Brazil’s Financial Morning Call for February 17, 2025
Brazilian financial markets are poised for a significant trading session today, highlighted by crucial domestic economic indicators and international events.
Today’s economic agenda in Brazil includes the release of the IGP-10 Inflation Index, the Focus Bulletin, and the IBC-Br Economic Activity Index, which are essential for gauging inflation trends, investor expectations, and economic activity respectively.
These indicators will be pivotal for assessing the health of the Brazilian economy, especially in the context of recent market movements and political developments.
Globally, the U.S. markets are closed for Washington’s Birthday and Family Day in Canada, reducing liquidity in North America. Nonetheless, speeches from Federal Reserve members Harker, Bowman, and Waller could provide insights into future U.S. monetary policy directions.
In Europe, the Eurogroup Meetings and Germany’s Trade Balance data are on the agenda, potentially influencing the Eurozone’s economic outlook. Meanwhile, the Reserve Bank of Australia’s (RBA) interest rate decision and accompanying statements will be critical for Asia-Pacific markets.
These events are crucial as they could sway market sentiment, impact currency valuations, and affect commodity prices, particularly in light of recent geopolitical and economic developments.
Economic Agenda for February 17, 2025
Brazil
- 08:00 AM – IGP-10 Inflation Index
- 08:25 AM – Focus Bulletin
- 09:00 AM – IBC-Br Economic Activity Index
The Americas
- All Day – Washington’s Birthday Holiday (United States)
- All Day – Family Day (Canada)
- 08:15 AM – Housing Starts (Jan) (Canada)
- 08:30 AM – Foreign Securities Purchases (Dec) (Canada)
- 09:30 AM – FOMC Member Harker Speaks (United States)
- 10:20 AM – FOMC Member Bowman Speaks (United States)
- 06:00 PM – Fed Waller Speaks (United States)
Europe
- 05:00 AM – Eurogroup Meetings
- 05:00 AM – Trade Balance (Dec)
- 06:00 AM – German Buba President Nagel Speaks
Rest of the World
- 10:30 PM – RBA Interest Rate Decision (Feb) (Australia)
- 10:30 PM – RBA Monetary Policy Statement (Australia)
- 10:30 PM – RBA Rate Statement (Australia)
Brazil’s Markets on Friday
The Ibovespa index concluded the last trading day with a notable increase of nearly 3%, reaching 128,218.59 points, its highest this year. This surge was influenced by a Datafolha poll revealing President Lula’s lowest approval rating, which paradoxically seemed to boost investor confidence in cyclical sectors.
Petrobras was one of the standout performers, gaining over 3% after JP Morgan uplifted its price target. Despite an initial positive reception, Caixa Seguridade ended the day in negative territory after releasing its Q4 results.
Currency Markets
The Brazilian Real saw some strengthening, dropping to R$5.69 against the U.S. dollar, amid a backdrop of political uncertainty and economic forecasts adjustments.
U.S. Markets on Friday
The U.S. markets showed mixed results with the S&P 500 barely moving, the Dow Jones dipping, and the Nasdaq slightly up, influenced by corporate earnings reports and economic data indicating weaker retail sales.
Commodity Markets
Gold Prices
Gold prices have dipped below $2,900 as traders took profits after reaching record highs, indicating a potential stabilization or correction in the market.
Crypto Prices
Bitcoin has maintained stability around $96,000, navigating through broader market volatility, with altcoins experiencing sell-offs according to recent posts on X.
Companies and Markets
PicPay was recognized as Brazil’s best digital bank at iBest 2024. Read more…
Reag Investimentos made a significant move by acquiring GetNinjas and aiming for leadership in Novo Mercado. Read more…
Braskem invested heavily in its supply chain with a $332 million fleet investment, aiming to secure logistics amidst economic fluctuations. Read more…
Fixed Income in Brazil has seen substantial growth, reaching a milestone of 1.2 trillion reais in investments, showcasing investor preference in these turbulent times. Read more…
Petrobras is strategizing to thrive even if oil prices dip to $65 per barrel, indicating resilience and long-term planning in its operations. Read more…
Outlook
Today’s market dynamics will largely depend on the interpretation of Brazilian economic indicators and the global economic speeches, particularly from Fed members, which could signal shifts in monetary policy.
The positive performance of major Brazilian companies and sectors, coupled with strategic investments, suggests a cautiously optimistic outlook for Brazil’s financial markets, although global events could introduce volatility.
Live Market IntelligenceBrazil Morning Call — Live Board
Rio Times · Live Market Intelligence
Brazil Morning Call — Live Board
-0.86%
206,495.23
-0.86%
70,249.54
+1.43%
10,985.55
+0.54%
3,017,221
—
2,560.37
+1.07%
59,870.67
-0.52%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 206,495.23 | -0.86% | +21.85% | 208,295.98 | 168,310 | 167,142 | — |
| USD/BRL | 5.16 | +0.01% | -5.13% | 5.16 | 5.18 | 5.14 | — |
| EUR/BRL | 5.95 | +1.01% | -5.83% | 5.89 | 5.98 | 5.94 | — |
| SELIC | 14.00% | — | — | — | — | — | |
| BRENT | 88.88 | -0.03% | +34.42% | 88.91 | 90.07 | 88.12 | 29,713 |
| WTI | 83.11 | -0.11% | +31.57% | 83.20 | 84.35 | 82.40 | 166,848 |
| IRON ORE | 161.91 | — | +58.10% | 161.91 | 161.91 | 1 | |
| GOLD | 4,461 | +1.78% | +33.20% | 4,383 | 4,503 | 4,421 | 139,824 |
| SILVER | 65.59 | +1.26% | +73.05% | 64.77 | 66.98 | 64.81 | 46,406 |
| LITHIUM | 75.20 | +1.47% | +62.95% | 74.11 | 75.80 | 75.08 | 89,275 |
| SOY | 1,184 | +3.20% | +17.05% | 1,148 | 1,199 | 1,168 | 163,179 |
| CORN | 480.50 | +10.02% | +29.34% | 436.75 | 480.75 | 459.50 | 341,248 |
| WHEAT | 655.00 | +3.93% | +29.70% | 630.25 | 657.75 | 631.50 | 128,793 |
| COFFEE | 317.25 | -5.51% | +0.67% | 335.75 | 321.20 | 313.55 | 21,747 |
| SUGAR | 16.43 | -1.79% | -3.01% | 16.73 | 17.11 | 16.22 | 171,992 |
| ORANGE JUICE | 138.55 | -0.47% | -45.38% | 139.20 | 141.05 | 137.50 | 703 |
| COTTON | 85.03 | +2.33% | +26.78% | 83.09 | 82.90 | 81.96 | 16,546 |
| BEEF | 223.60 | -3.93% | -5.18% | 232.75 | 226.40 | 223.00 | 16,126 |
| CATTLE | 339.10 | -3.16% | -1.82% | 350.17 | 345.50 | 338.60 | 10,164 |
| COCOA | 5,719 | +3.18% | -34.96% | 5,543 | 5,779 | 5,574 | 26,773 |
| PETR4 | 41.64 | -0.05% | +35.19% | 41.66 | 41.97 | 41.15 | 41,499,400 |
| VALE3 | 72.97 | +0.83% | +30.75% | 72.37 | 73.54 | 72.66 | 17,658,000 |
| SUZB3 | 41.33 | +2.35% | -23.55% | 40.38 | 41.48 | 40.35 | 3,914,900 |
| KLABIN | 17.69 | +0.80% | -2.95% | 17.55 | 17.74 | 17.48 | 2,057,400 |
| SLCE3 | 13.34 | +0.30% | -12.25% | 13.30 | 13.42 | 13.20 | 1,454,200 |
| ABEV3 | 14.89 | -0.80% | +21.91% | 15.01 | 15.07 | 14.81 | 16,453,100 |
| ITUB4 | 38.60 | -1.03% | +4.57% | 39.00 | 39.34 | 38.39 | 29,487,800 |
| BBDC4 | 16.85 | +0.36% | +3.50% | 16.79 | 16.90 | 16.67 | 19,416,900 |
| BBAS3 | 19.37 | +0.47% | +0.73% | 19.28 | 19.44 | 19.16 | 11,069,200 |
| B3SA3 | 14.26 | -0.21% | +12.73% | 14.29 | 14.47 | 14.11 | 33,037,800 |
| WEGE3 | 47.59 | +0.49% | +29.99% | 47.36 | 48.08 | 47.36 | 3,364,600 |
| PRIO3 | 59.14 | -0.19% | +50.67% | 59.25 | 59.81 | 58.74 | 3,325,600 |
| RENT3 | 34.68 | -0.09% | +0.84% | 34.71 | 34.96 | 34.35 | 7,979,100 |
| AZZA3 | 15.89 | -2.63% | -53.76% | 16.32 | 16.42 | 15.82 | 1,330,300 |
| CSNA3 | 4.30 | +0.47% | -42.65% | 4.28 | 4.41 | 4.26 | 10,076,100 |
| GGBR4 | 24.69 | +2.19% | +51.38% | 24.16 | 24.85 | 24.18 | 7,047,600 |
| ENEV3 | 24.21 | -1.38% | +70.49% | 24.55 | 24.64 | 23.99 | 9,297,000 |
| LREN3 | 11.87 | -1.33% | -28.65% | 12.03 | 12.17 | 11.83 | 9,683,300 |
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief
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