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Ibovespa Falls Ahead of BCB Decision
The Ibovespa fell nearly 1% to trade below 186,000 on Wednesday ahead of the BCB’s monetary policy decision. The BCB is expected to announce a 25bps cut in the Selic after market close, marking the fifth consecutive reduction and the last Copom decision before the October presidential election. In contrast, the US Fed
Ibovespa Falls on Oil Rally and Political Uncertainty
The Ibovespa fell 0.9% to close at 185,501 on Monday amid a rebound in oil prices and persistent political uncertainty. Oil prices rose after Saudi Arabia shut down a crucial pipeline that bypasses the Strait of Hormuz. A diplomatic meeting between Iran and Gulf Arab states to discuss the situation in Hormuz, originall
Ibovespa falls about 1% below 185,500 on oil and politics
The Ibovespa dropped roughly 1% to trade below 185,500 amid an oil price rebound and ongoing political uncertainty, with financials and utilities mostly lower.