Ibovespa closes down 1.50%, and the dollar rises 1.10% to R$5.50; Nasdaq futures advance 0.69%

The Ibovespa closed this Tuesday (3) at 165,404.45 points, down 1.50%, and the dollar ended at R$5.50, up 1.10%. Outside, the picture was mixed: Nasdaq and S&P 500 futures advanced, and Dow futures retreated.

Brazil: falling stock market, rising dollar

The Brazilian stock exchange extended a difficult period. According to InfoMoney, based on a report from Itaú BBA, the Ibovespa fell 9.9% in October, with the export and dividend baskets resisting better. Stocks linked to the domestic cycle and with greater risk were among the biggest decliners.

Regarding interest and inflation, the Focus bulletin raised projections for both variables and reduced GDP projections. In the fiscal field, the government must send the Selective Tax rate to Congress. According to InfoMoney, the economic team is also studying changing the rules for health and education spending for the 2027 fiscal adjustment, but the proposal has not yet been formalized.

Outside: Nasdaq rises, Dow falls

The Nasdaq futures closed at 28,320.75 points (+0.69%), and the Micro Nasdaq futures at 28,323.00 (+0.70%). The S&P 500 futures rose 0.29% to 7,596.50 points, while the Dow futures fell 0.55% to 51,846.00. The VIX fell 1.99% to 20.73.

The 10-year Treasury was at 4.95, up 1.19%, and the DXY index advanced 0.12%, to 101.87. WTI oil rose 0.10% to US$96.56. According to our newsroom, the barrel is close to a four-week low, pressured by peace negotiations in Ukraine and Iran, while recent attacks threaten supplies. Gold lost 0.95% to $3,932.00 and Bitcoin gained 1.45% to $77,792.16.

Other important matters

In the crypto market, custody became the center of dispute after a US$6.3 billion hack. Binance has already replaced 98% of the affected assets, and the episode reignites the debate about who keeps digital money. In the US, shares of Fannie Mae and Freddie Mac have risen more than 60% since October 14, and Bill Ackman sees the midterm elections as a chance to remove the companies from government tutelage.

In geopolitics, Greenland approved a security agreement with Denmark and the United States, which expands the American military presence on the island and maintains autonomy under Danish control. In Brazil, BTG Pactual listed 10 shares to position itself after the elections, with potential for an increase of up to 83%, according to Money Times.

What to follow

The focus is on the counting of the US midterm elections, held this Tuesday. There is no single national counting procedure, and the pace changes from state to state, which can take days. Also on the radar are peace negotiations in Ukraine and Iran, the Selective Tax rate to be sent to Congress and the eventual formalization of changes in health and education spending.

Automatically translated from Portuguese.