Rio Times Daily Market Brief · Brazil
Friday, April 17, 2026 · Covering the session of Thursday, April 16
The Big Three
1.
The Ibovespa closed at 196,818.59...
Ibovespa snaps historic 11-session winning streak at 197,376 as Banco do Brasil downgrade cools bank rally. BBAS3 falls 3.2%, dragging financials lower.
Petrobras SEAP investment: Together, the two modules represent over R$60 billion (~$11.5 billion) in total investment and an estimated 1 billion barrels...
Brazil builders Q1 2026: — Mitre (MTRE3) went the opposite direction, surging 195.3% in launches to R$917 million (~$176 million), but unit sales fell...
Brazil diesel crisis: With Brent above $101 per barrel and the Hormuz blockade entering its second week, the gap between Brazilian pump prices and globa...
Brazil inflation forecast: Before the Hormuz crisis, analysts had projected inflation below 4% for the year. The Rio Times, the Latin American financial...
Ibovespa hit 197,324 — its 16th all-time high of 2026 — before Iran talks collapsed and Trump ordered a Hormuz blockade. Oil surged 8%. Full market report.
Ibovespa surged past 197,000 for the first time as the ceasefire rally enters its third day. Dollar hit R.02. Brazil is now one of the world's best-performing markets.