On October 27, 2023, Brazil’s main stock index, Ibovespa, declined due to President Lula hinting at a potential fiscal target challenge for 2024. This index decreased by 1.29% and ended at 113,301 points. Meanwhile, Brazil’s currency rate, the real, rose to R$ 5.01, showing a 0.46% increase. President Lula shared his doubts about a fiscal […]
Related Posts
Pulp Prices Plummet 25% in Three Months, Industry Cautiously Optimistic
The pulp industry has witnessed a significant drop in prices over the past three months. Analysts and industry insiders believe the market may have reached its lowest point. However, they remain cautious about future developments. The pulp market faces uncertainty due to additional supply entering the market. Industry sources suggest two possible scenarios: prices have […]
Brazil’s Financial Morning Call for October 28, 2024
As we begin trading on Monday, October 28, 2024, investors are closely monitoring a mix of domestic and international economic indicators that could influence the Brazilian markets today. Domestically, the release of the Central Bank of Brazil’s Focus Report will provide crucial insights into market expectations for key economic indicators such as inflation, GDP growth, […]
Brazil’s bold leap: aiming for CO2 neutrality by 2050 with a regulated carbon market
Brazil intends to set emission caps for major industrial polluters as a part of its green transition initiative. This effort aims to bring the nation to CO2 neutrality by 2050. Central to this strategy is establishing a regulated carbon market and a phased reduction in fossil fuel subsidies, accompanied by encouragement for electric public transport. […]