Ibovespa falls for the sixth session in a row and reaches its lowest close since January

In the first trading session of November, held on Tuesday (3), the Ibovespa posted its sixth consecutive drop and ended at 165,528.92 points, with a decline of 1.42%. InfoMoney points out that this was the lowest closing level since January 19th. Times Brasil remembers the series of losses, which continues to put pressure on the index amid doubts about the government's accounts and interest rates.

Throughout the day, the index hit 164,446.53 points at the bottom and 168,005.46 points at the top. R$32.4 billion were traded in the period, and Times Brasil highlights that this was the first day of operations after the All Souls' Day holiday. The December contract for the mini-index, identified as WINZ26, fell 1.44% and was traded at 168,035 points in the last round, according to InfoMoney.

Among companies, the biggest weight came from Petrobras (PETR4), Vale (VALE3) and the banking sector. On the opposite side, WEG (WEGE3), Embraer (EMBJ3) and Santander (SANB11) cushioned the fall, according to the same article.

According to InfoMoney, the market points to concerns about fiscal balance, the discussion about the rapid pace of Selic cuts, the lack of definition by the economic team and the rise in future interest rates combined with the appreciation of the American currency. Times Brasil adds to this picture the doubt about the direction that the future Lula (PT) government will give to the economy, in addition to rumors about how the Selic will be conducted. In this scenario, Lara Resende's suggestion for interest rates is the target of criticism, according to InfoMoney, and is also on the agenda of Times Brasil.

In currency, the spot dollar gained 0.79% and was traded at R$5.4872, the highest value recorded after December 30, 2025, according to Money Times. In the same survey, the Focus Bulletin started to project the IPCA for 2026 at 5.22%, compared to 5.19% previously, and that for 2027 at 4.76%, up from 4.34%. In New York, Wall Street did not have a clear direction: investors are following the American mid-term legislative elections and the fall in oil prices, reports InfoMoney.

What changes for the investor

The situation combines two pressures that tend to reinforce each other: uncertainty about public accounts and rising future interest rates. When expected inflation rises, as shown in the Focus review for 2026 and 2027, the market tends to question the rate of fall in the Selic, and this can weigh on shares, especially those most sensitive to the cost of credit. The dollar, at its highest since December, adds yet another volatility factor. Those who operate the mini-index should expect broad movements linked to fiscal numbers, upcoming interest rate decisions and signals from the future government about the direction of the economy, without this pointing to where prices will go.

Automatically translated from Portuguese.