Stock Market in Brazil
Brazil - Stock MarketThe recovery regained lost momentum in the third quarter, after growth slid in the second quarter due to disruptions from the May–June truckers’ strike. Soaring investment led the acceleration, while imports also boomed due to higher imports of oil platforms under a special customs program. Incoming data for the fourth quarter suggests that the gradual growth revival continues. In October, the three-month rolling unemployment rate dropped and the manufacturing PMI rose. Moreover, sentiment has been upbeat since Jair Bolsonaro was elected as president, due to his pro-market campaign promises and business confidence recorded the largest month-on-month gain on record in November. In recent weeks, Bolsonaro has revealed details of the new administration, with several University of Chicago alumni and military men taking key roles. Mansueto Almeida is set to remain treasury secretary and reform-oriented Paulo Guedes will be the economy minister, which should bode well for pro-market economic policy.
Brazil - Stock Market Data
|Stock Market (annual variation in %)||-15.5||-2.9||-13.3||38.9||26.9|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||9.14||-0.82 %||Jan 14|
|Exchange Rate||3.70||-0.13 %||Jan 14|
|Stock Market||94,474||-0.40 %||Jan 14|
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January 11, 2019
The Brazilian real strengthened notably at the start of 2019, bolstered by market optimism over the new government and reform prospects.
January 7, 2019
Industrial production rebounded in November, after four consecutive monthly contractions.
January 4, 2019
Consumer prices rose 0.15% in December over the previous month, contrasting November’s 0.21% drop.
January 2, 2019
Conditions in Brazil’s manufacturing sector were nearly unchanged in December, ending the year on a solid note.
December 27, 2018
Business sentiment in Brazil improved in December, with the Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) business confidence index rising to 94.8 points from 94.3 points in November.