IBOV 172,812.43 ▼ 0.32% IPSA 10,957.23 ▲ 0.55% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,281,489 ▲ 1.79% COLCAP 2,309.56 ▲ 0.49% BVL PERÚ 56,620.35 — — USD/BRL5.07▼ 0.38% USD/MXN17.39▼ 0.24% USD/CLP934.02▼ 0.05% USD/COP3,233▼ 1.09% USD/PEN3.39▲ 0.09% USD/ARS1,477▼ 0.30% USD/UYU40.11▲ 1.23% USD/PYG6,045▲ 1.76% USD/BOB10.80▲ 2.69% USD/DOP58.02▲ 0.31% USD/CRC446.12▲ 1.15% USD/GTQ7.62▲ 2.33% USD/HNL26.74▲ 1.61% USD/NIO36.62▲ 0.84% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.79▲ 0.73% USD/TTD6.73▲ 1.11% EUR/BRL5.78▼ 1.23% BRENT 91.19 ▲ 2.21% WTI 84.35 ▲ 1.35% IRON ORE 161.91 — — COPPER 6.56 ▲ 4.16% GOLD 4,077 ▲ 1.67% SILVER 59.16 ▲ 4.15% SOY 1,222 ▼ 0.35% CORN 474.75 ▲ 5.62% WHEAT 674.00 — 0.00% COFFEE 323.05 ▼ 3.39% SUGAR 14.89 ▲ 0.47% ORANGE JUICE 145.95 ▼ 0.98% COTTON 80.03 ▲ 3.44% COCOA 5,590 ▲ 1.27% BEEF 223.03 ▼ 1.55% CATTLE 345.00 ▼ 1.99% LITHIUM 69.33 ▲ 3.60% PETR4 41.58 ▲ 1.05% VALE3 72.44 ▲ 0.71% ITUB4 42.49 ▲ 0.45% BBDC4 18.49 ▲ 0.43% ABEV3 15.80 ▲ 0.06% BBAS3 20.64 ▲ 2.33% B3SA3 15.10 ▼ 1.05% WEGE3 42.67 ▼ 1.07% PRIO3 58.80 ▲ 1.92% SUZB3 41.81 ▼ 0.19% RENT3 36.65 ▼ 2.24% AZZA3 17.80 ▼ 2.04% CSAN3 3.79 ▼ 0.79% RAIZ4 0.28 ▲ 3.70% PCAR3 2.72 ▲ 4.62% GMAT3 3.81 ▼ 1.04% PSSA3 53.30 ▼ 1.66% CVCB3 1.14 ▲ 5.56% POSI3 3.75 ▲ 1.35% SLCE3 13.60 ▲ 0.22% NATU3 8.76 ▲ 1.51% BRKM5 5.91 ▼ 0.51% RANI3 7.87 ▼ 1.50% CSNA3 5.11 ▲ 0.79% CMIN3 5.47 ▲ 1.48% USIM5 8.46 ▲ 3.68% GGBR4 23.70 ▲ 0.34% ENEV3 25.33 ▼ 1.25% CPFE3 46.32 — 0.00% CMIG4 11.02 — 0.00% EQTL3 38.57 ▼ 1.83% LREN3 13.22 ▼ 0.68% VIVT3 35.53 ▼ 0.39% RAIL3 13.26 ▼ 2.28% KLABIN 17.47 ▼ 0.06% RAIA DROGASIL 18.50 ▼ 1.02% RDOR3 33.29 ▼ 6.09% HAPV3 11.37 ▼ 1.56% FLRY3 16.41 ▼ 0.91% SMTO3 15.37 ▼ 0.26% UGPA3 31.46 ▼ 0.76% VBBR3 33.51 ▼ 1.76% BBSE3 41.06 ▲ 0.02% BPAC11 55.48 ▼ 0.64% CURY3 29.49 ▼ 2.32% AERI3 2.06 ▼ 0.48% VIVARA 21.31 ▼ 2.96% COMPASS 24.31 ▼ 1.18% VAMOS 3.12 ▲ 0.97% SANB11 27.42 ▲ 1.52% ASAI3 8.20 ▲ 0.74% SBSP3 28.54 ▼ 1.52% WALMEX 49.30 ▼ 0.16% GMEXICO 205.77 ▲ 2.46% FEMSA 227.17 ▲ 0.09% CEMEX 21.97 ▲ 0.41% GFNORTE 184.23 ▲ 2.35% BIMBO 59.18 ▼ 0.54% TELEVISA 9.81 ▲ 1.03% AMX 22.65 ▼ 0.40% GAP 377.58 ▼ 0.16% ASUR 272.70 ▼ 0.61% OMA 224.82 ▼ 0.72% KOF 181.08 ▲ 0.15% GRUMA 285.64 ▼ 0.68% KIMBER 38.18 ▼ 0.55% SQM-B 64,764 ▲ 2.60% COPEC 6,372 ▲ 2.78% BSANTANDER 79.04 ▲ 3.88% FALABELLA 5,894 ▲ 0.33% ENELAM 84.90 ▲ 0.94% CENCOSUD 2,013 ▲ 0.89% CMPC 1,086 ▲ 1.87% BANCO CHILE 189.99 ▲ 1.88% LATAM AIR 24.54 ▲ 0.53% YPF 80,275 ▲ 1.36% GGAL 8,005 ▲ 2.04% PAMPA 5,455 ▲ 3.51% TXAR 665.00 ▼ 0.82% ALUAR 967.00 ▲ 0.78% TGS 9,660 ▲ 1.68% CEPU 2,356 ▲ 2.93% MIRGOR 16,800 ▼ 1.90% COME 43.17 ▲ 0.51% LOMA NEGRA 3,640 ▲ 1.89% BYMA 293.75 — 0.00% TELECOM ARG 4,248 ▲ 2.47% ECOPETROL 16.48 ▲ 2.81% BANCOLOMBIA 82.97 ▲ 2.66% GRUPO AVAL 5.00 ▲ 1.01% CREDICORP 395.23 ▲ 2.17% SOUTHERN COPPER 185.49 ▲ 5.95% BUENAVENTURA 31.15 ▲ 3.63% MERCADOLIBRE 1,813 ▼ 1.05% NUBANK 14.29 ▲ 2.11% XP 16.74 ▼ 0.36% PAGSEGURO 9.53 ▲ 2.53% STONE 11.26 ▲ 1.26% GLOBANT 31.92 ▼ 1.15% TECNOGLASS 45.77 ▼ 0.74% GAP AIRPORT 217.72 ▲ 0.28% ASUR 272.70 ▼ 0.61% OMA AIRPORT 103.39 ▼ 0.60% AMX ADR 26.00 ▼ 0.38% FEMSA ADR 130.64 ▲ 0.48% CEMEX ADR 12.64 ▲ 1.20% PETROBRAS ADR 18.46 ▲ 1.46% VALE ADR 14.25 ▲ 1.06% ITAU ADR 8.37 ▲ 0.54% SANTANDER BR 5.41 ▲ 0.74% AMBEV ADR 3.10 ▲ 0.65% CSN 1.02 ▲ 0.99% GERDAU 4.70 ▲ 0.43% LATAM ADR 52.23 ▲ 0.95% BTC 66,483 ▲ 1.92% ETH 1,926 ▲ 1.16% SOL 78.10 ▲ 0.40% XRP 1.15 ▲ 3.35% BNB 574.35 ▲ 0.63% ADA 0.17 ▲ 2.31% DOGE 0.07 ▲ 1.69% AVAX 6.63 ▲ 0.82% LINK 8.67 ▲ 1.05% DOT 0.85 ▲ 3.01% LTC 47.70 ▲ 0.77% BCH 225.44 ▲ 2.52% TRX 0.33 ▲ 0.51% XLM 0.19 ▲ 1.92% HBAR 0.07 ▲ 2.74% NEAR 1.94 ▼ 2.00% ATOM 1.49 ▼ 0.14% AAVE 96.20 ▲ 7.16% SELIC 14.25% EMBRAER 83.16 ▼ 0.16% EMBRAER ADR 65.62 ▼ 0.47% JBS 11.81 ▼ 1.83% JBS BDR 59.88 ▼ 1.50% MBRF3 15.17 ▲ 4.48% MBRFY 2.99 ▲ 2.75% INTER 5.55 ▼ 1.33% EGX 53,990 ▲ 1.63% USD/ZAR16.45▼ 0.50% USD/NGN1,376▼ 0.27% NIKKEI 66,232 ▲ 3.26% CSI300 4,739 ▲ 3.06% HSI 25,132 ▼ 0.04% NIFTY 24,188 ▼ 0.21% KOSPI 6,748 ▲ 3.56% JCI 6,340 ▲ 1.74% USD/JPY162.99▲ 0.30% USD/CNY6.76▼ 0.17% DAX 25,011 ▲ 0.66% CAC 8,363 ▲ 0.28% FTSE 10,586 ▲ 0.58% MIB 52,285 ▲ 0.81% IBEX 19,380 ▲ 0.90% STOXX 643.19 ▲ 0.56% EUR/USD1.14▼ 0.03% GBP/USD1.34▼ 0.48% SPX 7,512 ▲ 0.93% DJI 52,350 ▲ 0.99% NDX 29,164 ▲ 1.96% RUT 2,979 ▲ 1.25% TSX 35,332 ▲ 1.06% VIX 17.11 ▼ 8.26% USD/CAD1.41▲ 0.20% US10Y 4.6300 ▲ 0.70% IBOV 172,812.43 ▼ 0.32% IPSA 10,957.23 ▲ 0.55% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,281,489 ▲ 1.79% COLCAP 2,309.56 ▲ 0.49% BVL PERÚ 56,620.35 — — USD/BRL 5.07 ▼ 0.38% USD/MXN 17.39 ▼ 0.24% USD/CLP 934.02 ▼ 0.05% USD/COP 3,234 ▼ 1.07% USD/PEN 3.39 ▲ 0.09% USD/ARS 1,477 ▼ 0.30% USD/UYU 40.11 ▲ 1.23% USD/PYG 6,045 ▲ 1.76% USD/BOB 10.80 ▲ 2.69% USD/DOP 58.02 ▲ 0.31% USD/CRC 446.12 ▲ 1.15% USD/GTQ 7.62 ▲ 2.33% USD/HNL 26.74 ▲ 1.61% USD/NIO 36.62 ▲ 0.84% USD/VES 735.39 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.79 ▲ 0.73% USD/TTD 6.73 ▲ 1.11% EUR/BRL 5.78 ▼ 1.23% BRENT 91.19 ▲ 2.21% WTI 84.35 ▲ 1.35% IRON ORE 161.91 — — COPPER 6.56 ▲ 4.16% GOLD 4,077 ▲ 1.67% SILVER 59.16 ▲ 4.15% SOY 1,222 ▼ 0.35% CORN 474.75 ▲ 5.62% WHEAT 674.00 — 0.00% COFFEE 323.05 ▼ 3.39% SUGAR 14.89 ▲ 0.47% ORANGE JUICE 145.95 ▼ 0.98% COTTON 80.03 ▲ 3.44% COCOA 5,590 ▲ 1.27% BEEF 223.03 ▼ 1.55% CATTLE 345.00 ▼ 1.99% LITHIUM 69.33 ▲ 3.60% PETR4 41.58 ▲ 1.05% VALE3 72.44 ▲ 0.71% ITUB4 42.49 ▲ 0.45% BBDC4 18.49 ▲ 0.43% ABEV3 15.80 ▲ 0.06% BBAS3 20.64 ▲ 2.33% B3SA3 15.10 ▼ 1.05% WEGE3 42.67 ▼ 1.07% PRIO3 58.80 ▲ 1.92% SUZB3 41.81 ▼ 0.19% RENT3 36.65 ▼ 2.24% AZZA3 17.80 ▼ 2.04% CSAN3 3.79 ▼ 0.79% RAIZ4 0.28 ▲ 3.70% PCAR3 2.72 ▲ 4.62% GMAT3 3.81 ▼ 1.04% PSSA3 53.30 ▼ 1.66% CVCB3 1.14 ▲ 5.56% POSI3 3.75 ▲ 1.35% SLCE3 13.60 ▲ 0.22% NATU3 8.76 ▲ 1.51% BRKM5 5.91 ▼ 0.51% RANI3 7.87 ▼ 1.50% CSNA3 5.11 ▲ 0.79% CMIN3 5.47 ▲ 1.48% USIM5 8.46 ▲ 3.68% GGBR4 23.70 ▲ 0.34% ENEV3 25.33 ▼ 1.25% CPFE3 46.32 — 0.00% CMIG4 11.02 — 0.00% EQTL3 38.57 ▼ 1.83% LREN3 13.22 ▼ 0.68% VIVT3 35.53 ▼ 0.39% RAIL3 13.26 ▼ 2.28% KLABIN 17.47 ▼ 0.06% RAIA DROGASIL 18.50 ▼ 1.02% RDOR3 33.29 ▼ 6.09% HAPV3 11.37 ▼ 1.56% FLRY3 16.41 ▼ 0.91% SMTO3 15.37 ▼ 0.26% UGPA3 31.46 ▼ 0.76% VBBR3 33.51 ▼ 1.76% BBSE3 41.06 ▲ 0.02% BPAC11 55.48 ▼ 0.64% CURY3 29.49 ▼ 2.32% AERI3 2.06 ▼ 0.48% VIVARA 21.31 ▼ 2.96% COMPASS 24.31 ▼ 1.18% VAMOS 3.12 ▲ 0.97% SANB11 27.42 ▲ 1.52% ASAI3 8.20 ▲ 0.74% SBSP3 28.54 ▼ 1.52% WALMEX 49.30 ▼ 0.16% GMEXICO 205.77 ▲ 2.46% FEMSA 227.17 ▲ 0.09% CEMEX 21.97 ▲ 0.41% GFNORTE 184.23 ▲ 2.35% BIMBO 59.18 ▼ 0.54% TELEVISA 9.81 ▲ 1.03% AMX 22.65 ▼ 0.40% GAP 377.58 ▼ 0.16% ASUR 272.70 ▼ 0.61% OMA 224.82 ▼ 0.72% KOF 181.08 ▲ 0.15% GRUMA 285.64 ▼ 0.68% KIMBER 38.18 ▼ 0.55% SQM-B 64,764 ▲ 2.60% COPEC 6,372 ▲ 2.78% BSANTANDER 79.04 ▲ 3.88% FALABELLA 5,894 ▲ 0.33% ENELAM 84.90 ▲ 0.94% CENCOSUD 2,013 ▲ 0.89% CMPC 1,086 ▲ 1.87% BANCO CHILE 189.99 ▲ 1.88% LATAM AIR 24.54 ▲ 0.53% YPF 80,275 ▲ 1.36% GGAL 8,005 ▲ 2.04% PAMPA 5,455 ▲ 3.51% TXAR 665.00 ▼ 0.82% ALUAR 967.00 ▲ 0.78% TGS 9,660 ▲ 1.68% CEPU 2,356 ▲ 2.93% MIRGOR 16,800 ▼ 1.90% COME 43.17 ▲ 0.51% LOMA NEGRA 3,640 ▲ 1.89% BYMA 293.75 — 0.00% TELECOM ARG 4,248 ▲ 2.47% ECOPETROL 16.48 ▲ 2.81% BANCOLOMBIA 82.97 ▲ 2.66% GRUPO AVAL 5.00 ▲ 1.01% CREDICORP 395.23 ▲ 2.17% SOUTHERN COPPER 185.49 ▲ 5.95% BUENAVENTURA 31.15 ▲ 3.63% MERCADOLIBRE 1,813 ▼ 1.05% NUBANK 14.29 ▲ 2.11% XP 16.74 ▼ 0.36% PAGSEGURO 9.53 ▲ 2.53% STONE 11.26 ▲ 1.26% GLOBANT 31.92 ▼ 1.15% TECNOGLASS 45.77 ▼ 0.74% GAP AIRPORT 217.72 ▲ 0.28% ASUR 272.70 ▼ 0.61% OMA AIRPORT 103.39 ▼ 0.60% AMX ADR 26.00 ▼ 0.38% FEMSA ADR 130.64 ▲ 0.48% CEMEX ADR 12.64 ▲ 1.20% PETROBRAS ADR 18.46 ▲ 1.46% VALE ADR 14.25 ▲ 1.06% ITAU ADR 8.37 ▲ 0.54% SANTANDER BR 5.41 ▲ 0.74% AMBEV ADR 3.10 ▲ 0.65% CSN 1.02 ▲ 0.99% GERDAU 4.70 ▲ 0.43% LATAM ADR 52.23 ▲ 0.95% BTC 66,483 ▲ 1.92% ETH 1,926 ▲ 1.16% SOL 78.10 ▲ 0.40% XRP 1.15 ▲ 3.35% BNB 574.35 ▲ 0.63% ADA 0.17 ▲ 2.31% DOGE 0.07 ▲ 1.69% AVAX 6.63 ▲ 0.82% LINK 8.67 ▲ 1.05% DOT 0.85 ▲ 3.01% LTC 47.70 ▲ 0.77% BCH 225.44 ▲ 2.52% TRX 0.33 ▲ 0.51% XLM 0.19 ▲ 1.92% HBAR 0.07 ▲ 2.74% NEAR 1.94 ▼ 2.00% ATOM 1.49 ▼ 0.14% AAVE 96.20 ▲ 7.16% SELIC 14.25% EMBRAER 83.16 ▼ 0.16% EMBRAER ADR 65.62 ▼ 0.47% JBS 11.81 ▼ 1.83% JBS BDR 59.88 ▼ 1.50% MBRF3 15.17 ▲ 4.48% MBRFY 2.99 ▲ 2.75% INTER 5.55 ▼ 1.33% EGX 53,990 ▲ 1.63% USD/ZAR 16.45 ▼ 0.30% USD/NGN 1,376 ▲ 0.02% NIKKEI 66,232 ▲ 3.26% CSI300 4,739 ▲ 3.06% HSI 25,132 ▼ 0.04% NIFTY 24,188 ▼ 0.21% KOSPI 6,748 ▲ 3.56% JCI 6,340 ▲ 1.74% USD/JPY 163.00 ▲ 0.33% USD/CNY 6.7554 ▼ 0.03% DAX 25,011 ▲ 0.66% CAC 8,363 ▲ 0.28% FTSE 10,586 ▲ 0.58% MIB 52,285 ▲ 0.81% IBEX 19,380 ▲ 0.90% STOXX 643.19 ▲ 0.56% EUR/USD 1.1412 ▼ 0.02% GBP/USD 1.3384 ▼ 0.31% SPX 7,512 ▲ 0.93% DJI 52,350 ▲ 0.99% NDX 29,164 ▲ 1.96% RUT 2,979 ▲ 1.25% TSX 35,332 ▲ 1.06% VIX 17.11 ▼ 8.26% USD/CAD 1.4097 ▲ 0.13% US10Y 4.6300 ▲ 0.70%
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Tuesday, July 21, 2026

Politics - Brazil Brazil Tax reform

The Conservative Campaign: Aiming for Senate Control in Brazil’s Next Election

By · August 19, 2024 · 2 min read

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Despite Senate President Rodrigo Pacheco’s silence on the impeachment request for Justice Alexandre de Moraes, approval appears unlikely.

Brazilian conservatives seek the removal of Supreme Court Justice Moraes because they believe his judicial actions and oversight against them exceed the appropriate limits.

Set for September 9, 2024, Pacheco holds the key to initiating such a motion. Yet, many see him as a formidable barrier to removing a Supreme Court justice, a step favored by many citizens and lawmakers.

Nevertheless, right-wing leaders consider this impeachment campaign a strategic move. Even if it fails, it could bolster their primary objective of winning a Senate majority in the 2026 general elections.

Importantly, 54 of the 81 seats will be available. This offers a chance to alter the Senate’s ideological tilt and influence the election of its next president.

Such changes might facilitate more impeachment attempts against Supreme Court justices.

The Conservative Campaign: Aiming for Senate Control in Brazil's Next Election - The Bolsonaro Family in the Center of the Strategy. (Photo Internet reproduction)
The Conservative Campaign: Aiming for Senate Control in Brazil’s Next Election – The Bolsonaro Family in the Center of the Strategy. (Photo Internet reproduction)
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Parties like the Liberal Party (PL), Progressives (PP), and New Party (Novo) are already positioning strong Senate candidates.

Former President Jair Bolsonaro and PL leader Valdemar Costa Neto have expressed their strategic goals.

Bolsonaro’s strategy involves incorporating family members in the campaign to enhance the Senate’s conservative appeal.

Bolsonaro and his allies argue that winning the presidency would be pointless without a strong Senate majority.

This majority is key for changes in the Supreme Court, where nine of eleven justices aligned with President Lula are seen as hostile to right-leaning groups.

The Conservative Campaign: Aiming for Senate Control in Brazil’s Next Election

The PL, currently with 13 senators, hopes to increase its numbers to at least 50 by the next term. This would enable them to enact constitutional amendments or carry out impeachments.

Key figures in this effort include Michelle Bolsonaro, Deputy Eduardo Bolsonaro, and Senator Flávio Bolsonaro.

They are all preparing for the upcoming elections. Prominent conservatives and centrists are expected to join their ranks, potentially shifting the Senate’s makeup to favor the right-wing bloc.

This strategy extends beyond personal ambitions to a broader conservative agenda. It aims to influence judicial appointments and legislative directions.

As the 2026 elections approach, economic indicators, public perception, and strategic candidate placements will play pivotal roles in determining the success of this right-wing initiative.

The right’s concerted efforts mark a significant shift in Brazilian politics. They reflect deep concerns among government supporters and judiciary members about a potential conservative Senate majority.

Such a majority could transform national policies and judicial perspectives. This looming change underscores the critical role of the Senate in shaping Brazil’s future, affecting both domestic policy and democratic processes.

For the full picture, see our Brazil Tax Reform: Complete Guide.

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