Ibovespa in Dollars Plunges 21% in One Day
Investors are focused on inflation, payrolls and bank-lending figures as Vale’s quarterly results could steer mining shares and broader market sentiment.
- On Wednesday, October 28, 2026, Brazil's main stock index, the Ibovespa, fell 2.68% to 171,006, reflecting lingering electoral stress and pressure on Bank and cyclical shares.
- The Ibovespa in dollars plunged about 21% on Monday, October 26, 2026, the first trading day after President Luiz Inácio Lula da Silva won the runoff, marking the largest one-day drop since the Real Plan.
- Plummeting 19.8% to US$34.15 on Monday, the iShares MSCI Brazil ETF, ticker EWZ, underscored heightened risk aversion, while the real lost more than 8% against the dollar.
- Key economic indicators, including IGP-M inflation and Bank Lending data, are under close observation, while third-quarter results for mining company Vale will set the tone for cyclical shares.
- Brazil's Copom committee meets November 3 and 4 to decide the Selic interest rate, with prediction markets pricing 68.3% probability of no change as foreign investors monitor fiscal signals.
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13 Articles
The Ibovespa retreats more than 1% this Wednesday, still under the effect of the strong stress after the re-election of President Luiz Inácio Lula da Silva (PT). The roles of banks press the index, while the actions related to the domestic economy lead the losses of the pregão. The investors re-establish their strategies and evaluate the prospects for the fourth term of the petist, while waiting for the interest decision of the Federal Reserve (…
On Wednesday (28), the main reference of the Brazilian stock market dropped 2.68% to 171.006.10 points. The focus of the investors in the local scenario was on the disclosure of the Hypera, Klabin and Santander balance sheets. The latter, including, pulled, allied to the balance sheet... Read more » The post Ibovespa B3 drops 2.68%, pulled by Vale and banks after balance, and the dollar drops to R$ 5.34 appeared first in Rádio Guaíba.
Ibovespa falls 2.68%, but retail and construction suffer more; BTG raises IPCA and lights up interest-cutting alert
The fall of 2.68% in Ibovespa in today's pregão hides a much greater destruction in some sectors and actions. Bahia houses, for example, collapsed 20% today, while Cosan lost 12%, Cyrela fell 11% and Cogna fell 10%.
The Brazilian financial market had another day of strong pressure on the shares on Wednesday (28). Ibovespa fell 2.68%, to the 171.006.10 points, on the third consecutive sign of losses, while the dollar closed in slightly low, quoted at R$ 5.34. Uncertainties about the government's fiscal policy kept the investors cautious, despite the decision of the Federal Reserve (Fed), the central bank of the United States, to keep the interest unchanged. …
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