IBOV 172,742 ▲ 1.22% IPSA 11,025 ▲ 0.72% IPC MEX 66,107 ▼ 0.75% MERVAL 3,202,490 ▼ 0.67% COLCAP 2,292.75 ▼ 0.87% BVL PERÚ 54,904.64 ▲ 2.35% USD/BRL5.12▲ 0.04% USD/MXN17.51▼ 0.20% USD/CLP924.12▼ 0.38% USD/COP3,271▼ 2.17% USD/PEN3.40▼ 0.12% USD/ARS1,487▼ 0.03% USD/UYU40.30▲ 1.41% USD/PYG6,061▲ 1.64% USD/BOB9.85▲ 1.04% USD/DOP58.47▼ 0.14% USD/CRC450.34▲ 1.74% USD/GTQ7.62▲ 2.23% USD/HNL26.72▲ 1.48% USD/NIO36.62▲ 0.26% USD/VES707.92▲ 1.23% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.07▲ 0.80% USD/TTD6.73▲ 0.97% EUR/BRL5.84▼ 0.91% BRENT 76.43 ▲ 0.17% WTI 72.02 ▼ 0.08% IRON ORE 161.91 — — COPPER 6.27 ▲ 0.81% GOLD 4,111 ▼ 0.48% SILVER 60.09 ▼ 0.48% SOY 1,182 ▲ 0.17% CORN 453.75 ▲ 6.08% WHEAT 633.00 ▲ 3.56% COFFEE 319.30 ▼ 10.55% SUGAR 14.96 ▼ 1.06% ORANGE JUICE 146.90 ▼ 2.00% COTTON 80.08 ▲ 5.15% COCOA 5,867 ▼ 7.01% BEEF 231.60 ▼ 2.54% CATTLE 356.28 ▼ 1.60% LITHIUM 72.82 ▲ 0.97% PETR4 39.21 ▼ 1.11% VALE3 73.15 ▲ 0.62% ITUB4 42.59 ▲ 1.67% BBDC4 18.00 ▲ 1.75% ABEV3 15.72 ▲ 0.64% BBAS3 20.00 ▲ 2.41% B3SA3 14.79 ▲ 3.86% WEGE3 45.74 ▲ 0.86% PRIO3 55.61 ▼ 1.44% SUZB3 41.03 ▲ 0.49% RENT3 39.40 ▲ 1.44% AZZA3 18.46 ▲ 3.13% CSAN3 3.86 ▲ 2.93% RAIZ4 0.37 ▼ 2.63% PCAR3 2.76 ▲ 1.85% GMAT3 3.93 ▲ 5.08% PSSA3 53.35 ▲ 1.62% CVCB3 1.25 ▲ 2.46% POSI3 3.85 ▲ 1.85% SLCE3 13.79 ▲ 4.39% NATU3 8.46 ▼ 0.47% BRKM5 6.36 ▲ 3.58% RANI3 7.86 ▼ 0.25% CSNA3 4.80 ▲ 2.78% CMIN3 4.83 ▲ 3.65% USIM5 8.35 — 0.00% GGBR4 22.48 ▲ 1.54% ENEV3 26.20 ▲ 2.75% CPFE3 46.29 ▲ 1.83% CMIG4 11.08 ▲ 2.59% EQTL3 39.51 ▲ 2.23% LREN3 14.15 ▲ 3.21% VIVT3 34.50 ▲ 0.55% RAIL3 13.75 ▲ 3.77% KLABIN 17.40 ▲ 1.40% RAIA DROGASIL 18.13 ▲ 4.68% RDOR3 35.15 ▲ 3.14% HAPV3 10.07 ▲ 1.10% FLRY3 15.75 ▲ 2.21% SMTO3 16.05 ▲ 5.25% UGPA3 30.10 ▲ 2.52% VBBR3 32.10 ▲ 1.42% BBSE3 39.28 ▲ 1.37% BPAC11 55.68 ▲ 3.21% CURY3 32.70 ▲ 4.37% AERI3 2.06 ▲ 1.48% VIVARA 22.58 ▲ 1.85% COMPASS 24.68 ▲ 0.65% VAMOS 2.96 ▲ 5.34% SANB11 26.25 ▲ 2.54% ASAI3 8.46 ▼ 0.35% SBSP3 30.00 ▲ 2.56% WALMEX 49.06 ▼ 1.25% GMEXICO 195.90 ▼ 0.35% FEMSA 222.73 ▼ 1.00% CEMEX 21.66 ▲ 1.26% GFNORTE 185.51 ▼ 0.76% BIMBO 56.10 ▼ 1.34% TELEVISA 9.50 ▼ 0.42% AMX 22.70 ▼ 2.24% GAP 412.12 ▼ 0.87% ASUR 283.61 ▼ 0.38% OMA 238.51 ▲ 1.15% KOF 180.82 ▼ 1.26% GRUMA 283.26 ▲ 0.17% KIMBER 38.49 ▼ 0.75% SQM-B 69,100 ▼ 0.58% COPEC 6,020 ▼ 0.17% BSANTANDER 77.50 ▲ 0.52% FALABELLA 5,851 ▼ 0.49% ENELAM 84.16 ▼ 1.44% CENCOSUD 2,057 ▼ 1.08% CMPC 1,095 ▲ 1.47% BANCO CHILE 187.00 ▲ 0.84% LATAM AIR 26.40 ▲ 3.53% YPF 75,775 — 0.00% GGAL 7,880 — 0.00% PAMPA 5,205 — 0.00% TXAR 664.50 — 0.00% ALUAR 968.50 — 0.00% TGS 9,310 — 0.00% CEPU 2,315 — 0.00% MIRGOR 17,200 — 0.00% COME 45.42 — 0.00% LOMA NEGRA 3,498 — 0.00% BYMA 309.75 ▲ 1.14% TELECOM ARG 4,120 — 0.00% ECOPETROL 15.39 ▲ 1.72% BANCOLOMBIA 80.93 ▲ 1.15% GRUPO AVAL 5.02 ▲ 3.72% CREDICORP 391.77 ▲ 2.70% SOUTHERN COPPER 174.43 ▲ 4.32% BUENAVENTURA 29.56 ▲ 4.23% MERCADOLIBRE 1,808 ▼ 0.09% NUBANK 13.67 ▲ 2.24% XP 16.41 ▲ 6.28% PAGSEGURO 9.00 ▲ 2.62% STONE 10.96 ▲ 4.18% GLOBANT 31.29 ▲ 4.65% TECNOGLASS 43.20 ▼ 1.68% GAP AIRPORT 234.47 ▼ 0.77% ASUR 283.61 ▼ 0.38% OMA AIRPORT 108.33 ▲ 0.96% AMX ADR 25.84 ▼ 2.16% FEMSA ADR 127.07 ▼ 0.57% CEMEX ADR 12.37 ▲ 1.64% PETROBRAS ADR 17.03 ▼ 1.22% VALE ADR 14.22 ▲ 1.21% ITAU ADR 8.28 ▲ 1.47% SANTANDER BR 5.14 ▲ 1.98% AMBEV ADR 3.04 ▲ 0.66% CSN 0.95 ▲ 3.52% GERDAU 4.41 ▲ 2.56% LATAM ADR 57.04 ▲ 4.66% BTC 64,260 ▲ 1.69% ETH 1,794 ▲ 2.85% SOL 78.89 ▲ 1.08% XRP 1.11 ▲ 1.28% BNB 573.35 ▲ 0.86% ADA 0.17 ▲ 0.59% DOGE 0.07 ▲ 1.54% AVAX 6.73 ▲ 0.70% LINK 7.95 ▲ 2.88% DOT 0.88 ▲ 6.29% LTC 44.51 ▲ 1.70% BCH 249.67 ▲ 5.00% TRX 0.33 ▼ 0.57% XLM 0.19 ▲ 1.93% HBAR 0.07 ▲ 1.17% NEAR 1.92 ▲ 0.03% ATOM 1.58 ▲ 1.62% AAVE 95.66 ▲ 4.83% SELIC 14.25% EMBRAER 83.86 ▲ 2.90% EMBRAER ADR 65.54 ▲ 3.34% JBS 11.73 ▼ 0.76% JBS BDR 60.05 ▼ 1.40% MBRF3 15.41 ▲ 0.20% MBRFY 3.00 — 0.00% INTER 5.71 ▲ 2.51% EGX 52,312 ▲ 0.54% USD/ZAR16.31▼ 0.10% USD/NGN 1,375 — 0.00% 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/JPY161.83▼ 0.34% USD/CNY6.78▼ 0.26% DAX 25,115 ▼ 0.01% CAC 8,324 ▼ 0.03% FTSE 10,489 ▲ 0.16% MIB 52,706 ▲ 0.62% IBEX 19,412 ▲ 0.46% STOXX 641.71 ▲ 0.13% EUR/USD1.14▼ 0.04% GBP/USD1.34▲ 0.13% SPX 7,544 ▲ 0.81% DJI 52,487 ▲ 0.27% NDX 29,727 ▲ 1.62% RUT 2,993 ▲ 1.22% TSX 35,200 ▲ 0.76% VIX 15.80 ▼ 0.25% USD/CAD1.42▼ 0.11% US10Y 4.5450 ▲ 0.13% IBOV 172,742 ▲ 1.22% IPSA 11,025 ▲ 0.72% IPC MEX 66,107 ▼ 0.75% MERVAL 3,202,490 ▼ 0.67% COLCAP 2,292.75 ▼ 0.87% BVL PERÚ 54,904.64 ▲ 2.35% USD/BRL 5.12 ▲ 0.04% USD/MXN 17.51 ▼ 0.20% USD/CLP 924.12 ▼ 0.38% USD/COP 3,271 ▼ 2.17% USD/PEN 3.40 ▼ 0.12% USD/ARS 1,487 ▼ 0.03% USD/UYU 40.30 ▲ 1.41% USD/PYG 6,061 ▲ 1.64% USD/BOB 9.85 ▲ 1.04% USD/DOP 58.47 ▼ 0.14% USD/CRC 450.34 ▲ 1.74% USD/GTQ 7.62 ▲ 2.23% USD/HNL 26.72 ▲ 1.48% 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 ▲ 0.80% USD/TTD 6.73 ▲ 0.97% EUR/BRL 5.84 ▼ 0.91% BRENT 76.43 ▲ 0.17% WTI 72.02 ▼ 0.08% IRON ORE 161.91 — — COPPER 6.27 ▲ 0.81% GOLD 4,111 ▼ 0.48% SILVER 60.09 ▼ 0.48% SOY 1,182 ▲ 0.17% CORN 453.75 ▲ 6.08% WHEAT 633.00 ▲ 3.56% COFFEE 319.30 ▼ 10.55% SUGAR 14.96 ▼ 1.06% ORANGE JUICE 146.90 ▼ 2.00% COTTON 80.08 ▲ 5.15% COCOA 5,867 ▼ 7.01% BEEF 231.60 ▼ 2.54% CATTLE 356.28 ▼ 1.60% LITHIUM 72.82 ▲ 0.97% PETR4 39.21 ▼ 1.11% VALE3 73.15 ▲ 0.62% ITUB4 42.59 ▲ 1.67% BBDC4 18.00 ▲ 1.75% ABEV3 15.72 ▲ 0.64% BBAS3 20.00 ▲ 2.41% B3SA3 14.79 ▲ 3.86% WEGE3 45.74 ▲ 0.86% PRIO3 55.61 ▼ 1.44% SUZB3 41.03 ▲ 0.49% RENT3 39.40 ▲ 1.44% AZZA3 18.46 ▲ 3.13% CSAN3 3.86 ▲ 2.93% RAIZ4 0.37 ▼ 2.63% PCAR3 2.76 ▲ 1.85% GMAT3 3.93 ▲ 5.08% PSSA3 53.35 ▲ 1.62% CVCB3 1.25 ▲ 2.46% POSI3 3.85 ▲ 1.85% SLCE3 13.79 ▲ 4.39% NATU3 8.46 ▼ 0.47% BRKM5 6.36 ▲ 3.58% RANI3 7.86 ▼ 0.25% CSNA3 4.80 ▲ 2.78% CMIN3 4.83 ▲ 3.65% USIM5 8.35 — 0.00% GGBR4 22.48 ▲ 1.54% ENEV3 26.20 ▲ 2.75% CPFE3 46.29 ▲ 1.83% CMIG4 11.08 ▲ 2.59% EQTL3 39.51 ▲ 2.23% LREN3 14.15 ▲ 3.21% VIVT3 34.50 ▲ 0.55% RAIL3 13.75 ▲ 3.77% KLABIN 17.40 ▲ 1.40% RAIA DROGASIL 18.13 ▲ 4.68% RDOR3 35.15 ▲ 3.14% HAPV3 10.07 ▲ 1.10% FLRY3 15.75 ▲ 2.21% SMTO3 16.05 ▲ 5.25% UGPA3 30.10 ▲ 2.52% VBBR3 32.10 ▲ 1.42% BBSE3 39.28 ▲ 1.37% BPAC11 55.68 ▲ 3.21% CURY3 32.70 ▲ 4.37% AERI3 2.06 ▲ 1.48% VIVARA 22.58 ▲ 1.85% COMPASS 24.68 ▲ 0.65% VAMOS 2.96 ▲ 5.34% SANB11 26.25 ▲ 2.54% ASAI3 8.46 ▼ 0.35% SBSP3 30.00 ▲ 2.56% WALMEX 49.06 ▼ 1.25% GMEXICO 195.90 ▼ 0.35% FEMSA 222.73 ▼ 1.00% CEMEX 21.66 ▲ 1.26% GFNORTE 185.51 ▼ 0.76% BIMBO 56.10 ▼ 1.34% TELEVISA 9.50 ▼ 0.42% AMX 22.70 ▼ 2.24% GAP 412.12 ▼ 0.87% ASUR 283.61 ▼ 0.38% OMA 238.51 ▲ 1.15% KOF 180.82 ▼ 1.26% GRUMA 283.26 ▲ 0.17% KIMBER 38.49 ▼ 0.75% SQM-B 69,100 ▼ 0.58% COPEC 6,020 ▼ 0.17% BSANTANDER 77.50 ▲ 0.52% FALABELLA 5,851 ▼ 0.49% ENELAM 84.16 ▼ 1.44% CENCOSUD 2,057 ▼ 1.08% CMPC 1,095 ▲ 1.47% BANCO CHILE 187.00 ▲ 0.84% LATAM AIR 26.40 ▲ 3.53% YPF 75,775 — 0.00% GGAL 7,880 — 0.00% PAMPA 5,205 — 0.00% TXAR 664.50 — 0.00% ALUAR 968.50 — 0.00% TGS 9,310 — 0.00% CEPU 2,315 — 0.00% MIRGOR 17,200 — 0.00% COME 45.42 — 0.00% LOMA NEGRA 3,498 — 0.00% BYMA 309.75 ▲ 1.14% TELECOM ARG 4,120 — 0.00% ECOPETROL 15.39 ▲ 1.72% BANCOLOMBIA 80.93 ▲ 1.15% GRUPO AVAL 5.02 ▲ 3.72% CREDICORP 391.77 ▲ 2.70% SOUTHERN COPPER 174.43 ▲ 4.32% BUENAVENTURA 29.56 ▲ 4.23% MERCADOLIBRE 1,808 ▼ 0.09% NUBANK 13.67 ▲ 2.24% XP 16.41 ▲ 6.28% PAGSEGURO 9.00 ▲ 2.62% STONE 10.96 ▲ 4.18% GLOBANT 31.29 ▲ 4.65% TECNOGLASS 43.20 ▼ 1.68% GAP AIRPORT 234.47 ▼ 0.77% ASUR 283.61 ▼ 0.38% OMA AIRPORT 108.33 ▲ 0.96% AMX ADR 25.84 ▼ 2.16% FEMSA ADR 127.07 ▼ 0.57% CEMEX ADR 12.37 ▲ 1.64% PETROBRAS ADR 17.03 ▼ 1.22% VALE ADR 14.22 ▲ 1.21% ITAU ADR 8.28 ▲ 1.47% SANTANDER BR 5.14 ▲ 1.98% AMBEV ADR 3.04 ▲ 0.66% CSN 0.95 ▲ 3.52% GERDAU 4.41 ▲ 2.56% LATAM ADR 57.04 ▲ 4.66% BTC 64,260 ▲ 1.69% ETH 1,794 ▲ 2.85% SOL 78.89 ▲ 1.08% XRP 1.11 ▲ 1.28% BNB 573.35 ▲ 0.86% ADA 0.17 ▲ 0.59% DOGE 0.07 ▲ 1.54% AVAX 6.73 ▲ 0.70% LINK 7.95 ▲ 2.88% DOT 0.88 ▲ 6.29% LTC 44.51 ▲ 1.70% BCH 249.67 ▲ 5.00% TRX 0.33 ▼ 0.57% XLM 0.19 ▲ 1.93% HBAR 0.07 ▲ 1.17% NEAR 1.92 ▲ 0.03% ATOM 1.58 ▲ 1.62% AAVE 95.66 ▲ 4.83% SELIC 14.25% EMBRAER 83.86 ▲ 2.90% EMBRAER ADR 65.54 ▲ 3.34% JBS 11.73 ▼ 0.76% JBS BDR 60.05 ▼ 1.40% MBRF3 15.41 ▲ 0.20% MBRFY 3.00 — 0.00% INTER 5.71 ▲ 2.51% EGX 52,312 ▲ 0.54% USD/ZAR 16.31 ▲ 0.03% USD/NGN 1,375 — 0.00% 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 161.80 ▼ 0.34% USD/CNY 6.7652 ▼ 0.39% DAX 25,115 ▼ 0.01% CAC 8,324 ▼ 0.03% FTSE 10,489 ▲ 0.16% MIB 52,706 ▲ 0.62% IBEX 19,412 ▲ 0.46% STOXX 641.71 ▲ 0.13% EUR/USD 1.1432 ▼ 0.02% GBP/USD 1.3421 ▲ 0.13% SPX 7,544 ▲ 0.81% DJI 52,487 ▲ 0.27% NDX 29,727 ▲ 1.62% RUT 2,993 ▲ 1.22% TSX 35,200 ▲ 0.76% VIX 15.80 ▼ 0.25% USD/CAD 1.4143 ▼ 0.16% US10Y 4.5450 ▲ 0.13%
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Friday, July 10, 2026

Brazilian President Lula ends trip to Spain

By · April 26, 2023 · 3 min read

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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.

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)
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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.

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