The Ibovespa index took a significant hit, closing 1% lower at 128,188.34 points after the Central Bank of Brazil (Copom) trimmed the Selic rate to 10.50% per annum. The reduction by 0.25 percentage points, down from 10.75%, surprised markets and signaled a cautious approach to monetary easing. This slight rate cut amplified investor concerns, leaving […]
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Brazil’s Economic Ascent: Next Stop Investment Grade?
JPMorgan forecasts a robust economy for Brazil, noting a surging stock market and its top 10 global ranking. The Ibovespa index’s rise nears the bank’s 142,000-point prediction for next year, fueled by low interest rates and political changes. The bank writes that Brazil’s recent upgrade by S&P sparks investment grade IG discussions despite debt and […]
Brazil’s Consumer Price Index Drops to 0.51% in October, Signaling Inflation Slowdown
Brazil’s Weekly Consumer Price Index (IPC-S) showed a decrease in the second quadriweek of October 2024. The Getulio Vargas Foundation (FGV) reported that the index rose by 0.51%, down from 0.64% in the first week. This change suggests a possible easing of inflationary pressures in the Brazilian economy. The 12-month accumulated inflation rate now stands […]
Crisis Over Canal Sparks Dominican-Haiti Border Sealing
President Luis Abinader stated the Dominican Republic will seal its borders with Haiti starting September 15. All military branches are prepared for this action. Talks with Haiti are still ongoing, despite its governance issues. At a military event, Abinader restricted entry for nine individuals. They meddled with the Massacre River, which divides the two countries. […]