Brazil Macro Daily(Beta Mode)
Brazil Markets Mixed on Commodities
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| Bovespa | 188,052.00 | +0.05% |
| USD/BRL | 5.16 | +0.05% |
| EUR/BRL | 5.95 | +0.12% |
| Vale | 15.91 | +5.36% |
| Petrobras | 20.75 | -0.29% |
| WTI Crude | 109.46 | -1.86% |
| Gold | 4,723.50 | +1.55% |
| Bitcoin | 69,239.75 | +0.37% |
| Brazil Short-term Rate | 15.00% | +0.00% |
| Brazil Long-term Rate | - | - |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
Brazil Exports Value | Type: macro_line | Exports USD: 3.267e+10 (2026-02-01) | Range: 2.146e+10–3.267e+10 | Trend(6pt): 2.491e+10,2.853e+10,2.84e+10,2.973e+10,2.95e+10,3.267e+10
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| S&P Global Services PMI | 53.10 | - | 05:00 |
| Tuesday (2026-04-07) | |||
| Trade Balance | 4,210m | - | 10:00 |
| Thursday (2026-04-09) | |||
| Retail Sales Month-over-Month | 0.40 | - | 04:00 |
| Friday (2026-04-10) | |||
| Inflation Rate Month-over-Month | 0.70 | - | 04:00 |
| Inflation Rate Year-over-Year | 3.81 | - | 04:00 |
| Business Confidence Index | 46.60 | - | 06:00 |
- Bovespa inched up 0.05% amid mining gains, with Vale surging 5.36%; currency pairs saw slight upticks reflecting modest BRL depreciation.
- Key news includes biomass bioeconomy plan for 2035 growth and presidential vows to shield economy from West Asia conflicts.
- Today's S&P Global Services PMI at 05:00 ET may signal service sector health amid high rates.
Yesterday's Recap
Brazilian markets ended with modest gains, as the Bovespa index rose 0.05% to 188,052, driven by robust mining sector performance. Vale shares jumped 5.36% to 15.91, fueled by commodity demand. The USD/BRL pair edged up 0.05% to 5.16, indicating slight BRL depreciation amid global risk aversion, while EUR/BRL increased 0.12% to 5.95.
Petrobras declined 0.29% to 20.75, weighed down by a 1.86% drop in WTI crude to 109.46. Gold advanced 1.55% to 4,723.50, bolstering safe-haven appeal and supporting exporters. Bitcoin rose 0.37% to 69,239.75, while Brazil's short-term rate remained unchanged at 15.00%.
No significant data releases occurred, allowing focus on fiscal optimism and commodity trends. The session underscored export-linked equity resilience despite international uncertainties.
The Day Ahead
Today's highlight is the S&P Global Services PMI at 05:00 ET, with a prior reading of 53.1, providing clues on service sector strength under elevated rates. Tomorrow features the Trade Balance at 10:00 ET, following a previous surplus of 4.21 billion, which may highlight commodity export trends like iron ore and soybeans. Thursday brings Retail Sales MoM at 04:00 ET, with prior growth of 0.4%, shedding light on consumer spending.
Friday includes Inflation Rate MoM and YoY at 04:00 ET, with previous figures of 0.7% and 3.81%, essential for assessing inflation dynamics. Also on Friday, the Business Confidence Index at 06:00 ET follows 46.6, gauging private sector outlook. These releases could influence Selic expectations and fiscal views.
Other Economic Notes
Brazil's biomass-focused bioeconomy plan targets growth by 2035, harnessing renewables to enhance exports and reduce reliance on oil and iron ore. The president pledged to safeguard the economy from West Asia conflict impacts, focusing on trade and energy stability. Visa-free access expansion to nations like Mexico, Iceland, South Korea, Poland, Singapore, Portugal, and Jamaica is boosting tourism, aiding service recovery and forex inflows.
Iraq-Brazil trade gap reached $1.48 billion, signaling potential shifts in bilateral exchanges for goods like soybeans and meat.
