Ibovespa futures opened with a modest high on Wednesday, with investors more optimistic and global markets weighing a risk on the day.
Signals that the US House of Representatives is about to end the longest government shutdown in American history, which has obscured the outlook for the world economy and interfered with the publication of important economic data, were welcomed by investors.
According to local media outlet InfoMoney, the December-dated Ibovespa Futures contract was higher by 0.10% at 160,075 points at 9:04 a.m. (Brasília time).
The mild gain, however, reflected the favourable mood across international markets as news from Washington suggested a political settlement was imminent.
Later in the day, legislation to reopen the government was anticipated to be passed by the Republican-controlled House, which is led by President Donald Trump’s party.
The end of the shutdown may boost investor confidence, allay concerns about budgetary dysfunction, and restore the consistent flow of economic data that policymakers and traders depend on.
Global equities rally amid renewed confidence
Global stock indices increased in anticipation of the US government reopening. Earlier in the afternoon, European stocks hit all-time highs, while Wall Street futures also showed increases.
Dow Jones Futures were up 0.15%, S&P 500 Futures were up 0.25%, and Nasdaq Futures were up 0.46% at the start of New York trade.
Most Asian markets ended the day higher, following the optimistic outlook from the United States.
Investors in the Asia-Pacific area seemed heartened by the possibility of political stability returning to Washington, despite recent mixed results on Wall Street.
Not all business news, though, was positive. After announcing the sale of its entire $5.83 billion holding in Nvidia, the shares of the Japanese corporation SoftBank declined by 10%.
Commodity markets, however, had inconsistent results. Iron ore futures increased in China, while oil prices decreased as traders grew concerned about a potential surplus.
Expectations that Beijing would implement more stimulus policies to boost demand and allay worries about growing stocks and declining consumption drove the iron ore market’s recovery.
Brazilian markets focus on the Central Bank and the earnings season
Investors in the country concentrated on statements made by Gabriel Galáolo, the president of the Central Bank.
Following the release of the minutes from the Monetary Policy Committee’s meeting a day earlier, markets are curious to hear whether or not Galípolo expresses concerns about the direction of inflation and interest rates.
Galípolo was due to speak twice on Wednesday, first to hold a morning press conference on the Financial Stability Report at the headquarters of the Central Bank in Brasília, and later at the “Monetary Policy in Brazil” panel during the Investment Forum 2026 in São Paulo, organised by Bradesco Asset Management.
Market participants were looking for insights into how the Central Bank views inflationary pressures and growth prospects well into 2026 from his comments.
Apart from monetary policy, corporate earnings had been a major factor behind market sentiment. The reporting season continued for third-quarter numbers, and Banco do Brasil (BBAS3)was one of the highlights for the day.
Analysts at the time expected the bank’s numbers to move the financial sector as a whole on the B3.
Political sentiment and currency movements
Investors examined the most recent Genial/Quaest poll data, which showed a slight decline in President Luiz Inácio Lula da Silva’s favour in Brazil.
After reaching a peak in October, favourable evaluations of Lula’s administration returned to September levels in November. Although the data skewed the mood slightly, it probably had little effect on overall market expectations.
As for currency, the dollar futures contract with the nearest maturity rose 0.05% to R$5.298. The modest change embodied a careful perspective among both global bulls and domestic bears.
Wednesday’s session kicked off with a tone somewhere between cautious optimism, given the global political relief, and local caution on the economic front.
Investors focusing on Washington and Brasília will notice a small increase in the Ibovespa Futures on the day, which keeps the market balanced between optimism and realism.
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