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Brazil markets: Dollar exceeds R$ 5 and Ibovespa falls amid election uncertainty
The Brazilian financial market experienced volatility on Tuesday following a national holiday, as the US dollar rose to close above the R$ 5 mark. The commercial dollar saw an increase of approximately 0.74%, reaching R$ 5.023, despite a weakening trend for the greenback against other global currencies.
The Ibovespa index fell by 1.04%, closing at 206,887.52 points. This decline follows a period of record highs and is attributed to profit-taking by investors and caution regarding the upcoming presidential election. Market participants are closely monitoring new polling data that indicates a tight race between Senator Flávio Bolsonaro and President Luiz Inácio Lula da Silva.
Specific sector movements included a decline in major banking stocks and Vale, which was pressured by falling iron ore prices. Conversely, Petrobras and Prio saw gains, helping to mitigate deeper losses in the index. Additionally, the Central Bank cancelled a regular currency swap auction due to technical issues.
Entities
B3 · BTG/Nexus · Banco Central do Brasil · Brazil · Datafolha · Flávio Bolsonaro · Ibovespa · International Monetary Fund · Luiz Inácio Lula da Silva · Vale
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] The US dollar rose in early trading on Tuesday following the holiday. imprensapublica.com.br · dropsdejogos.uai.com.br · ohoje.com
- [● 2 SOURCES] The International Monetary Fund has reduced its growth projections for the Brazilian economy this year. dropsdejogos.uai.com.br · ohoje.com
- [○ 1 SOURCE] B3 has launched four new US Treasury futures contracts for trading in Brazilian reais. www.infomoney.com.br
- [● 3 SOURCES] A Datafolha survey indicates Flávio Bolsonaro has 49% of voting intentions compared to 45% for Lula. dropsdejogos.uai.com.br · ohoje.com · imprensapublica.com.br
- [● 21 SOURCES] A BTG/Nexus survey shows Flávio Bolsonaro leading Luiz Inácio Lula da Silva 52% to 48% in valid votes for the presidency. imprensapublica.com.br · www.acessa.com · informa1.com.br · jornalenoticias.com.br · maisminas.com.br · +12 more
- [○ 1 SOURCE] The average daily volume of commodity derivatives traded on B3 reached 34,000 contracts in September.
- [● 20 SOURCES] The Ibovespa index closed down 1.04% at 206,887.52 points. dev.tnonline.com.br · www.acessa.com · informa1.com.br · jornalenoticias.com.br · maisminas.com.br · +9 more
- [● 5 SOURCES] A PoderData/Ayaya survey shows Flávio Bolsonaro with 51% of valid votes against 49% for Lula. aredacao.com.br · dev.tnonline.com.br
- [● 19 SOURCES] The US dollar closed up 0.74% at R$ 5.023. www.acessa.com · maisminas.com.br · paraonline.com.br · portalacontecern.com.br · mrnews.com.br · +12 more
- [● 19 SOURCES] The Ibovespa index fell 1.04% to 206,887.52 points. www.acessa.com · maisminas.com.br · paraonline.com.br · portalacontecern.com.br · mrnews.com.br · +10 more
- [○ 1 SOURCE] The average daily volume of all derivatives traded on B3 grew compared to the previous year.
- [○ 1 SOURCE] The rise in the US dollar was driven by profit-taking following recent election polls. aredacao.com.br