Brazil’s Financial Morning Call for March 24, 2025
Brazilian markets face a crucial session today, driven by domestic fiscal data and global economic cues impacting currency, investor sentiment, and performance.
Brazil’s BCB Focus Market Readout at 07:25 AM (BRT) will set the tone by providing updated economic forecasts from market participants, offering insights into expectations for inflation, growth, and monetary policy.
At 09:30 AM (BRT), Federal Tax Revenue (Jan) will reveal fiscal health following a previous reading of 261.30B, critical for assessing Brazil’s capacity to manage its budget amid ongoing economic challenges.
Globally, in the United States, the Manufacturing PMI (Mar) at 09:45 AM (ET) will signal industrial activity trends (consensus 51.9, previous 52.7), influencing commodity demand and risk appetite.
At 01:45 PM (ET), FOMC Member Bostic’s speech could hint at U.S. monetary policy shifts, while Fed Vice Chair for Supervision Barr’s remarks at 03:10 PM (ET) may address regulatory or financial stability concerns, both affecting global investor sentiment.
In India, the Nikkei S&P Global Manufacturing PMI (Mar) and Nikkei Services PMI (Mar) at 01:00 AM (ET) (previous 56.3 and 59.0, respectively) will provide early signals of emerging market performance, relevant for Brazil’s export outlook.
These events shape Brazil’s currency stability and export prospects amid persistent inflationary pressures and global uncertainties.
Economic Agenda for March 24, 2025
Brazil
07:25 AM – BCB Focus Market Readout: Actual TBD, consensus TBD, previous TBD. This report aggregates market expectations for key economic indicators, guiding monetary policy and investor strategies.
09:30 AM – Federal Tax Revenue (Jan): Actual TBD, consensus TBD, previous 261.30B. This data provides insights into Brazil’s fiscal performance and tax collection capacity.
India
01:00 AM – Nikkei S&P Global Manufacturing PMI (Mar): Actual TBD, consensus TBD, previous 56.3. This measures manufacturing activity in India, a key emerging market.
01:00 AM – Nikkei Services PMI (Mar): Actual TBD, consensus TBD, previous 59.0. This tracks service sector health, influencing global economic sentiment.
United States
09:45 AM – Manufacturing PMI (Mar): Actual TBD, consensus 51.9, previous 52.7. This indicator reflects U.S. industrial activity and future commodity demand.
01:45 PM – FOMC Member Bostic Speaks: Remarks from Atlanta Fed President Raphael Bostic may signal U.S. monetary policy direction.
03:10 PM – Fed Vice Chair for Supervision Barr Speaks: Comments from Michael Barr could address financial regulation or stability, impacting global markets.
Brazil’s Markets on Friday
The Ibovespa closed higher on Friday, gaining 0.30% to reach 132,352 points, extending its impressive performance after a brief pause on Thursday. This marks the third consecutive week of gains for Brazil’s main stock index.
The USD/BRL exchange rate stabilized around R$5.67 today, following the dollar’s 0.49% appreciation against the real on Thursday, which had ended a seven-day streak of real strengthening.
U.S. Markets on Friday
U.S. stocks shook off a weak start and ended slightly higher on Friday, enough to break a four-week losing streak. The S&P 500 edged up 0.1% to 5,667.56 after being down for most of the day.
The Dow Jones Industrial Average climbed 0.1% to 41,985.35, and the Nasdaq composite rose 0.5% to 17,784.05. The Russell 2000 index of smaller companies fell 0.6% to 2,056.98. Stocks have been losing ground for weeks over uncertainty about the direction of the U.S. economy.
A trade war between the U.S. and its key trading partners threatens to worsen inflation and hurt both consumers and businesses. Nike fell sharply as tariff and other concerns weighed on its financial forecasts.
Commodities
Oil Prices
Oil prices remain influenced by OPEC’s unwinding plans and Middle East tensions. WTI crude trends higher, bolstering Brazil’s Petrobras and enhancing prospects for the oil-exporting nation.
Gold Prices
Gold holds steady above $3,000 per ounce, supported by safe-haven demand and ETF inflows. This resilience benefits Brazil’s mining sector amid global uncertainties.
Copper Prices
Copper edges higher, fueled by a supply redirection crisis, sustaining its five-month highs. This supports Brazil’s commodity export outlook.
Cryptocurrencies
Crypto markets surge, with Bitcoin topping $86K as part of a broader rebound. This positive momentum strengthens sentiment in Brazil’s fintech space.
Companies and Market
TCS: Tough 2024 losses shrink, though revenue slides, as the company pivots strategically.
Eneva: Q4 2024 revenue soars, but losses deepen despite debt reduction.
Priners: Record Q4 2024 results signal bold growth plans for 2025.
Automob Desktop and Eucatex: Mixed fortunes in Q4 2024 reflect diverse sector outcomes.
Hypera Pharma: Sacrifices short-term profit for long-term cash flow strength.
Petz: Swings to a R$43.1 million loss in Q4 due to acquisition costs.
Movida: Reverses losses with a R$72.7 million Q4 profit, setting a positive 2025 trajectory.
Anima Education: Reverses losses with an R$8.9 million Q4 profit under new leadership.
Brava Energia: Reports a R$1 billion loss despite soaring production.
Melnick: Posts a R$34 million Q4 profit, expanding beyond southern Brazil.
Cyrela: Doubles Q4 profit to R$497 million, outperforming market expectations.
Live Market IntelligenceBrazil Morning Call — Live Board
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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
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| 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 |
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