Brazil’s Financial Morning Call for January 10, 2025
As trading kicks off this Friday, January 10, 2025, Brazil’s financial markets are poised to respond to a key domestic economic indicator while also reacting to international developments, particularly from the U.S. where markets were closed for a national day of mourning.
Today’s economic agenda in Brazil includes the release of the IPCA at 09:00 AM. The IPCA is Brazil’s primary inflation measure, offering a comprehensive view of price changes affecting consumer purchasing power, which is crucial for understanding economic stability and influencing monetary policy adjustments.
From the United States, at 10:30 AM, the Payroll data will be released, potentially providing insights into U.S. employment trends which could impact global markets, including those in Brazil due to economic interdependencies.
Economic Agenda for January 10, 2025
Brazil
- 09:00 AM – IPCA: This inflation data is critical as it will reflect the current inflationary pressures, influencing expectations about central bank policies and interest rates.
United States
- 10:30 AM – Payroll: This employment data could sway investor sentiment globally, affecting currency strength and investment flows into or out of markets like Brazil.
Brazil’s Markets Yesterday
On Thursday, the Ibovespa index managed a slight gain of 0.12%, closing at 119,770.97 points, amidst relatively low market liquidity due to the U.S. market closure. The dollar experienced a significant drop of 1.10%, settling at R$ 6.05.
This movement was influenced by local currency adjustments despite initial pressures from rising U.S. dollar values abroad. Notably, Azul’s shares rose by 2.38% amid news of potential merger talks with Gol, whereas Gerdau shares fell by 1.68%.
U.S. Markets Yesterday
The U.S. markets were closed in observance of a national day of mourning for former President Jimmy Carter.
Commodity Markets
Oil Prices
Oil prices have risen due to concerns over supply disruptions from Russia and Iran, which could positively affect Brazil’s oil sector in the short term.
Gold Prices
Gold has surged for three consecutive days, driven by geopolitical uncertainties, reinforcing its role as a safe-haven investment.
Bitcoin Price
Bitcoin experienced a dip below $93,000 amidst significant outflows from Bitcoin ETFs, hitting a total of $568 million.
Corporate and Market Highlights
Brazilian Airlines Azul and Gol: Shares jumped on news of potential merger discussions, indicating market optimism about consolidation in the airline sector. Read more…
New Brazilian Exchange A5X: Gained international shareholders, showcasing growing confidence in Brazil’s financial infrastructure. Read more…
Brazil’s Appeal to Foreign Investors: Continues to wane, with reports highlighting a decrease in foreign investment interest in Brazilian markets. Read more…
OIs TV Asset Sale: The sale to Mileto has sparked market interest, particularly in the context of restructuring efforts. Read more…
U.S. Government Bitcoin Sales: Approval to sell $6.5 billion in seized Bitcoin could impact global crypto markets, including in Brazil. Read more…
Itau BBA and Gas Power Plant Sale: Indicates strategic moves in Brazil’s energy sector, potentially affecting market dynamics. Read more….
Central Bank’s Dollar Sales: Aimed at managing Brazil’s debt levels, reflecting efforts to stabilize the currency. Read more…
Outlook
As the market opens today, attention will be on the IPCA inflation figures to assess the inflationary landscape, which will be pivotal for economic forecasts and policy decisions. The U.S. Payroll data will also play a significant role in setting the tone for global market sentiment, potentially affecting Brazilian markets through currency movements and investor behavior.
Live Market IntelligenceBrazil Morning Call — Live Board
Rio Times · Live Market Intelligence
Brazil Morning Call — Live Board
-1.52%
174,041.95
-1.52%
66,383.68
+0.21%
10,950.74
+0.31%
3,283,854
-1.07%
2,274.53
-0.38%
58,287.01
—
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 174,041.95 | -1.52% | +30.07% | 176,723.62 | 176,720 | 174,042 | — |
| USD/BRL | 5.08 | -0.24% | -8.00% | 5.09 | 5.08 | 5.08 | — |
| EUR/BRL | 5.78 | +0.08% | -10.91% | 5.78 | 5.80 | 5.75 | — |
| SELIC | 14.25% | — | — | — | — | — | |
| BRENT | 96.78 | -3.88% | +41.41% | 100.69 | 101.16 | 95.14 | 29,916 |
| WTI | 89.31 | -3.12% | +37.06% | 92.19 | 92.83 | 87.68 | 336,373 |
| IRON ORE | 161.91 | — | +64.29% | 161.91 | 161.91 | 1 | |
| GOLD | 4,071 | +0.60% | +22.10% | 4,047 | 4,085 | 4,024 | 112,402 |
| SILVER | 58.91 | +1.92% | +54.34% | 57.80 | 59.29 | 57.36 | 26,053 |
| LITHIUM | 67.81 | -1.75% | +51.94% | 69.02 | 68.69 | 67.73 | 177,410 |
| SOY | 1,254 | +1.29% | +25.51% | 1,238 | 1,257 | 1,238 | 166,916 |
| CORN | 487.25 | +5.01% | +21.96% | 464.00 | 492.00 | 479.25 | 257,469 |
| WHEAT | 678.00 | -2.62% | +25.96% | 696.25 | 711.25 | 659.50 | 117,726 |
| COFFEE | 298.25 | -3.60% | +0.24% | 309.40 | 318.55 | 306.40 | 14,168 |
| SUGAR | 14.76 | +0.48% | -9.39% | 14.69 | 14.79 | 14.54 | 45,966 |
| ORANGE JUICE | 142.65 | -2.83% | -55.75% | 146.80 | 146.15 | 141.50 | 345 |
| COTTON | 79.89 | +0.06% | +19.22% | 79.84 | 80.76 | 78.28 | 9,674 |
| BEEF | 222.50 | -1.29% | -1.76% | 225.40 | 224.13 | 220.78 | 19,283 |
| CATTLE | 341.45 | -0.68% | +3.04% | 343.77 | 345.48 | 337.25 | 9,940 |
| COCOA | 5,467 | +3.13% | -34.36% | 5,301 | 5,438 | 5,227 | 17,604 |
| PETR4 | 42.21 | -1.72% | +32.15% | 42.95 | 42.91 | 42.15 | 29,108,700 |
| VALE3 | 75.24 | -0.58% | +33.10% | 75.68 | 75.53 | 74.84 | 8,619,900 |
| SUZB3 | 41.84 | -1.39% | -18.76% | 42.43 | 42.25 | 41.63 | 3,639,400 |
| KLABIN | 17.52 | -0.79% | -5.27% | 17.66 | 17.59 | 17.32 | 3,680,600 |
| SLCE3 | 13.64 | -0.94% | -14.51% | 13.77 | 13.80 | 13.63 | 1,432,500 |
| ABEV3 | 15.64 | -1.76% | +15.85% | 15.92 | 15.90 | 15.61 | 15,223,800 |
| ITUB4 | 42.10 | -1.08% | +23.68% | 42.56 | 42.45 | 42.04 | 10,431,800 |
| BBDC4 | 18.48 | -1.28% | +17.86% | 18.72 | 18.64 | 18.42 | 13,961,200 |
| BBAS3 | 20.35 | -2.77% | +1.40% | 20.93 | 20.82 | 20.35 | 14,376,600 |
| B3SA3 | 15.44 | -1.34% | +17.68% | 15.65 | 15.67 | 15.43 | 35,146,900 |
| WEGE3 | 45.99 | +0.70% | +26.94% | 45.67 | 46.19 | 44.94 | 7,718,600 |
| PRIO3 | 58.82 | -2.84% | +39.05% | 60.54 | 60.27 | 58.46 | 5,375,200 |
| RENT3 | 36.89 | -0.67% | +2.56% | 37.14 | 37.38 | 36.59 | 4,733,700 |
| AZZA3 | 16.65 | -2.35% | -54.40% | 17.05 | 17.17 | 16.65 | 1,511,900 |
| CSNA3 | 5.36 | +1.13% | -37.31% | 5.30 | 5.45 | 5.24 | 8,140,000 |
| GGBR4 | 24.26 | +0.83% | +40.39% | 24.06 | 24.45 | 23.82 | 5,543,500 |
| ENEV3 | 24.90 | -3.11% | +79.65% | 25.70 | 25.58 | 24.87 | 4,494,900 |
| LREN3 | 13.27 | -0.75% | -22.31% | 13.37 | 13.49 | 13.18 | 7,803,700 |
LatAm Markets: Live Signals → — real-time movers, turnover leaders and FX across Latin America.