Key Facts
The Selic wager is now two-sided, with markets split between holding at 14.00% and a fifth straight quarter-point cut when the central bank meets this month, so rate-sensitive names will trade on that tension today.
Today’s Brazilian data is the 10:00 am S&P Global services and composite PMIs, which should show whether the economy’s pulse is strong enough to keep inflation pressure alive and complicate the Copom’s path.
CSN is the standout corporate story, with Benjamin Steinbruch handing the chief executive role to Fabio Schvartsman, the former Vale boss, a transition that resets strategy expectations for the steel and mining group.
BB Seguridade is scheduled to distribute, with its payout landing today as part of a dividend wave that has already swept through Vale, Bradesco and Banestes this week.
