IBOV 177,866 ▲ 2.97% IPSA 11,032 ▲ 0.06% IPC MEX 66,433 ▲ 0.49% MERVAL 3,280,224 ▲ 2.43% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,194.27 ▲ 1.29% USD/BRL5.11▼ 0.19% USD/MXN17.46▼ 0.47% USD/CLP922.65▼ 0.54% USD/COP3,247▼ 2.86% USD/PEN3.39▼ 0.31% USD/ARS1,487▼ 0.03% USD/UYU40.22▲ 1.20% USD/PYG6,055▲ 1.53% USD/BOB10.14▲ 4.01% USD/DOP58.48▼ 0.12% USD/CRC448.82▲ 1.40% USD/GTQ7.63▲ 2.28% USD/HNL26.72▲ 1.50% USD/NIO36.62▲ 0.26% USD/VES707.92▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.07▲ 0.80% USD/TTD6.75▲ 1.32% EUR/BRL5.83▼ 1.11% BRENT 76.03 ▼ 0.35% WTI 71.58 ▼ 0.69% IRON ORE 161.91 — — COPPER 6.29 ▲ 1.14% GOLD 4,121 ▼ 0.24% SILVER 60.19 ▼ 0.31% SOY 1,190 ▲ 0.83% CORN 460.25 ▲ 7.60% WHEAT 639.25 ▲ 4.58% COFFEE 337.75 ▼ 5.38% SUGAR 14.86 ▼ 1.72% ORANGE JUICE 143.25 ▼ 4.44% COTTON 80.87 ▲ 6.18% COCOA 5,973 ▼ 5.33% BEEF 235.00 ▼ 0.11% CATTLE 354.38 ▼ 0.50% LITHIUM 72.32 ▼ 0.69% PETR4 39.65 ▲ 1.12% VALE3 74.18 ▲ 1.41% ITUB4 44.30 ▲ 4.02% BBDC4 18.86 ▲ 4.78% ABEV3 15.82 ▲ 0.64% BBAS3 20.58 ▲ 2.90% B3SA3 15.42 ▲ 4.26% WEGE3 46.51 ▲ 1.68% PRIO3 55.45 ▼ 0.29% SUZB3 41.55 ▲ 1.27% RENT3 41.10 ▲ 4.31% AZZA3 19.10 ▲ 3.47% CSAN3 4.07 ▲ 5.44% RAIZ4 0.35 ▼ 5.41% PCAR3 2.73 ▼ 1.09% GMAT3 3.97 ▲ 1.02% PSSA3 54.97 ▲ 3.04% CVCB3 1.25 — 0.00% POSI3 3.97 ▲ 3.12% SLCE3 14.02 ▲ 1.67% NATU3 8.68 ▲ 2.60% BRKM5 6.63 ▲ 4.25% RANI3 8.01 ▲ 1.91% CSNA3 5.18 ▲ 7.92% CMIN3 5.23 ▲ 8.28% USIM5 8.45 ▲ 1.20% GGBR4 23.01 ▲ 2.36% ENEV3 27.55 ▲ 5.15% CPFE3 47.87 ▲ 3.41% CMIG4 11.38 ▲ 2.71% EQTL3 40.91 ▲ 3.54% LREN3 14.62 ▲ 3.32% VIVT3 35.75 ▲ 3.62% RAIL3 14.36 ▲ 4.44% KLABIN 17.54 ▲ 0.80% RAIA DROGASIL 18.77 ▲ 3.53% RDOR3 36.02 ▲ 2.48% HAPV3 10.60 ▲ 5.26% FLRY3 16.42 ▲ 4.25% SMTO3 16.37 ▲ 1.99% UGPA3 30.71 ▲ 2.03% VBBR3 33.00 ▲ 2.80% BBSE3 40.35 ▲ 2.72% BPAC11 58.73 ▲ 5.48% CURY3 34.21 ▲ 4.62% AERI3 2.09 ▲ 1.46% VIVARA 23.53 ▲ 4.21% COMPASS 25.50 ▲ 3.32% VAMOS 3.06 ▲ 3.38% SANB11 27.62 ▲ 5.22% ASAI3 8.87 ▲ 4.85% SBSP3 31.11 ▲ 3.70% WALMEX 49.31 ▲ 0.59% GMEXICO 198.62 ▲ 1.68% FEMSA 223.20 ▲ 0.37% CEMEX 21.82 ▲ 0.51% GFNORTE 186.51 ▲ 0.63% BIMBO 56.06 ▲ 0.23% TELEVISA 9.74 ▲ 2.63% AMX 22.70 ▲ 0.27% GAP 412.01 ▼ 0.41% ASUR 284.72 ▲ 0.39% OMA 235.73 ▼ 0.95% KOF 182.08 ▲ 0.65% GRUMA 282.99 ▲ 0.14% KIMBER 38.13 ▼ 0.81% SQM-B 68,100 ▼ 1.45% COPEC 6,099 ▲ 1.31% BSANTANDER 78.29 ▲ 1.02% FALABELLA 5,945 ▲ 1.61% ENELAM 85.44 ▲ 1.52% CENCOSUD 2,049 ▼ 0.37% CMPC 1,108 ▲ 1.25% BANCO CHILE 187.54 ▲ 0.29% LATAM AIR 26.17 ▼ 0.87% YPF 74,400 ▼ 1.81% GGAL 8,350 ▲ 5.96% PAMPA 5,185 ▼ 0.38% TXAR 671.00 ▲ 0.98% ALUAR 978.00 ▲ 0.98% TGS 9,610 ▲ 3.22% CEPU 2,405 ▲ 3.89% MIRGOR 17,375 ▲ 1.02% COME 45.90 ▲ 1.06% LOMA NEGRA 3,583 ▲ 2.43% BYMA 314.00 ▲ 1.37% TELECOM ARG 4,248 ▲ 3.09% ECOPETROL 15.59 ▲ 1.27% BANCOLOMBIA 83.06 ▲ 2.63% GRUPO AVAL 5.08 ▲ 1.20% CREDICORP 401.09 ▲ 2.34% SOUTHERN COPPER 175.85 ▲ 0.81% BUENAVENTURA 30.02 ▲ 1.59% MERCADOLIBRE 1,852 ▲ 2.46% NUBANK 13.76 ▲ 0.66% XP 16.92 ▲ 3.11% PAGSEGURO 9.26 ▲ 2.83% STONE 11.21 ▲ 2.28% GLOBANT 29.91 ▼ 4.40% TECNOGLASS 43.92 ▲ 1.81% GAP AIRPORT 235.77 ▲ 0.55% ASUR 284.72 ▲ 0.39% OMA AIRPORT 108.09 ▼ 0.22% AMX ADR 26.04 ▲ 0.77% FEMSA ADR 127.70 ▲ 0.55% CEMEX ADR 12.47 ▲ 0.77% PETROBRAS ADR 17.32 ▲ 1.70% VALE ADR 14.46 ▲ 1.69% ITAU ADR 8.62 ▲ 4.11% SANTANDER BR 5.40 ▲ 4.96% AMBEV ADR 3.06 ▲ 0.66% CSN 1.02 ▲ 6.32% GERDAU 4.50 ▲ 2.04% LATAM ADR 56.45 ▼ 1.03% BTC 63,685 ▲ 0.78% ETH 1,790 ▲ 2.61% SOL 77.74 ▼ 0.39% XRP 1.10 ▲ 0.94% BNB 574.78 ▲ 1.11% ADA 0.17 ▲ 0.11% DOGE 0.07 ▲ 1.58% AVAX 6.73 ▲ 0.70% LINK 7.90 ▲ 2.14% DOT 0.87 ▲ 5.20% LTC 44.48 ▲ 1.63% BCH 244.98 ▲ 3.03% TRX 0.33 ▼ 0.46% XLM 0.19 ▲ 1.67% HBAR 0.07 ▼ 0.16% NEAR 1.87 ▼ 2.68% ATOM 1.59 ▲ 2.40% AAVE 96.58 ▲ 5.83% SELIC 14.25% EMBRAER 84.60 ▲ 0.88% EMBRAER ADR 66.02 ▲ 0.72% JBS 11.90 ▲ 1.45% JBS BDR 60.78 ▲ 1.22% MBRF3 15.55 ▲ 0.91% MBRFY 2.97 ▼ 1.00% INTER 5.82 ▲ 1.93% EGX 52,312 ▲ 0.54% USD/ZAR16.31▼ 0.11% USD/NGN1,376▼ 0.12% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,207 ▲ 1.02% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY161.73▼ 0.40% USD/CNY6.78▼ 0.25% DAX 25,067 ▼ 0.20% CAC 8,339 ▲ 0.15% FTSE 10,497 ▲ 0.24% MIB 52,614 ▲ 0.44% IBEX 19,385 ▲ 0.32% STOXX 641.10 ▲ 0.04% EUR/USD1.14▼ 0.11% GBP/USD1.34▲ 0.01% SPX 7,575 ▲ 0.42% DJI 52,637 ▲ 0.29% NDX 29,825 ▲ 0.33% RUT 2,978 ▼ 0.49% TSX 35,305 ▲ 0.30% VIX 15.03 ▼ 5.11% USD/CAD1.42▼ 0.07% US10Y 4.5690 ▲ 0.66% IBOV 177,866 ▲ 2.97% IPSA 11,032 ▲ 0.06% IPC MEX 66,433 ▲ 0.49% MERVAL 3,280,224 ▲ 2.43% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,194.27 ▲ 1.29% USD/BRL 5.11 ▼ 0.19% USD/MXN 17.46 ▼ 0.48% USD/CLP 922.65 ▼ 0.54% USD/COP 3,247 ▼ 2.86% USD/PEN 3.39 ▼ 0.31% USD/ARS 1,487 ▼ 0.03% USD/UYU 40.22 ▲ 1.20% USD/PYG 6,055 ▲ 1.53% USD/BOB 10.14 ▲ 4.01% USD/DOP 58.48 ▼ 0.12% USD/CRC 448.82 ▲ 1.40% USD/GTQ 7.63 ▲ 2.28% USD/HNL 26.72 ▲ 1.50% USD/NIO 36.62 ▲ 0.26% USD/VES 707.92 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 158.07 ▲ 0.39% USD/TTD 6.75 ▲ 1.44% EUR/BRL 5.83 ▼ 1.10% BRENT 76.03 ▼ 0.35% WTI 71.58 ▼ 0.69% IRON ORE 161.91 — — COPPER 6.29 ▲ 1.14% GOLD 4,121 ▼ 0.24% SILVER 60.19 ▼ 0.31% SOY 1,190 ▲ 0.83% CORN 460.25 ▲ 7.60% WHEAT 639.25 ▲ 4.58% COFFEE 337.75 ▼ 5.38% SUGAR 14.86 ▼ 1.72% ORANGE JUICE 143.25 ▼ 4.44% COTTON 80.87 ▲ 6.18% COCOA 5,973 ▼ 5.33% BEEF 235.00 ▼ 0.11% CATTLE 354.38 ▼ 0.50% LITHIUM 72.32 ▼ 0.69% PETR4 39.65 ▲ 1.12% VALE3 74.18 ▲ 1.41% ITUB4 44.30 ▲ 4.02% BBDC4 18.86 ▲ 4.78% ABEV3 15.82 ▲ 0.64% BBAS3 20.58 ▲ 2.90% B3SA3 15.42 ▲ 4.26% WEGE3 46.51 ▲ 1.68% PRIO3 55.45 ▼ 0.29% SUZB3 41.55 ▲ 1.27% RENT3 41.10 ▲ 4.31% AZZA3 19.10 ▲ 3.47% CSAN3 4.07 ▲ 5.44% RAIZ4 0.35 ▼ 5.41% PCAR3 2.73 ▼ 1.09% GMAT3 3.97 ▲ 1.02% PSSA3 54.97 ▲ 3.04% CVCB3 1.25 — 0.00% POSI3 3.97 ▲ 3.12% SLCE3 14.02 ▲ 1.67% NATU3 8.68 ▲ 2.60% BRKM5 6.63 ▲ 4.25% RANI3 8.01 ▲ 1.91% CSNA3 5.18 ▲ 7.92% CMIN3 5.23 ▲ 8.28% USIM5 8.45 ▲ 1.20% GGBR4 23.01 ▲ 2.36% ENEV3 27.55 ▲ 5.15% CPFE3 47.87 ▲ 3.41% CMIG4 11.38 ▲ 2.71% EQTL3 40.91 ▲ 3.54% LREN3 14.62 ▲ 3.32% VIVT3 35.75 ▲ 3.62% RAIL3 14.36 ▲ 4.44% KLABIN 17.54 ▲ 0.80% RAIA DROGASIL 18.77 ▲ 3.53% RDOR3 36.02 ▲ 2.48% HAPV3 10.60 ▲ 5.26% FLRY3 16.42 ▲ 4.25% SMTO3 16.37 ▲ 1.99% UGPA3 30.71 ▲ 2.03% VBBR3 33.00 ▲ 2.80% BBSE3 40.35 ▲ 2.72% BPAC11 58.73 ▲ 5.48% CURY3 34.21 ▲ 4.62% AERI3 2.09 ▲ 1.46% VIVARA 23.53 ▲ 4.21% COMPASS 25.50 ▲ 3.32% VAMOS 3.06 ▲ 3.38% SANB11 27.62 ▲ 5.22% ASAI3 8.87 ▲ 4.85% SBSP3 31.11 ▲ 3.70% WALMEX 49.31 ▲ 0.59% GMEXICO 198.62 ▲ 1.68% FEMSA 223.20 ▲ 0.37% CEMEX 21.82 ▲ 0.51% GFNORTE 186.51 ▲ 0.63% BIMBO 56.06 ▲ 0.23% TELEVISA 9.74 ▲ 2.63% AMX 22.70 ▲ 0.27% GAP 412.01 ▼ 0.41% ASUR 284.72 ▲ 0.39% OMA 235.73 ▼ 0.95% KOF 182.08 ▲ 0.65% GRUMA 282.99 ▲ 0.14% KIMBER 38.13 ▼ 0.81% SQM-B 68,100 ▼ 1.45% COPEC 6,099 ▲ 1.31% BSANTANDER 78.29 ▲ 1.02% FALABELLA 5,945 ▲ 1.61% ENELAM 85.44 ▲ 1.52% CENCOSUD 2,049 ▼ 0.37% CMPC 1,108 ▲ 1.25% BANCO CHILE 187.54 ▲ 0.29% LATAM AIR 26.17 ▼ 0.87% YPF 74,400 ▼ 1.81% GGAL 8,350 ▲ 5.96% PAMPA 5,185 ▼ 0.38% TXAR 671.00 ▲ 0.98% ALUAR 978.00 ▲ 0.98% TGS 9,610 ▲ 3.22% CEPU 2,405 ▲ 3.89% MIRGOR 17,375 ▲ 1.02% COME 45.90 ▲ 1.06% LOMA NEGRA 3,583 ▲ 2.43% BYMA 314.00 ▲ 1.37% TELECOM ARG 4,248 ▲ 3.09% ECOPETROL 15.59 ▲ 1.27% BANCOLOMBIA 83.06 ▲ 2.63% GRUPO AVAL 5.08 ▲ 1.20% CREDICORP 401.09 ▲ 2.34% SOUTHERN COPPER 175.85 ▲ 0.81% BUENAVENTURA 30.02 ▲ 1.59% MERCADOLIBRE 1,852 ▲ 2.46% NUBANK 13.76 ▲ 0.66% XP 16.92 ▲ 3.11% PAGSEGURO 9.26 ▲ 2.83% STONE 11.21 ▲ 2.28% GLOBANT 29.91 ▼ 4.40% TECNOGLASS 43.92 ▲ 1.81% GAP AIRPORT 235.77 ▲ 0.55% ASUR 284.72 ▲ 0.39% OMA AIRPORT 108.09 ▼ 0.22% AMX ADR 26.04 ▲ 0.77% FEMSA ADR 127.70 ▲ 0.55% CEMEX ADR 12.47 ▲ 0.77% PETROBRAS ADR 17.32 ▲ 1.70% VALE ADR 14.46 ▲ 1.69% ITAU ADR 8.62 ▲ 4.11% SANTANDER BR 5.40 ▲ 4.96% AMBEV ADR 3.06 ▲ 0.66% CSN 1.02 ▲ 6.32% GERDAU 4.50 ▲ 2.04% LATAM ADR 56.45 ▼ 1.03% BTC 63,685 ▲ 0.78% ETH 1,790 ▲ 2.61% SOL 77.74 ▼ 0.39% XRP 1.10 ▲ 0.94% BNB 574.78 ▲ 1.11% ADA 0.17 ▲ 0.11% DOGE 0.07 ▲ 1.58% AVAX 6.73 ▲ 0.70% LINK 7.90 ▲ 2.14% DOT 0.87 ▲ 5.20% LTC 44.48 ▲ 1.63% BCH 244.98 ▲ 3.03% TRX 0.33 ▼ 0.46% XLM 0.19 ▲ 1.67% HBAR 0.07 ▼ 0.16% NEAR 1.87 ▼ 2.68% ATOM 1.59 ▲ 2.40% AAVE 96.58 ▲ 5.83% SELIC 14.25% EMBRAER 84.60 ▲ 0.88% EMBRAER ADR 66.02 ▲ 0.72% JBS 11.90 ▲ 1.45% JBS BDR 60.78 ▲ 1.22% MBRF3 15.55 ▲ 0.91% MBRFY 2.97 ▼ 1.00% INTER 5.82 ▲ 1.93% EGX 52,312 ▲ 0.54% USD/ZAR 16.31 ▲ 0.02% USD/NGN 1,376 ▲ 0.08% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,207 ▲ 1.02% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY 161.72 ▼ 0.39% USD/CNY 6.7761 ▼ 0.23% DAX 25,067 ▼ 0.20% CAC 8,339 ▲ 0.15% FTSE 10,497 ▲ 0.24% MIB 52,614 ▲ 0.44% IBEX 19,385 ▲ 0.32% STOXX 641.10 ▲ 0.04% EUR/USD 1.1417 ▼ 0.15% GBP/USD 1.3399 ▼ 0.04% SPX 7,575 ▲ 0.42% DJI 52,637 ▲ 0.29% NDX 29,825 ▲ 0.33% RUT 2,978 ▼ 0.49% TSX 35,305 ▲ 0.30% VIX 15.03 ▼ 5.11% USD/CAD 1.4158 ▼ 0.06% US10Y 4.5690 ▲ 0.66%
since 2009
Friday, July 10, 2026

Brazilian President Lula ends trip to Spain

By · April 26, 2023 · 3 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

Brazilian President Luiz Inácio Lula da Silva ended his trip to Spain on Wednesday (Apr. 26) with a meeting with Spanish President Pedro Sánchez at the Moncloa Palace.

Shortly before his departure, the head of state of the largest economy in Latin America stressed that the concern of some countries about China’s economic growth contradicts the principles advocated by the Washington Consensus in the 1980s.

One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →

The consensus is a set of neoliberal recommendations aimed at economic development.

Brazilian President Luiz Inácio Lula da Silva and Spanish President Pedro Sánchez at the Moncloa Palace (Photo internet reproduction)
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

Regarding the war between Russia and Ukraine, the Brazilian president defended the creation of a “G20 of peace.”

The statement came during a meeting with Spanish President Pedro Sánchez and after signing three memoranda of understanding of higher education cooperation between the two countries’ labor ministries and a memorandum of understanding in science, technology, and innovation.

“When I see that some countries are concerned about China’s growth, I wonder if we remember the discourse in the 1980s after the famous Washington Consensus when the idea emerged that the world would no longer have a problem if it were globalized.”

“Even the younger ministers remember a speech made 43 years ago that said globalization was the way out for humanity,” the Brazilian president said.

Lula added that because of the Washington Consensus, “all the American megacorporations invested, not to develop China, but to take advantage of China’s cheap labor at the time.”

“The Chinese knew how to take advantage of the investment.”

“But when Trump ran [for the US presidency], he started saying it was necessary to remove China-based companies.”

“It was too late because China is already the second largest economy in the world, and it may be the first next year,” Lula pointed out.

The Brazilian president said that Chinese growth differs from other countries because it has been achieved without war.

“This is proof that only with peace can you use the money produced by the people to create jobs and social wealth.”

“I worry about the war between Russia and Ukraine.”

“No one can doubt that we Brazilians condemn the territorial violation that Russia has committed against Ukraine.”

“The mistake has happened, and the war has started.”

“Now, it is useless to say who is right and wrong. What we need now is to end the war.”

Lula says a “reckoning” cannot be discussed until the shooting stops.

“That’s what happens in this and all the other wars.”

“But we live in a very strange world where all the permanent members of the UN Security Council are the biggest arms producers and sellers.”

“And they are the world’s biggest belligerents.”

“So I wonder if it is not up to us, the other countries that are not permanent [members] of the UN Security Council, to change something.”

“Why are Brazil, Spain, Japan, Germany, India, Nigeria, Egypt, and South Africa not [permanent members]? ”

“Who decides today are the winners of World War 2, but the world has changed.”

“We must build a new international mechanism to do things differently.”

“I think it is time to change things and create a so-called G20 of peace, which should be the UN,” he added.

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.