IPCA accelerated to 0.52% in December; Central Bank’s inflation target was set at 3%, with a tolerance of up to 4.5% 01/10/2025 Brazil’s official inflation rate, measured by the Broad National Consumer Price Index (IPCA), accelerated to 0.52% in December 2024, up from 0.39% in November. This brought the IPCA to a year-end increase of […]
Iron ore outlook for 2025 fuels pessimism for sector stocks; banks slash target prices 01/08/2025 Vale’s market capitalization dropped below $40 billion for the first time since 2016, according to Citi, and continued to decline on Monday (6), reaching $36.8 billion, based on Valor Data. Brazil’s mining giant now lags significantly behind its Australian competitors, […]
Last month, monetary authority sold $21.57bn in the spot market to counter a record $26.41bn outflow 01/09/2025 The Central Bank of Brazil carried out its largest monthly intervention in the spot dollar market in December 2024, marking the most significant activity since the country adopted the floating exchange rate in 1999. The monetary authority sold […]
Plan includes temporary cap on ministry budgets while awaiting congressional budget approval 01/08/2025 The Brazilian government is considering issuing a decree to impose stricter rules on public spending at the beginning of the year, as it awaits Congress’s approval of the Annual Budget Act (PLOA). The proposed decree would limit ministries to spending no more […]
Amount has not been disclosed; deal pending approval by antitrust regulator 01/07/2025 Ambev has decided to sell its juice brand Do Bem, acquired in 2016, to the Brazilian company Tial. According to Ambev, the agreement has been signed and is pending approval from the antitrust watchdog CADE. The amount involved in the deal has not […]
Despite a 24.6% drop, 2024 posts second-best performance; exchange rate and U.S.-China tensions add to doubts 01/07/2025 Brazil’s trade surplus for 2024 reached $74.55 billion, a 24.6% drop from the record-breaking $98.9 billion in 2023. Despite the decline, 2024 still secured the second-highest trade surplus since official records began, in 1997, according to the Ministry […]
Monetary authority sold $21.574bn in the spot market and $11bn in line auctions 01/06/2025 Currency interventions conducted by Brazil’s Central Bank in December decreased international reserves by $33.3 billion in one month, bringing the total to $329.7 billion by the end of 2024. At the end of November, the reserves level was $363 billion. Despite […]
Institutional investors follow suit, ending the year with net withdrawals on the secondary market 01/06/2025 The turbulence triggered by the government’s unveiling of weaker-than-expected fiscal measures, anticipation of aggressive protectionist policies from Donald Trump, and rising Selic rates kept foreign investors at bay from Brazil’s stock market throughout 2024. Data from B3, the Brazilian stock […]
MURRAY ADVOGADOS
By November’s close, 98 companies had approved programs, marking a 20% increase over 2023 12/30/2024 Amid one of the leanest periods for stock offerings on the Brazilian exchange, banks are witnessing a notable surge in share buybacks within their brokerage divisions. With market valuations depressed and no clear signs of recovery, companies are ramping up […]