Ibovespa Closes Higher on Fiscal Adjusment Prospects

2026-11-11 21:59 By Isabela Couto 1 min. read

The Ibovespa rose 0.4% to close at 172,060 on Wednesday after markets received moderately positively the first signals about the fiscal package President Lula is preparing for 2027.

Planning Minister Moretti said the bill’s fiscal measures will have an impact of R$50 billion to R$60 billion in 2027, increasing in subsequent years, and will give the government more instruments to improve primary results.

Moretti also said the proposal would allow additional spending freezes if necessary and that the government will “certainly” post a primary surplus in 2027.

Major banks were mixed, Itaú rose 1.3%, while Banco do Brasil fell 1.2% ahead of its earnings.

Other financials advanced, with B3 up 2.2% and Itaúsa 1.5%.

Utilities also rose, with Axia adding 0.6%.

Petrobras fell 3.1% after its Q3 report, as net income came in below market expectations.

Vivo jumped 5.4% as it began Q4 with higher sales.

Rede D’Or gained 2.7% ahead of its release tomorrow.



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Ibovespa Closes Higher on Fiscal Adjusment Prospects
The Ibovespa rose 0.4% to close at 172,060 on Wednesday after markets received moderately positively the first signals about the fiscal package President Lula is preparing for 2027. Planning Minister Moretti said the bill’s fiscal measures will have an impact of R$50 billion to R$60 billion in 2027, increasing in subsequent years, and will give the government more instruments to improve primary results. Moretti also said the proposal would allow additional spending freezes if necessary and that the government will “certainly” post a primary surplus in 2027. Major banks were mixed, Itaú rose 1.3%, while Banco do Brasil fell 1.2% ahead of its earnings. Other financials advanced, with B3 up 2.2% and Itaúsa 1.5%. Utilities also rose, with Axia adding 0.6%. Petrobras fell 3.1% after its Q3 report, as net income came in below market expectations. Vivo jumped 5.4% as it began Q4 with higher sales. Rede D’Or gained 2.7% ahead of its release tomorrow.
2026-11-11
Ibovespa Rises on Prospects of Fiscal Adjusment
The Ibovespa rose near 1% to hover above 172,500 on Wednesday after the government’s economic team presented a preliminary fiscal adjustment proposal to Congress. Although details remain scarce, it is the first concrete sign of public-account adjustment since President Lula’s reelection. Credit-sensitive stocks gained. Major banks advanced, Itaú rose over 1%, Bradesco added more than 1.5%, and Banco do Brasil gained over 0.5% ahead of its earnings. Other financials also advanced, with B3 up over 2.5% and Itaúsa nearly 1.5%. Utilities rose as well, with Axia adding more than 1%. Meanwhile, Petrobras fell nearly 3% after its Q3 report. Net income of R$39.75 billion, up 21.5% year on year but below market expectations of R$47.02 billion. In contrast, Vivo added 4% as it began Q4 positively, with higher sales amid the launch of new Apple smartphone models. Rede D’Or gained 3% ahead of its release tomorrow.
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Ibovespa Slips on Copom Minutes
The Ibovespa fell 0.5% to close at 171,337 on Tuesday, erasing earlier gains as market focus shifted to the Copom minutes and prospects of a US rate hike. Copom’s latest minutes showed that moderation in activity may intensify, but deteriorating inflation expectations and rising consumer costs require monetary policy to remain restrictive. Meanwhile, hotter-than-expected October US inflation reinforced expectations of further Federal Reserve hikes. Credit-sensitive stocks posted losses, with major banks and utilities down. Itaú shed 1.2%, Bradesco 0.9%, and Axia 1.1%. Vale pared recent gains, falling 2% amid lower iron ore prices. On the earnings front, Embraer soared 9.3% after reporting revenue above estimates and setting a Q3 record. Itaúsa edged 0.2% lower despite a 25% annual increase in net profit. Petrobras fell 0.5% ahead of its earnings report due after market close, as oil prices extended losses.
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