Brazil Daily Briefing

IBOV -2.50% to 167,874 — IPCA beat, Copom ata hawkish, electoral polls fuel a three-front Brazil risk selloff; BRL hits R$ 5.16

IBOV climbs on Petrobras +2.4% crude bid and CIB +2.9% — Ambev drag signals consumer caution as Selic debate continues

IBOV broad selloff: Petrobras -3.0%, Itaú -2.9%, no sector in positive territory as oil drops and Selic uncertainty bites

iShares MSCI Brazil -1.31% — Petrobras -3.0%, Itaú -2.9%, XP -2.6% in broad IBOV selloff; zero gainers across the session.

Ibovespa slides through a brutal week as PBR drops 3% and all sectors fall; Mexico diverges sharply higher

NU -2.5% and Bradesco -2.0% drag Bovespa lower as fintech valuation pressure persists; SQM lithium the lone bright spot

IBOV flat as Petrobras -1.9% absorbs Brent shock while VALE +0.7% and Nu +1.0% confirm fintech-vs-commodity divergence

IBOV -0.9% as Copom eve sells off the banks: Itaú -3.5%, Bradesco -3.6% drag the index while VALE +1.7% and Petrobras gas-price cut signal diverge

IBOV -0.6% missed Wall Street's record as VALE -3.2% iron-ore discount and PBR -1.8% oil reversal dragged the index, while Nu +0.77% and Gerdau +2.0% survived — Copom the real catalyst to watch

IBOV edges up 0.33% as Petrobras fuel-price hike signals confidence, Copom looms large

MSCI Brazil +0.33% at 36.65 — Petrobras (PBR.A +1.78%) anchored Energy +1.62% as BBDO's +6.50% surge stole the session headline, while Nu's -1.10% and XP's -0.81% confirmed the fintech-vs-incumbent rotation is running in reverse with Copom minutes approaching.

IBOV edges +0.3% as Bradesco surges 6.5% and Petrobras rides energy, while LatAm 40 -0.03% stays cautious ahead of COPOM

LatAm roars: IBOV proxy +3.0%, LatAm 40 +3.1%, Mexico +2.0% as fintech surges 4.3% and Vale announces R$2.03/share dividend despite 43% profit decline

IBOV -1.6% as Nubank -4.4% and XP -2.9% lead fintech rout — US yields at 18-year high after Fed's 5th hold puts Selic premium under pressure

IBOV +0.70% to 176,564 — IPCA-15 below consensus cements August Selic cut, DI rates fall as BRL holds at R$5.12

Ibovespa gains 0.74% to 175,334 on US-Iran ceasefire risk-on, but BRL weakens to R$5.11 as Petrobras sheds 4.1% on oil selloff

Brazil EWZ -1.2% as Petrobras Sheds 1.5% Against $100 Brent and Banks Falter Ahead of IPCA-15 and FOMC: The Selic Spread Trade Tightens

IBOV proxy -1.22% as energy stocks lead the decline; oil spike provides no lift for Petrobras while Houthis target Saudi tankers and the fiscal anchor debate resurfaces.

IBOV Falls 1.22% as Tariff Risk Overhangs 23% of Brazilian US Exports; Embraer Backlog Shines

IBOV Proxy -1.4% as Dollar Hits R$5.08, Fed Rate-Hike Risk Kills September Selic Cut, and US Slaps 12.5% Tariff on Brazilian Imports

IBOV Surges 2.8% as Vale Leads +4.2% on Global Commodity Tailwinds; Alphabet Beat and SpaceX Post-IPO Low Divide Headlines

IBOV -0.03% to 173,325 — Vale's drag neutralizes the Wall Street chip rally; NU +2.9% and PBR +1.9% kept it from being uglier; dólar recua a R$5.07

IBOV outperforms EM as Nubank +3.4% acquisition bid drives Fintech +2.7% and Petrobras +1.6% cushions Brent's Iran-driven +1% surge — BRL/USD holds at R$5.08

MSCI Brazil -0.28% as Petrobras (PBR) +2.86% and SQM +5.25% lit up Energy and Materials while Nu -1.45% and Itaú -1.20% confirmed the fintech-vs-incumbent rotation is bifurcating the IBOV; Vale interference CPI threat adds governance risk premium to an already cautious session.

IBOV proxy -0.28% as Petrobras +2.9% fights NU -1.5% and ITUB -1.2% — SQM's +5.2% lithium surge leads LatAm

IBOV edges lower -0.28% as Petrobras +2.9% rides oil advance while Nu -1.5% and Itaú -1.2% lag on fintech rotation

IBOV -1.5%, VALE -3.1%, SQM -7.3%: Trump tariff barrage hits LatAm on two fronts — commodity demand and BRL.

IBOV recua com Itaú -1.2% e tarifa dos EUA no radar — BRL a R$5,07, mas mercado já precifica corte da Selic em setembro

Ibovespa +0.51% to 176,641 as Soft US CPI Sends DI Rates Falling and BRL Firms to R$5.07

Ibovespa -1.2% to 175,739 — DI rates surge 20bps on Hormuz shock, BRL/USD hits R$5.13 as Petrobras (+3.2%) the only beneficiary of oil spike

Ibovespa flirts with 174K but closes flat — banks and XP lead while SQM -2.4% and TIMB -2.0% drag materials and telecom; Mexico diverges with +1.0%

IBOV rode a +1.4% session driven entirely by banks: Nu +5.7% and Bradesco +3.3% ripped higher as the fintech-vs-incumbent rotation showed its clearest divergence in weeks, while Petrobras -1.4% and SQM -2.1% reminded you the commodity story has a separate driver set.

IBOV +1.43% on NU +5.70% fintech surge — Brazil's clearest fintech-vs-commodity rotation of 2026 as Petrobras -1.39% and R$9T federal debt headline the risk list

IBOV +1.52% — IPCA-15 below consensus rips open Selic cut thesis; Nu +5.14%, Bradesco +3.58%, banks clean sweep

IBOV +0.87% as IPCA-15 soft print gives Selic bulls their read — VALE +1.89% and ITUB +1.90% do the heavy lifting while a Strait of Hormuz ship incident clouds Brent normalisation; Bitcoin at 21-month low is the EM rate-hangover signal hiding in plain sight

IBOV proxy -0.88% as Petrobras bleeds 3.4% — BCB credibility gap and crude weakness a toxic combo for BRL assets

IBOV hits 171K decoupling from Wall Street selloff; Copom minutes signal no short-term Selic hike and futures rates fall as Bradesco pays R$3.5bn JCP

Ibovespa +1.2% back above 170,000 as XP fintech +4%, TIM Brazil +3.3% lead — Brazil diverges sharply from Mexico's -1.4% session

IBOV hit hard as Gerdau -7.1% leads Materials -3.9% rout; Iran talks entering 'difficult phase' adds diplomatic uncertainty

IBOV down: Materials sector crashes 3.94% as GGB sinks 7.1%, Lula opens R$8B airline credit, and Farm Rio brand exploration signals strategic pivot at Azzas

IBOV -1.1%: Gerdau (GGB) -7.1% leads steel carnage on China demand concern, Itaú -2.3% follows — but Cemig and Embraer's combined R$830M capital return signals balance-sheet confidence.

IBOV proxy -1.1% despite historic Selic cut: Gerdau (GGB) -7.1% and materials collapse overshadow Copom easing

Copom cuts Selic 25bps to 14.25% — Brazil's third consecutive unanimous cut fails to lift equities as VALE -2.8% and telecom -2.4% drag iShares Brazil -0.87%

IBOV under pressure: Petrobras -1.9% on oil collapse, juros futuros rose as Lula widened his lead, and Eduardo Bolsonaro faces ineligibility until 2038.

IBOV retreated -1.3% as Petrobras cratered -5.5% on Iran deal oil shock — but Vale +1.8% and Nubank +2.0% split the market's soul

Materials surge +2.9% leads LatAm broad rally as SQM spikes 4.6% on lithium demand revival

IBOV proxy +0.86% as LatAm surges on Iran deal — SQM +4.6% leads Materials; JBS restructures US footprint

IBOV Rides 0.83% Rally on Materials Surge; Brazil's 4.72% Inflation Keeps Selic Path Hawkish

IBOV Complex Rips 3.0% as LatAm 40 Gains 4.0% — Braskem +5%, XP +4.8%, BBD +4.2% as Risk Returns to EM

IBOV -0.4% as Petrobras +1.6% and Itaú +1.2% Diverge From XP -4.5%, Nu -2.2% in Fintech Rout

LatAm financials surged across the board — BAP +9.3%, BSAC +4.7%, CIB +4.3% — as Selic expectations and commodity strength pushed the Bovespa complex into bull mode

IBOV -0.2% as Vale pressure, NU selling, and SQM lithium rout hit LatAm portfolios

IBOV extends losing streak to 8 sessions below 170k as LatAm ETF -2.6% absorbs Iran shock

IBOV under siege: Vale -3.4%, LatAm 40 -2.6% as global rate-hike panic hammers commodity EM

Ibovespa loses 170K as VALE -3.4% and payroll-driven DI rate surge extend the bear tape into week five

MSCI Brazil +0.4% to 34.78 as Nu (NU) +4.1% and Fintech +2.2% beat the index; Vale -1.8% drags on China iron ore worry while Mexico -0.9% diverges

MSCI Brazil -3.2% in broad risk-off — banks -3.6%, materials -3.4% — and Brazil's exports face up to 30% US tariff threat as SpaceX IPO prices at $135 reshapes global capital allocation.

IBOV Splits: Gerdau Soars 7.2% on Steel Recovery While Nubank Tanks 8.2% in Brutal Reversal

Ibovespa opens June -0.91% at 172,000 — diesel subsidy extension props logistics but SQM -2.9% and Itau -1.1% keep LatAm under pressure

IBOV proxy -0.55% as Vale -1.8% and Gerdau -3.2% signal China iron-ore demand anxiety; Petrobras cuts diesel prices Monday and US tariff threat looms for Brazil this week

IBOV proxy -0.53% as Materials -0.88% drag: SQM +2.19% on lithium demand, Gerdau (GGB) -3.01% leads steel losses in mixed LatAm session.

Bovespa -0.72% as Vale's iron ore slide offsets Q1 GDP beat — 1.1% growth beat consensus but Selic path is what markets are trading

Petrobras -2.3% drags Energy sector -2.2% as household debt hits record 49.9% of annual income

IBOV Proxy Down 1% as Petrobras Falls 2.3%; Materials Surge 1.8% on SQM +4.4% While Fiscal Audit Flags Treasury Guarantee Flaws

IBOV: VALE +0.12% as iron ore steadies amid muted domestic session; eyes on Copom path and BRL direction

IBOV -1.7% as Fintech Implodes (XP -6.1%, Nu -3.3%) and Petrobras Sinks on Oil's 7% Iran-Deal Crash

Bovespa bleeds 1.7% as XP crashes 6.1% and fintechs hammered; Warsh-driven US rate-hike bets pressure BRL and Brazil's Selic outlook

IBOV proxy -1.73% as XP crashes -6.14% and Nubank -3.27% lead fintech rout — WTI signals oil shock reversal ahead

IBOV -0.81% to 176,209 Logs Worst Weekly Loss Streak Since 2018 as Warsh-Selic Headwinds Compound

IBOV proxy +0.7% with Nubank +2.9% leading fintech surge — Brazil's fiscal anchor tightens as government expands spending blocks

Brazil financials surge 3.9% as EWZ climbs +2.4% to 36.75, fintech leads the tape with +5.1%

IBOV Dips 0.17% as Vale Drags While XP Posts R$1.32B Profit and Announces R$500M Dividend

IBOV -2.4% — Nu Crashes -5.7% as LatAm EM Flush Hits Fintech and Banks Hard, PBR Lone Green

No market data or news flow available for May 16, 2026 — briefing on standby

LatAm equities shed 2.5–2.7% across the board as fintech and telecom lead the sell-off, NU dropping 5.7%

Brazil ETF (EWZ) drops 3.8% as Fintech and Energy lead a broad-based LatAm selloff