Nasdaq futures fall 1.70% with strong GDP and rising inflation in the US; Ibovespa remains stable and the dollar rises to R$ 5.36
Opening mixes American GDP of 3.4% and accelerated PCE with ECB on pause and Lagarde on her way out; Ibovespa operates practically stable and oil drops 2.44%
BY THE X-TRADER NEWS NEWSROOM · 3 MIN
Markets open Thursday (29) with risk aversion abroad and relative stability in Brazil. The Nasdaq future drops 1.70%, to 29,469.50 points, while the Ibovespa oscillates close to stability (−0.04%), at 170,933.73 points. The dollar rises 0.21%, to R$5.36.
The backdrop is the American data released as a whole: US GDP accelerated to 3.4% in the third quarter, the fastest pace in almost three years, and the Fed's preferred inflation rose 0.5% in September, with the core inflation rising 3.1% in 12 months.
Brazil: Ibovespa stable, dollar rising and fiscal agenda
In the local market, the Ibovespa opens without a defined direction, while the dollar advances amid Brazilian politics and awaiting American data. The DXY index, which measures the dollar against a basket of currencies, rose 0.10% to 102.30.
In fiscal news, the central government recorded a primary surplus of R$4.839 billion in September, above the R$4.650 billion expected by economists consulted by Reuters. The result reversed the deficit of R$14.379 billion from September 2025, with revenues increasing in real terms by 13.6%. The credit stock also increased 0.4% in the month, to R$7.444 trillion, driven by free credit and companies.
On the political front, PL president Valdemar said “I didn't like” Senator Flávio's letter, which exposes the party's crisis with Bolsonaro. UBS GWM assesses that the letter should not affect asset prices. On another front, the TCU calculates a rate of 11.3% for CBS, above the reference of 9.21%, and the Senate has until December 15th to define the 2027 rate.
Abroad: technology under pressure, falling interest rates and oil
In the United States, futures follow the Nasdaq in a negative sign: the S&P 500 future falls 0.57%, to 7,739.00 points, and the Dow future drops 0.52%, to 52,424.00 points. The 10-year Treasury yield drops 1.33% to 4.98. The Fed maintains interest rates and awaits new data before taking the next step.
WTI oil falls 2.44%, to US$ 100.27. Gold loses 0.26%, to US$4,041.20, and bitcoin loses 1.61%, to US$79,950.27.
In Europe, the ECB kept interest rates at 2.5%, in line with expectations, with euro zone inflation at 3.8% and energy putting pressure on prices. President Christine Lagarde announced that she will leave office in February 2027, on the same date as the decision, with a press conference shortly afterwards.
What to follow
The market is observing the unfolding of the crisis in the PL and the definition of the CBS rate for 2027, with a deadline in the Senate until December 15th. Also on the radar are upcoming data from the Fed, which is awaiting new information before deciding interest rates, and the effects of energy inflation in Europe and the USA. The risks cited include the real, fiscal expectations and the persistence of inflation.
Automatically translated from Portuguese.
