil prices resumed their climb. Investors awaited a new presidential runoff poll after the market close.
2026-10-14
Ibovespa Falls as Banks Post Losses
The Ibovespa fell about 1.5% to hover near 204,000 on Wednesday amid an unfavorable external backdrop. Oil prices extended gains, fueling concerns over energy-driven inflation, while higher-than-expected US CPI inflation pressured lenders amid uncertainty over the Fed’s policy outlook. Major banks posted losses, with Itaú down more than 2%, Banco do Brasil shedding over 2.5%, and Bradesco falling nearly 4%. Other financial stocks also declined, with B3 losing more than 4% and Itaúsa shedding nearly 3%. Utilities retreated as well, with Sabesp down 2%. Miners extended their losses, with Vale falling more than 1% as Chinese iron ore prices continued to decline. In contrast, Petrobras rose around 1.5% as oil prices resumed their climb.
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Ibovespa Drops as Inflation Forecast Rises
The Ibovespa fell 1% to close at 206,887 on Tuesday, weighed down by losses in major banks, utilities and mining stocks. The Focus survey raised its 2026 inflation forecast to 5.22% from 5.01%, marking a fourth consecutive increase, while the Selic benchmark rate remained unchanged at 13.25%. The IMF also cut its 2026 GDP growth forecast for Brazil to 2.2% from 2.4%, citing a slowdown expected in 2026–2027 due to restrictive interest rates aimed at bringing inflation back to target, the withdrawal of fiscal stimulus and global uncertainty. Major banks declined, with Itaú falling 1.6% and Bradesco losing 1%. Utilities also retreated, with Axia down 1.6% and Sabesp shedding 3.1%. Mining stocks weakened as ample global supply, high Chinese inventories and lower shipping costs continued to weigh on iron ore prices. Vale fell 1.1%. In contrast, Petrobras gained 1.5% as oil prices rebounded.
2026-10-13