IBOV 171,497 ▲ 1.71% IPSA 10,741 ▲ 2.75% IPC MEX 66,977 ▲ 3.33% MERVAL 3,353,008 ▲ 6.34% COLCAP 2,350.77 ▲ 3.90% BVL PERÚ 34,937.73 ▲ 0.29% USD/BRL 5.12 ▲ 0.42% USD/MXN 17.20 ▼ 0.28% USD/CLP 904.40 ▲ 0.23% USD/COP 3,490 ▼ 1.93% USD/PEN 3.40 ▼ 0.04% USD/ARS 1,432 ▼ 0.03% USD/UYU 40.67 ▲ 1.66% USD/PYG 6,120 ▲ 1.26% USD/BOB 6.86 ▲ 1.78% USD/DOP 58.53 ▲ 1.48% USD/CRC 451.82 ▲ 1.15% USD/GTQ 7.62 ▲ 2.18% USD/HNL 26.65 ▲ 1.30% USD/NIO 36.62 ▲ 0.67% USD/VES 581.23 ▲ 0.76% USD/PAB 1.00 ▲ 2.17% USD/BZD 2.00 ▲ 1.60% USD/JMD 157.59 ▲ 0.75% USD/TTD 6.72 ▲ 0.91% EUR/BRL 5.92 ▼ 1.02% BRENT 87.43 ▼ 3.26% WTI 84.80 ▼ 3.32% IRON ORE 161.91 — — COPPER 6.39 ▲ 2.16% GOLD 4,237 ▲ 3.59% SILVER 67.19 ▲ 5.17% SOY 1,114 ▼ 0.09% CORN 410.25 ▼ 0.36% WHEAT 583.25 ▼ 0.60% COFFEE 250.00 ▼ 1.56% SUGAR 13.74 ▼ 0.36% ORANGE JUICE 166.00 ▼ 0.48% COTTON 76.41 ▲ 5.41% COCOA 3,801 ▲ 2.45% BEEF 242.63 ▼ 2.99% CATTLE 359.53 ▲ 1.45% LITHIUM 80.74 ▲ 5.49% PETR4 41.76 ▲ 0.26% VALE3 78.80 ▲ 1.42% ITUB4 40.50 ▲ 2.90% BBDC4 17.68 ▲ 2.43% ABEV3 16.64 ▲ 2.21% BBAS3 19.41 ▲ 2.16% B3SA3 15.44 ▲ 2.12% WEGE3 42.35 ▼ 0.09% PRIO3 62.05 ▼ 1.32% SUZB3 41.29 ▼ 0.39% RENT3 40.80 ▲ 4.29% AZZA3 17.51 ▲ 3.92% CSAN3 3.37 — 0.00% RAIZ4 0.43 ▼ 4.44% PCAR3 1.46 ▼ 5.19% GMAT3 4.12 ▲ 5.37% PSSA3 49.51 ▲ 2.12% CVCB3 1.32 ▼ 7.04% POSI3 3.53 ▲ 4.75% SLCE3 14.68 ▼ 1.41% NATU3 8.51 ▼ 1.96% BRKM5 9.75 ▲ 5.06% RANI3 7.95 ▲ 1.15% CSNA3 6.01 ▼ 0.50% CMIN3 4.34 ▲ 0.46% USIM5 10.85 ▼ 1.00% GGBR4 23.82 ▲ 1.66% ENEV3 24.40 ▲ 2.22% NEOE3 33.80 — 0.00% CPFE3 44.37 ▲ 2.52% CMIG4 10.81 ▲ 0.75% EQTL3 38.89 ▲ 1.25% LREN3 15.39 ▲ 3.85% VIVT3 33.86 ▲ 1.80% RAIL3 13.49 ▲ 1.43% KLABIN 16.78 ▼ 0.47% RAIA DROGASIL 17.62 ▼ 0.79% RDOR3 34.04 ▲ 4.74% HAPV3 11.59 ▲ 1.58% FLRY3 15.16 ▲ 2.29% SMTO3 16.17 ▼ 4.32% UGPA3 24.98 ▼ 0.04% VBBR3 29.53 ▲ 0.72% BBSE3 37.80 ▲ 3.19% BPAC11 50.48 ▲ 2.60% CURY3 31.88 ▲ 5.21% AERI3 2.34 ▲ 1.30% VIVARA 21.21 ▲ 2.32% COMPASS 25.26 ▲ 1.49% VAMOS 2.94 ▲ 6.52% SANB11 27.17 ▲ 0.63% ASAI3 8.24 ▲ 0.49% SBSP3 27.85 ▲ 1.20% WALMEX 51.71 ▲ 2.99% GMEXICO 206.47 ▲ 4.06% FEMSA 221.48 ▲ 3.14% CEMEX 21.87 ▲ 6.01% GFNORTE 182.46 ▲ 4.19% BIMBO 58.33 ▲ 2.93% TELEVISA 9.88 ▲ 0.71% AMX 23.90 ▲ 8.05% GAP 398.57 ▲ 3.24% ASUR 284.32 ▲ 2.89% OMA 213.83 ▲ 2.38% KOF 184.42 ▲ 1.70% GRUMA 293.79 ▲ 1.30% KIMBER 36.52 ▲ 2.33% SQM-B 72,605 ▲ 6.77% COPEC 6,159 ▼ 0.46% BSANTANDER 72.44 ▲ 1.03% FALABELLA 5,970 ▲ 1.98% ENELAM 77.21 ▲ 0.27% CENCOSUD 2,180 ▲ 4.31% CMPC 1,040 ▲ 0.02% BANCO CHILE 178.25 ▲ 0.82% LATAM AIR 23.15 ▲ 6.68% YPF 83,700 ▲ 1.92% GGAL 8,270 ▲ 10.49% PAMPA 5,305 ▲ 5.36% TXAR 700.00 ▲ 2.34% ALUAR 1,027 ▲ 1.08% TGS 9,860 ▲ 6.14% CEPU 2,395 ▲ 4.81% MIRGOR 17,275 ▲ 3.29% COME 46.06 ▲ 4.80% LOMA NEGRA 3,743 ▲ 9.35% BYMA 304.00 ▲ 6.20% TELECOM ARG 4,755 ▲ 11.10% ECOPETROL 16.26 ▲ 0.31% BANCOLOMBIA 80.83 ▲ 6.54% GRUPO AVAL 5.38 ▲ 4.26% CREDICORP 368.38 ▲ 4.75% SOUTHERN COPPER 182.16 ▲ 8.58% BUENAVENTURA 32.76 ▲ 6.78% MERCADOLIBRE 1,610 ▲ 1.37% NUBANK 12.09 ▲ 4.04% XP 15.65 ▲ 4.75% PAGSEGURO 8.94 ▲ 4.56% STONE 11.25 ▲ 6.13% GLOBANT 36.42 ▼ 1.17% TECNOGLASS 43.80 ▲ 3.96% GAP AIRPORT 229.81 ▲ 3.64% ASUR 284.32 ▲ 2.89% OMA AIRPORT 99.20 ▲ 3.42% AMX ADR 27.66 ▲ 8.77% FEMSA ADR 128.36 ▲ 3.81% CEMEX ADR 12.70 ▲ 7.63% PETROBRAS ADR 18.24 ▲ 0.72% VALE ADR 15.36 ▲ 2.88% ITAU ADR 7.91 ▲ 3.81% SANTANDER BR 5.38 ▲ 1.80% AMBEV ADR 3.22 ▲ 3.54% CSN 1.21 ▲ 2.54% GERDAU 4.66 ▲ 3.10% LATAM ADR 51.47 ▲ 8.54% BTC 63,634 ▲ 0.12% ETH 1,674 ▲ 0.09% SOL 66.79 ▼ 0.05% XRP 1.14 ▲ 0.12% BNB 604.68 ▼ 0.06% ADA 0.17 ▲ 0.62% DOGE 0.09 ▲ 0.72% AVAX 6.64 ▼ 0.00% LINK 7.89 ▲ 0.07% DOT 0.96 ▲ 1.53% LTC 42.95 ▲ 1.04% BCH 204.55 ▼ 0.34% TRX 0.31 ▼ 1.32% XLM 0.19 ▲ 1.43% HBAR 0.08 ▲ 0.54% NEAR 2.11 ▲ 2.01% ATOM 1.99 ▼ 1.48% AAVE 64.80 ▲ 0.80% SELIC 14.50% EMBRAER 71.20 ▲ 2.23% EMBRAER ADR 56.10 ▲ 4.24% JBS 12.20 ▲ 1.41% JBS BDR 62.00 ▲ 1.14% MBRF3 16.00 ▲ 0.63% MBRFY 3.06 — 0.00% INTER 5.71 ▲ 2.70% IBOV 171,497 ▲ 1.71% IPSA 10,741 ▲ 2.75% IPC MEX 66,977 ▲ 3.33% MERVAL 3,353,008 ▲ 6.34% COLCAP 2,350.77 ▲ 3.90% BVL PERÚ 34,937.73 ▲ 0.29% USD/BRL 5.12 ▲ 0.42% USD/MXN 17.20 ▼ 0.28% USD/CLP 904.40 ▲ 0.23% USD/COP 3,490 ▼ 1.93% USD/PEN 3.40 ▼ 0.04% USD/ARS 1,432 ▼ 0.03% USD/UYU 40.67 ▲ 1.66% USD/PYG 6,120 ▲ 1.26% USD/BOB 6.86 ▲ 1.78% USD/DOP 58.53 ▲ 1.48% USD/CRC 451.82 ▲ 1.15% USD/GTQ 7.62 ▲ 2.18% USD/HNL 26.65 ▲ 1.30% USD/NIO 36.62 ▲ 0.67% USD/VES 581.23 ▲ 0.76% USD/PAB 1.00 ▲ 2.17% USD/BZD 2.00 ▲ 1.60% USD/JMD 157.59 ▲ 0.75% USD/TTD 6.72 ▲ 0.91% EUR/BRL 5.92 ▼ 1.02% BRENT 87.43 ▼ 3.26% WTI 84.80 ▼ 3.32% IRON ORE 161.91 — — COPPER 6.39 ▲ 2.16% GOLD 4,237 ▲ 3.59% SILVER 67.19 ▲ 5.17% SOY 1,114 ▼ 0.09% CORN 410.25 ▼ 0.36% WHEAT 583.25 ▼ 0.60% COFFEE 250.00 ▼ 1.56% SUGAR 13.74 ▼ 0.36% ORANGE JUICE 166.00 ▼ 0.48% COTTON 76.41 ▲ 5.41% COCOA 3,801 ▲ 2.45% BEEF 242.63 ▼ 2.99% CATTLE 359.53 ▲ 1.45% LITHIUM 80.74 ▲ 5.49% PETR4 41.76 ▲ 0.26% VALE3 78.80 ▲ 1.42% ITUB4 40.50 ▲ 2.90% BBDC4 17.68 ▲ 2.43% ABEV3 16.64 ▲ 2.21% BBAS3 19.41 ▲ 2.16% B3SA3 15.44 ▲ 2.12% WEGE3 42.35 ▼ 0.09% PRIO3 62.05 ▼ 1.32% SUZB3 41.29 ▼ 0.39% RENT3 40.80 ▲ 4.29% AZZA3 17.51 ▲ 3.92% CSAN3 3.37 — 0.00% RAIZ4 0.43 ▼ 4.44% PCAR3 1.46 ▼ 5.19% GMAT3 4.12 ▲ 5.37% PSSA3 49.51 ▲ 2.12% CVCB3 1.32 ▼ 7.04% POSI3 3.53 ▲ 4.75% SLCE3 14.68 ▼ 1.41% NATU3 8.51 ▼ 1.96% BRKM5 9.75 ▲ 5.06% RANI3 7.95 ▲ 1.15% CSNA3 6.01 ▼ 0.50% CMIN3 4.34 ▲ 0.46% USIM5 10.85 ▼ 1.00% GGBR4 23.82 ▲ 1.66% ENEV3 24.40 ▲ 2.22% NEOE3 33.80 — 0.00% CPFE3 44.37 ▲ 2.52% CMIG4 10.81 ▲ 0.75% EQTL3 38.89 ▲ 1.25% LREN3 15.39 ▲ 3.85% VIVT3 33.86 ▲ 1.80% RAIL3 13.49 ▲ 1.43% KLABIN 16.78 ▼ 0.47% RAIA DROGASIL 17.62 ▼ 0.79% RDOR3 34.04 ▲ 4.74% HAPV3 11.59 ▲ 1.58% FLRY3 15.16 ▲ 2.29% SMTO3 16.17 ▼ 4.32% UGPA3 24.98 ▼ 0.04% VBBR3 29.53 ▲ 0.72% BBSE3 37.80 ▲ 3.19% BPAC11 50.48 ▲ 2.60% CURY3 31.88 ▲ 5.21% AERI3 2.34 ▲ 1.30% VIVARA 21.21 ▲ 2.32% COMPASS 25.26 ▲ 1.49% VAMOS 2.94 ▲ 6.52% SANB11 27.17 ▲ 0.63% ASAI3 8.24 ▲ 0.49% SBSP3 27.85 ▲ 1.20% WALMEX 51.71 ▲ 2.99% GMEXICO 206.47 ▲ 4.06% FEMSA 221.48 ▲ 3.14% CEMEX 21.87 ▲ 6.01% GFNORTE 182.46 ▲ 4.19% BIMBO 58.33 ▲ 2.93% TELEVISA 9.88 ▲ 0.71% AMX 23.90 ▲ 8.05% GAP 398.57 ▲ 3.24% ASUR 284.32 ▲ 2.89% OMA 213.83 ▲ 2.38% KOF 184.42 ▲ 1.70% GRUMA 293.79 ▲ 1.30% KIMBER 36.52 ▲ 2.33% SQM-B 72,605 ▲ 6.77% COPEC 6,159 ▼ 0.46% BSANTANDER 72.44 ▲ 1.03% FALABELLA 5,970 ▲ 1.98% ENELAM 77.21 ▲ 0.27% CENCOSUD 2,180 ▲ 4.31% CMPC 1,040 ▲ 0.02% BANCO CHILE 178.25 ▲ 0.82% LATAM AIR 23.15 ▲ 6.68% YPF 83,700 ▲ 1.92% GGAL 8,270 ▲ 10.49% PAMPA 5,305 ▲ 5.36% TXAR 700.00 ▲ 2.34% ALUAR 1,027 ▲ 1.08% TGS 9,860 ▲ 6.14% CEPU 2,395 ▲ 4.81% MIRGOR 17,275 ▲ 3.29% COME 46.06 ▲ 4.80% LOMA NEGRA 3,743 ▲ 9.35% BYMA 304.00 ▲ 6.20% TELECOM ARG 4,755 ▲ 11.10% ECOPETROL 16.26 ▲ 0.31% BANCOLOMBIA 80.83 ▲ 6.54% GRUPO AVAL 5.38 ▲ 4.26% CREDICORP 368.38 ▲ 4.75% SOUTHERN COPPER 182.16 ▲ 8.58% BUENAVENTURA 32.76 ▲ 6.78% MERCADOLIBRE 1,610 ▲ 1.37% NUBANK 12.09 ▲ 4.04% XP 15.65 ▲ 4.75% PAGSEGURO 8.94 ▲ 4.56% STONE 11.25 ▲ 6.13% GLOBANT 36.42 ▼ 1.17% TECNOGLASS 43.80 ▲ 3.96% GAP AIRPORT 229.81 ▲ 3.64% ASUR 284.32 ▲ 2.89% OMA AIRPORT 99.20 ▲ 3.42% AMX ADR 27.66 ▲ 8.77% FEMSA ADR 128.36 ▲ 3.81% CEMEX ADR 12.70 ▲ 7.63% PETROBRAS ADR 18.24 ▲ 0.72% VALE ADR 15.36 ▲ 2.88% ITAU ADR 7.91 ▲ 3.81% SANTANDER BR 5.38 ▲ 1.80% AMBEV ADR 3.22 ▲ 3.54% CSN 1.21 ▲ 2.54% GERDAU 4.66 ▲ 3.10% LATAM ADR 51.47 ▲ 8.54% BTC 63,634 ▲ 0.12% ETH 1,674 ▲ 0.09% SOL 66.79 ▼ 0.05% XRP 1.14 ▲ 0.12% BNB 604.68 ▼ 0.06% ADA 0.17 ▲ 0.62% DOGE 0.09 ▲ 0.72% AVAX 6.64 ▼ 0.00% LINK 7.89 ▲ 0.07% DOT 0.96 ▲ 1.53% LTC 42.95 ▲ 1.04% BCH 204.55 ▼ 0.34% TRX 0.31 ▼ 1.32% XLM 0.19 ▲ 1.43% HBAR 0.08 ▲ 0.54% NEAR 2.11 ▲ 2.01% ATOM 1.99 ▼ 1.48% AAVE 64.80 ▲ 0.80% SELIC 14.50% EMBRAER 71.20 ▲ 2.23% EMBRAER ADR 56.10 ▲ 4.24% JBS 12.20 ▲ 1.41% JBS BDR 62.00 ▲ 1.14% MBRF3 16.00 ▲ 0.63% MBRFY 3.06 — 0.00% INTER 5.71 ▲ 2.70%
since 2009
Friday, June 12, 2026

Brazil Business

Europe Turns to Brazil to Lean Less on US Tech Giants

By · June 12, 2026 · 4 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

Brazil · Technology

Key Facts

The deal. The European Union and Brazil are signing a digital partnership to work together on technology.

The motive. Europe wants to lean less on US tech giants and find what it calls trusted partners.

The scope. Cooperation will cover data, internet connectivity, cybersecurity, and protecting children online.

The backdrop. Three American firms, Amazon, Google, and Microsoft, control about 70 percent of Europe’s cloud market.

Where. The announcement came at the Web Summit technology conference in Rio de Janeiro.

The link. It builds on a new free-trade deal between Europe and the South American bloc Mercosur.

Europe is courting Brazil to reduce its dependence on US tech, a quiet shift that says a great deal about how the world’s trading powers are rearranging themselves.

EU and Brazil sign a digital partnership to reduce reliance on US tech giants in June 2026
Europe Turns to Brazil to Lean Less on US Tech Giants. (Photo internet reproduction)
RTAsk Rio TimesAsk about Latin American markets, currencies, and companies — answered from our reporting and live data.Start asking →

The European Union is turning to Brazil as it tries to depend less on American technology. The two sides are signing a digital partnership, the bloc’s tech chief said on Thursday at the Web Summit conference in Rio de Janeiro.

The message was unusually frank. Europe, the official said, has realized that no one can stay competitive alone, and it wants to build ties with countries it trusts.

Why Europe wants out from under US tech

The worry behind the deal is concentration. Just three American companies, Amazon, Google, and Microsoft, control roughly 70 percent of Europe’s cloud computing market, the storage and software that runs behind almost every app and website.

European officials fear that reliance could one day be used against them. The bloc’s tech chief described the danger as a kind of kill switch, the idea that a foreign provider could in theory cut off a service Europe has come to rely on.

That fear is no longer abstract. The concern sharpened after a US move to sanction an international prosecutor reportedly led to a Microsoft email account being cut off, an episode that rattled European capitals.

Cloud is not the only weak spot. Europe makes only about a tenth of the world’s semiconductors and depends almost entirely on the United States and East Asia for the most advanced chips.

In response, Brussels recently unveiled a package of measures to build up its own technology. The Brazil partnership is the outward-facing side of the same strategy: spreading bets across friendly partners.

What the partnership actually covers

The agreement is a cooperation framework rather than a single big contract. It focuses on areas such as data, internet connectivity, cybersecurity, and the protection of minors online.

The aim, in plain terms, is to make it easier for European and Brazilian firms to work together. The bloc’s tech chief said the goal is to create better opportunities for businesses on both sides.

For Brazil, the appeal is obvious. Being treated as a trusted technology partner by the world’s largest single market is a status boost and a potential source of investment.

Part of a bigger realignment

The timing is not an accident. Earlier this year, Europe and Mercosur, the South American trade bloc that groups Brazil, Argentina, Paraguay, and Uruguay, signed a long-delayed free-trade agreement that began taking effect in May.

That pact created one of the world’s largest free-trade zones. The digital partnership rides on top of it, adding technology to a relationship that already spans farm goods, cars, and industrial products.

The combined market is vast, covering well over 700 million people across the two regions. For European exporters wary of tariffs from Washington and Beijing, that scale is part of the attraction.

Both moves point in the same direction. Faced with an unpredictable Washington and a powerful Beijing, Europe and Latin America are quietly drawing closer to hedge their bets.

Why it matters for investors

For business, the partnership is a signal more than a windfall. It tells European companies that Brazil is now an approved place to build data centers, run cloud services, and form joint ventures.

The caveat is that frameworks like this take time to turn into real spending. Critics also warn that walling off American providers could leave Europe slower and more expensive until homegrown options mature.

Still, the direction of travel is clear. For Brazil, simply being named as a partner of choice is the kind of recognition that can pay off for years.

Frequently Asked Questions

Why is Europe trying to depend less on US tech?

European officials worry that relying on a few American firms for cloud and other services is a security risk. They fear access could be cut off in a crisis, so they are spreading their reliance across trusted partners like Brazil.

What does the EU-Brazil digital partnership cover?

It is a cooperation framework spanning data, connectivity, cybersecurity, and protecting children online. The goal is to help European and Brazilian businesses work together more easily.

How does this connect to trade?

It builds on the new free-trade agreement between the EU and Mercosur, the South American bloc that includes Brazil. Together they deepen ties between the two regions across both goods and technology.

Connected Coverage

Brazil GDP Per Capita Has Trailed the World Average for a Decade

Brazil’s Technology Scene in 2026: Fintechs, AI, and the Startup Boom

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.