IBOV 176,402.10 ▲ 1.77% IPSA 10,989.46 ▲ 0.32% IPC MEX 66,709.60 ▲ 0.88% MERVAL 3,343,345 ▲ 1.87% COLCAP 2,312.45 ▲ 0.48% BVL PERÚ 57,575.02 — — USD/BRL5.06▼ 0.27% USD/MXN17.40▼ 0.07% USD/CLP935.89▲ 0.02% USD/COP3,202▼ 1.65% USD/PEN3.40▲ 0.03% USD/ARS1,478▲ 0.02% USD/UYU40.14▲ 1.07% USD/PYG6,035▲ 1.50% USD/BOB10.95▲ 3.79% USD/DOP58.34▲ 0.24% USD/CRC447.42▲ 1.35% USD/GTQ7.62▲ 2.27% USD/HNL26.74▲ 1.52% USD/NIO36.62▲ 0.72% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.36% USD/TTD6.71▲ 0.76% EUR/BRL5.77▼ 0.81% BRENT 93.83 ▲ 3.10% WTI 86.65 ▲ 2.05% IRON ORE 161.91 — — COPPER 6.51 ▼ 0.05% GOLD 4,158 ▲ 2.12% SILVER 60.67 ▲ 3.12% SOY 1,237 ▲ 1.46% CORN 485.75 ▲ 7.29% WHEAT 704.75 ▲ 3.95% COFFEE 315.05 ▼ 5.09% SUGAR 14.83 ▼ 0.34% ORANGE JUICE 147.60 ▲ 2.64% COTTON 80.43 ▲ 1.86% COCOA 5,328 ▼ 4.98% BEEF 219.30 ▼ 3.25% CATTLE 335.73 ▼ 3.96% LITHIUM 69.39 ▲ 0.44% PETR4 42.61 ▲ 2.28% VALE3 74.14 ▲ 2.63% ITUB4 42.59 ▲ 0.14% BBDC4 18.60 ▲ 0.27% ABEV3 16.08 ▲ 1.77% BBAS3 20.72 ▼ 0.77% B3SA3 15.49 ▲ 2.11% WEGE3 46.43 ▲ 9.32% PRIO3 59.51 ▲ 2.29% SUZB3 42.12 ▲ 1.18% RENT3 36.83 ▲ 0.77% AZZA3 17.50 ▲ 0.11% CSAN3 3.88 ▲ 2.65% RAIZ4 0.27 — 0.00% PCAR3 2.69 ▼ 1.47% GMAT3 3.85 ▲ 0.52% PSSA3 54.57 ▲ 2.04% CVCB3 1.23 ▲ 9.82% POSI3 3.70 ▲ 0.54% SLCE3 13.86 ▲ 0.80% NATU3 8.77 ▲ 0.69% BRKM5 6.19 ▲ 8.41% RANI3 7.97 ▲ 1.01% CSNA3 5.27 ▲ 4.15% CMIN3 5.88 ▲ 5.38% USIM5 8.60 ▲ 1.65% GGBR4 23.68 ▲ 0.81% ENEV3 25.57 ▲ 0.59% CPFE3 46.35 ▼ 0.11% CMIG4 11.11 ▲ 0.82% EQTL3 38.86 ▲ 0.08% LREN3 13.51 ▲ 1.81% VIVT3 35.75 ▼ 0.14% RAIL3 13.56 ▲ 2.42% KLABIN 17.85 ▲ 1.48% RAIA DROGASIL 18.06 ▼ 0.39% RDOR3 33.67 ▼ 0.74% HAPV3 11.48 ▲ 2.14% FLRY3 16.64 ▲ 0.54% SMTO3 16.04 ▲ 2.95% UGPA3 32.32 ▲ 1.57% VBBR3 34.45 ▲ 1.47% BBSE3 41.96 ▲ 0.99% BPAC11 56.08 ▲ 1.28% CURY3 30.09 ▲ 0.47% AERI3 2.06 ▲ 0.98% VIVARA 21.25 ▼ 0.75% COMPASS 24.58 ▲ 0.57% VAMOS 3.17 ▲ 2.59% SANB11 26.57 ▼ 2.35% ASAI3 8.39 ▲ 1.70% SBSP3 28.91 ▲ 1.08% WALMEX 49.42 ▲ 0.55% GMEXICO 212.31 ▲ 1.60% FEMSA 230.59 ▲ 1.70% CEMEX 22.31 ▲ 1.09% GFNORTE 187.84 ▲ 1.10% BIMBO 60.28 ▲ 1.50% TELEVISA 9.90 ▲ 1.43% AMX 22.74 ▼ 0.09% GAP 379.20 ▲ 0.18% ASUR 274.07 ▼ 0.32% OMA 230.07 ▲ 1.68% KOF 184.24 ▲ 2.09% GRUMA 281.95 ▼ 0.23% KIMBER 39.14 ▲ 1.93% SQM-B 66,088 ▲ 2.40% COPEC 6,450 ▼ 0.00% BSANTANDER 79.39 ▲ 0.48% FALABELLA 5,980 ▲ 1.03% ENELAM 84.36 ▼ 0.20% CENCOSUD 2,025 ▼ 0.15% CMPC 1,077 ▼ 0.66% BANCO CHILE 190.50 ▲ 0.26% LATAM AIR 24.02 ▼ 0.74% YPF 81,900 ▲ 1.58% GGAL 8,220 ▲ 3.20% PAMPA 5,525 ▲ 0.91% TXAR 673.00 ▼ 0.88% ALUAR 975.00 ▲ 0.21% TGS 9,815 ▲ 1.08% CEPU 2,350 ▲ 0.43% MIRGOR 16,950 ▲ 1.04% COME 43.00 ▲ 0.30% LOMA NEGRA 3,625 ▲ 0.55% BYMA 296.00 ▲ 1.28% TELECOM ARG 4,260 ▲ 0.12% ECOPETROL 16.93 ▲ 2.44% BANCOLOMBIA 84.42 ▲ 0.93% GRUPO AVAL 5.04 ▼ 0.94% CREDICORP 390.55 ▼ 0.14% SOUTHERN COPPER 191.14 ▲ 1.66% BUENAVENTURA 32.77 ▲ 4.86% MERCADOLIBRE 1,799 ▼ 1.31% NUBANK 14.00 ▼ 2.75% XP 17.01 ▲ 0.92% PAGSEGURO 9.52 ▼ 0.63% STONE 11.15 ▼ 0.93% GLOBANT 32.05 ▼ 0.16% TECNOGLASS 45.30 ▲ 0.33% GAP AIRPORT 218.24 ▲ 0.26% ASUR 274.07 ▼ 0.32% OMA AIRPORT 105.61 ▲ 1.32% AMX ADR 26.12 ▲ 0.10% FEMSA ADR 132.00 ▲ 1.27% CEMEX ADR 12.81 ▲ 0.83% PETROBRAS ADR 19.02 ▲ 2.56% VALE ADR 14.65 ▲ 2.81% ITAU ADR 8.38 ▼ 0.24% SANTANDER BR 5.38 ▼ 0.65% AMBEV ADR 3.15 ▲ 1.29% CSN 1.06 ▲ 6.00% GERDAU 4.71 ▲ 1.51% LATAM ADR 51.10 ▼ 0.91% BTC 65,699 ▼ 1.21% ETH 1,929 ▲ 0.04% SOL 77.74 ▼ 0.47% XRP 1.14 ▼ 0.26% BNB 570.64 ▼ 0.52% ADA 0.17 ▲ 0.78% DOGE 0.07 ▼ 0.74% AVAX 6.55 ▼ 0.17% LINK 8.64 ▼ 0.07% DOT 0.84 ▼ 0.92% LTC 46.76 ▼ 0.12% BCH 219.76 ▼ 1.76% TRX 0.33 ▼ 0.46% XLM 0.19 ▼ 1.63% HBAR 0.07 ▲ 3.54% NEAR 1.88 ▼ 2.80% ATOM 1.46 ▼ 1.42% AAVE 96.99 ▲ 1.48% SELIC 14.25% EMBRAER 83.73 ▲ 1.31% EMBRAER ADR 66.12 ▲ 0.99% JBS 12.23 ▲ 2.30% JBS BDR 61.75 ▲ 2.54% MBRF3 15.46 ▲ 2.32% MBRFY 3.00 ▲ 1.69% INTER 5.54 ▼ 0.72% EGX 53,932 ▼ 0.11% USD/ZAR16.42▼ 0.32% USD/NGN1,370▼ 0.55% NIKKEI 66,116 ▼ 0.18% CSI300 4,717 ▼ 0.46% HSI 24,893 ▼ 0.95% NIFTY 23,996 ▼ 0.79% KOSPI 6,798 ▲ 0.74% JCI 6,334 ▼ 0.09% USD/JPY163.06▼ 0.07% USD/CNY6.76▼ 0.08% DAX 25,173 ▲ 0.64% CAC 8,451 ▲ 1.04% FTSE 10,748 ▲ 1.53% MIB 52,829 ▲ 1.04% IBEX 19,620 ▲ 1.24% STOXX 648.02 ▲ 0.75% EUR/USD1.14▲ 0.13% GBP/USD1.34▼ 0.39% SPX 7,500 ▼ 0.13% DJI 52,317 ▲ 0.18% NDX 29,052 ▼ 0.35% RUT 2,981 ▼ 0.22% TSX 35,677 ▲ 0.87% VIX 16.95 ▼ 0.59% USD/CAD1.41▼ 0.17% US10Y 4.6500 ▲ 0.48% IBOV 176,402.10 ▲ 1.77% IPSA 10,989.46 ▲ 0.32% IPC MEX 66,709.60 ▲ 0.88% MERVAL 3,343,345 ▲ 1.87% COLCAP 2,312.45 ▲ 0.48% BVL PERÚ 57,575.02 — — USD/BRL 5.06 ▼ 0.27% USD/MXN 17.40 ▼ 0.07% USD/CLP 935.89 ▲ 0.02% USD/COP 3,203 ▼ 1.64% USD/PEN 3.40 ▲ 0.03% USD/ARS 1,478 ▲ 0.02% USD/UYU 40.14 ▲ 1.07% USD/PYG 6,035 ▲ 1.50% USD/BOB 10.95 ▲ 3.79% USD/DOP 58.34 ▲ 0.24% USD/CRC 447.42 ▲ 1.35% USD/GTQ 7.62 ▲ 2.27% USD/HNL 26.74 ▲ 1.52% USD/NIO 36.62 ▲ 0.72% USD/VES 735.39 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.35% USD/TTD 6.71 ▲ 0.76% EUR/BRL 5.77 ▼ 0.81% BRENT 93.83 ▲ 3.10% WTI 86.65 ▲ 2.05% IRON ORE 161.91 — — COPPER 6.51 ▼ 0.05% GOLD 4,158 ▲ 2.12% SILVER 60.67 ▲ 3.12% SOY 1,237 ▲ 1.46% CORN 485.75 ▲ 7.29% WHEAT 704.75 ▲ 3.95% COFFEE 315.05 ▼ 5.09% SUGAR 14.83 ▼ 0.34% ORANGE JUICE 147.60 ▲ 2.64% COTTON 80.43 ▲ 1.86% COCOA 5,328 ▼ 4.98% BEEF 219.30 ▼ 3.25% CATTLE 335.73 ▼ 3.96% LITHIUM 69.39 ▲ 0.44% PETR4 42.61 ▲ 2.28% VALE3 74.14 ▲ 2.63% ITUB4 42.59 ▲ 0.14% BBDC4 18.60 ▲ 0.27% ABEV3 16.08 ▲ 1.77% BBAS3 20.72 ▼ 0.77% B3SA3 15.49 ▲ 2.11% WEGE3 46.43 ▲ 9.32% PRIO3 59.51 ▲ 2.29% SUZB3 42.12 ▲ 1.18% RENT3 36.83 ▲ 0.77% AZZA3 17.50 ▲ 0.11% CSAN3 3.88 ▲ 2.65% RAIZ4 0.27 — 0.00% PCAR3 2.69 ▼ 1.47% GMAT3 3.85 ▲ 0.52% PSSA3 54.57 ▲ 2.04% CVCB3 1.23 ▲ 9.82% POSI3 3.70 ▲ 0.54% SLCE3 13.86 ▲ 0.80% NATU3 8.77 ▲ 0.69% BRKM5 6.19 ▲ 8.41% RANI3 7.97 ▲ 1.01% CSNA3 5.27 ▲ 4.15% CMIN3 5.88 ▲ 5.38% USIM5 8.60 ▲ 1.65% GGBR4 23.68 ▲ 0.81% ENEV3 25.57 ▲ 0.59% CPFE3 46.35 ▼ 0.11% CMIG4 11.11 ▲ 0.82% EQTL3 38.86 ▲ 0.08% LREN3 13.51 ▲ 1.81% VIVT3 35.75 ▼ 0.14% RAIL3 13.56 ▲ 2.42% KLABIN 17.85 ▲ 1.48% RAIA DROGASIL 18.06 ▼ 0.39% RDOR3 33.67 ▼ 0.74% HAPV3 11.48 ▲ 2.14% FLRY3 16.64 ▲ 0.54% SMTO3 16.04 ▲ 2.95% UGPA3 32.32 ▲ 1.57% VBBR3 34.45 ▲ 1.47% BBSE3 41.96 ▲ 0.99% BPAC11 56.08 ▲ 1.28% CURY3 30.09 ▲ 0.47% AERI3 2.06 ▲ 0.98% VIVARA 21.25 ▼ 0.75% COMPASS 24.58 ▲ 0.57% VAMOS 3.17 ▲ 2.59% SANB11 26.57 ▼ 2.35% ASAI3 8.39 ▲ 1.70% SBSP3 28.91 ▲ 1.08% WALMEX 49.42 ▲ 0.55% GMEXICO 212.31 ▲ 1.60% FEMSA 230.59 ▲ 1.70% CEMEX 22.31 ▲ 1.09% GFNORTE 187.84 ▲ 1.10% BIMBO 60.28 ▲ 1.50% TELEVISA 9.90 ▲ 1.43% AMX 22.74 ▼ 0.09% GAP 379.20 ▲ 0.18% ASUR 274.07 ▼ 0.32% OMA 230.07 ▲ 1.68% KOF 184.24 ▲ 2.09% GRUMA 281.95 ▼ 0.23% KIMBER 39.14 ▲ 1.93% SQM-B 66,088 ▲ 2.40% COPEC 6,450 ▼ 0.00% BSANTANDER 79.39 ▲ 0.48% FALABELLA 5,980 ▲ 1.03% ENELAM 84.36 ▼ 0.20% CENCOSUD 2,025 ▼ 0.15% CMPC 1,077 ▼ 0.66% BANCO CHILE 190.50 ▲ 0.26% LATAM AIR 24.02 ▼ 0.74% YPF 81,900 ▲ 1.58% GGAL 8,220 ▲ 3.20% PAMPA 5,525 ▲ 0.91% TXAR 673.00 ▼ 0.88% ALUAR 975.00 ▲ 0.21% TGS 9,815 ▲ 1.08% CEPU 2,350 ▲ 0.43% MIRGOR 16,950 ▲ 1.04% COME 43.00 ▲ 0.30% LOMA NEGRA 3,625 ▲ 0.55% BYMA 296.00 ▲ 1.28% TELECOM ARG 4,260 ▲ 0.12% ECOPETROL 16.93 ▲ 2.44% BANCOLOMBIA 84.42 ▲ 0.93% GRUPO AVAL 5.04 ▼ 0.94% CREDICORP 390.55 ▼ 0.14% SOUTHERN COPPER 191.14 ▲ 1.66% BUENAVENTURA 32.77 ▲ 4.86% MERCADOLIBRE 1,799 ▼ 1.31% NUBANK 14.00 ▼ 2.75% XP 17.01 ▲ 0.92% PAGSEGURO 9.52 ▼ 0.63% STONE 11.15 ▼ 0.93% GLOBANT 32.05 ▼ 0.16% TECNOGLASS 45.30 ▲ 0.33% GAP AIRPORT 218.24 ▲ 0.26% ASUR 274.07 ▼ 0.32% OMA AIRPORT 105.61 ▲ 1.32% AMX ADR 26.12 ▲ 0.10% FEMSA ADR 132.00 ▲ 1.27% CEMEX ADR 12.81 ▲ 0.83% PETROBRAS ADR 19.02 ▲ 2.56% VALE ADR 14.65 ▲ 2.81% ITAU ADR 8.38 ▼ 0.24% SANTANDER BR 5.38 ▼ 0.65% AMBEV ADR 3.15 ▲ 1.29% CSN 1.06 ▲ 6.00% GERDAU 4.71 ▲ 1.51% LATAM ADR 51.10 ▼ 0.91% BTC 65,699 ▼ 1.21% ETH 1,929 ▲ 0.04% SOL 77.74 ▼ 0.47% XRP 1.14 ▼ 0.26% BNB 570.64 ▼ 0.52% ADA 0.17 ▲ 0.78% DOGE 0.07 ▼ 0.74% AVAX 6.55 ▼ 0.17% LINK 8.64 ▼ 0.07% DOT 0.84 ▼ 0.92% LTC 46.76 ▼ 0.12% BCH 219.76 ▼ 1.76% TRX 0.33 ▼ 0.46% XLM 0.19 ▼ 1.63% HBAR 0.07 ▲ 3.54% NEAR 1.88 ▼ 2.80% ATOM 1.46 ▼ 1.42% AAVE 96.99 ▲ 1.48% SELIC 14.25% EMBRAER 83.73 ▲ 1.31% EMBRAER ADR 66.12 ▲ 0.99% JBS 12.23 ▲ 2.30% JBS BDR 61.75 ▲ 2.54% MBRF3 15.46 ▲ 2.32% MBRFY 3.00 ▲ 1.69% INTER 5.54 ▼ 0.72% EGX 53,932 ▼ 0.11% USD/ZAR 16.42 ▼ 0.21% USD/NGN 1,370 ▼ 0.45% NIKKEI 66,116 ▼ 0.18% CSI300 4,717 ▼ 0.46% HSI 24,893 ▼ 0.95% NIFTY 23,996 ▼ 0.79% KOSPI 6,798 ▲ 0.74% JCI 6,334 ▼ 0.09% USD/JPY 163.07 ▼ 0.04% USD/CNY 6.7608 ▲ 0.06% DAX 25,173 ▲ 0.64% CAC 8,451 ▲ 1.04% FTSE 10,748 ▲ 1.53% MIB 52,829 ▲ 1.04% IBEX 19,620 ▲ 1.24% STOXX 648.02 ▲ 0.75% EUR/USD 1.1414 ▲ 0.09% GBP/USD 1.3383 ▲ 0.03% SPX 7,500 ▼ 0.13% DJI 52,317 ▲ 0.18% NDX 29,052 ▼ 0.35% RUT 2,981 ▼ 0.22% TSX 35,677 ▲ 0.87% VIX 16.95 ▼ 0.59% USD/CAD 1.4081 ▼ 0.18% US10Y 4.6500 ▲ 0.48%
since 2009
Wednesday, July 22, 2026

Brazil Argentina

Ideological Divide Shapes Brazil-Argentina Diplomacy

By · April 5, 2024 · 2 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.

The initial period of Javier Milei’s presidency in Argentina has not markedly improved ties with Brazil, led by President Luiz Inácio Lula da Silva.

Despite a reduction in previous tensions, a wary distance persists. The ideological divide between these leaders from neighboring countries maintains a cautious status quo.

Milei’s offer of an olive branch, by inviting Lula to his inauguration, did not thaw relations.

Lula’s veiled support for Argentina’s opposition and Milei’s pointed criticisms have only added to the mutual skepticism.

A web of unaddressed grievances and public disputes leaves reconciliation on uncertain ground. Brazil looks for a conciliatory gesture from Milei to change the dynamic.

Ideological Divide Shapes Brazil-Argentina Diplomacy
Ideological Divide Shapes Brazil-Argentina Diplomacy. (Photo Internet reproduction)
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

However, Lula’s absence at Milei’s inauguration, opting to send a representative, underscores the ongoing formal but cool interaction.

Despite this, diplomatic efforts persist, with ministers from both nations acting as intermediaries, keeping institutional dialogues alive.

Argentina’s positive reception of Brazil’s backing on the Falklands underscores possible areas of collaboration.

Milei’s disputes with other leftist Latin American leaders, notably Venezuela’s Maduro and Colombia’s Petro, have caught Brazil‘s attention.

While critical of Lula and supportive of opposition figures, Argentina’s presidency downplays these as barriers to diplomatic and commercial ties.

Milei’s tenure shows a pivot towards engaging with global powers and organizations over regional neighbors, reflecting a pragmatic foreign policy approach prioritizing economic and security agendas.

The trajectory of Brazil-Argentina relations remains under watch, given their significant roles within Mercosur and as primary trade partners.

The unfolding diplomatic narrative between these South American giants will be crucial for regional stability and cooperation.

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.