Brazil’s Ibovespa takes off and advances with investors eyeing the “Transition PEC”
After closing in a fall of more than 2% in the previous session, the Ibovespa (IBOV) starts the business high on Tuesday (Dec. 6), on the first day of the meeting of the Monetary Policy Committee (Copom).
The dollar, in turn, retreats with a greater appetite for risk.
Around 10:25 am (Brasília time), the main variable income index of the Brazilian stock market advanced 0.57% to 110,026 points, while the U.S. currency dropped 1.04%, trading at R$5.23.
In Brazil, the attention of investors is on the vote in the Constitution and Justice Commission (CCJ), of the Senate, on the Proposal of Constitutional Amendment (PEC) of the Transition PEC which seeks to allow spending above the ceiling for the coming years.
The PEC foresees removing Bolsa Família from the spending cap for the next two years and no longer for four years, as foreseen in the initial text of the proposal.
After being analyzed by the CCJ, the text must be voted on in the Senate plenary on Wednesday (Dec. 7) and, if approved, will be sent to the House of Representatives.
In the United States, the future indexes operate without a defined direction, with traders evaluating the prospects of a slowdown in the pace of interest rate hikes in the U.S. amid data suggesting that a more rigid policy may be needed for longer.
A resilient US economy and stable inflation are countering optimism about a reopening in China.
Economists suggest that the Federal Reserve will need to raise rates higher than expected.
The S&P 500 index remains on track for its biggest fourth-quarter gain since 1999, even though it lost some momentum in December.
The indicator is down about 2% so far this month.
Key Facts
— Deep Dive
Live Market IntelligenceBrazil — Live Market Board
Rio Times · Live Market Intelligence
Brazil — Live Market Board
+1.10%
177,599.57
+1.10%
65,048.39
-0.67%
11,335.31
-0.97%
3,052,917
+2.47%
2,476.26
+0.75%
59,928.30
+0.07%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 177,599.57 | +1.10% | +21.85% | 175,664.62 | 168,310 | 167,142 | — |
| USD/BRL | 5.16 | +0.01% | -5.13% | 5.16 | 5.18 | 5.14 | — |
| SELIC | 14.00% | — | — | — | — | — | |
| 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 |
| 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 |
| ABEV3 | 14.89 | -0.80% | +21.91% | 15.01 | 15.07 | 14.81 | 16,453,100 |
| 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 |
| SUZB3 | 41.33 | +2.35% | -23.55% | 40.38 | 41.48 | 40.35 | 3,914,900 |
| 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 |
— For the complete picture, read our in-depth guide: Latin America Stock Markets 2026: Ibovespa, Merval, COLCAP, IPSA and IPC Guide
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