Foreign investors channel R$2.35 bn into Brazil's B3 as inflation eases

In July 2026 Brazil's main stock exchange, B3, recorded a net inflow of roughly R$2.35 billion of foreign capital in the first half‑month, reversing the outflow trend of the previous two months. The reversal followed a June withdrawal of about R$7.78 billion, the largest in almost a year.

Eight of the twelve trading sessions in July saw net purchases, with the largest single‑day inflow of R$1.52 billion on July 10 after the release of June's IPCA inflation data, which showed a slowdown below expectations. Analysts linked the turnaround to a more attractive valuation of the market, lower short‑term inflation, and expectations of a further 0.25‑point cut to the Selic rate in August. They also noted that the geopolitical context, which benefits oil‑exporting countries like Brazil, is supporting the renewed interest, though they caution that the inflow may be temporary and linked to upcoming electoral debates and broader international conditions.