Brazil's Stock Market Slips a Third Day on Rate Worries

Friday, May 29, 2026 · Covering Thursday May 28 session

Summary

Brazil stock market report: the Ibovespa fell 0.39% to 175,063.41 on Thursday May 28, a third straight decline as Iran retaliation against a US air base revived stagflation fears and a hotter IGP-M pushed Citi to raise its year-end Selic forecast to 13.75% from 13.25%. The real held flat near 5.04, decoupling from the equity slide. Banks led the losers, Petrobras fell with crude, only Vale gained. The slide is shallow but persistent, momentum oversold yet still pointing down.

The Big Three

The Ibovespa closed at 175,063.41, down 0.39% in a 174,686 to 176,627 range, a third consecutive losing session that leaves the index below the moving-average cluster from 176,045 to 179,868.