IBOV 174,041.95 ▼ 1.52% IPSA 10,950.74 ▲ 0.31% IPC MEX 66,383.68 ▲ 0.21% MERVAL 3,283,854 ▼ 1.07% COLCAP 2,274.53 ▼ 0.38% BVL PERÚ 58,287.01 — — USD/BRL5.08▼ 0.24% USD/MXN17.49▲ 0.09% USD/CLP 948.45 — 0.00% USD/COP3,218▲ 0.16% USD/PEN3.40▲ 0.13% USD/ARS1,496▲ 0.47% USD/UYU40.14▲ 1.38% USD/PYG6,022▲ 1.26% USD/BOB11.18▲ 4.51% USD/DOP57.99▼ 0.28% USD/CRC449.17▲ 1.76% USD/GTQ7.63▲ 2.33% USD/HNL26.75▲ 0.82% USD/NIO36.62▲ 0.51% USD/VES740.37▲ 0.46% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.29▲ 0.11% USD/TTD6.71▲ 0.92% EUR/BRL5.78▲ 0.08% BRENT 96.78 ▼ 3.88% WTI 89.31 ▼ 3.12% IRON ORE 161.91 — — COPPER 6.36 ▲ 0.83% GOLD 4,071 ▲ 0.60% SILVER 58.91 ▲ 1.92% SOY 1,254 ▲ 1.29% CORN 487.25 ▲ 5.01% WHEAT 678.00 ▼ 2.62% COFFEE 298.25 ▼ 3.60% SUGAR 14.76 ▲ 0.48% ORANGE JUICE 142.65 ▼ 2.83% COTTON 79.89 ▲ 0.06% COCOA 5,467 ▲ 3.13% BEEF 222.50 ▼ 1.29% CATTLE 341.45 ▼ 0.68% LITHIUM 67.81 ▼ 1.75% PETR4 42.21 ▼ 1.72% VALE3 75.24 ▼ 0.58% ITUB4 42.10 ▼ 1.08% BBDC4 18.48 ▼ 1.28% ABEV3 15.64 ▼ 1.76% BBAS3 20.35 ▼ 2.77% B3SA3 15.44 ▼ 1.34% WEGE3 45.99 ▲ 0.70% PRIO3 58.82 ▼ 2.84% SUZB3 41.84 ▼ 1.39% RENT3 36.89 ▼ 0.67% AZZA3 16.65 ▼ 2.35% CSAN3 3.80 ▼ 2.56% RAIZ4 0.26 ▼ 3.70% PCAR3 2.79 ▼ 2.79% GMAT3 3.79 ▼ 2.07% PSSA3 54.78 ▼ 0.72% CVCB3 1.34 ▲ 2.29% POSI3 3.55 ▼ 3.27% SLCE3 13.64 ▼ 0.94% NATU3 8.38 ▼ 2.10% BRKM5 6.10 ▼ 1.13% RANI3 7.95 ▲ 0.25% CSNA3 5.36 ▲ 1.13% CMIN3 5.69 ▼ 2.40% USIM5 8.48 ▼ 0.12% GGBR4 24.26 ▲ 0.83% ENEV3 24.90 ▼ 3.11% CPFE3 45.09 ▼ 2.44% CMIG4 10.98 ▼ 1.88% EQTL3 38.34 ▼ 1.74% LREN3 13.27 ▼ 0.75% VIVT3 35.47 ▲ 2.22% RAIL3 13.57 ▼ 2.79% KLABIN 17.52 ▼ 0.79% RAIA DROGASIL 17.98 ▼ 1.15% RDOR3 33.38 ▼ 0.86% HAPV3 9.92 ▼ 5.25% FLRY3 16.26 ▼ 1.93% SMTO3 15.05 ▼ 4.20% UGPA3 32.71 ▼ 2.04% VBBR3 35.10 ▼ 1.40% BBSE3 41.49 ▼ 2.15% BPAC11 54.67 ▼ 2.90% CURY3 29.35 ▼ 0.91% AERI3 2.04 ▲ 0.99% VIVARA 21.42 ▼ 0.14% COMPASS 24.76 ▼ 1.28% VAMOS 3.15 ▼ 1.87% SANB11 26.34 ▼ 1.09% ASAI3 7.85 ▼ 2.12% SBSP3 28.38 ▼ 1.29% WALMEX 48.00 ▲ 1.39% GMEXICO 207.28 ▼ 0.94% FEMSA 221.92 ▼ 0.19% CEMEX 21.18 ▼ 1.40% GFNORTE 193.04 ▲ 2.00% BIMBO 58.26 ▼ 1.39% TELEVISA 9.73 ▼ 0.61% AMX 22.80 ▲ 0.18% GAP 377.44 ▲ 0.26% ASUR 267.99 ▼ 0.69% OMA 226.14 ▼ 0.51% KOF 179.29 ▼ 0.23% GRUMA 268.70 ▼ 0.09% KIMBER 39.70 ▲ 1.10% SQM-B 65,350 ▼ 0.23% COPEC 6,330 ▲ 1.12% BSANTANDER 79.32 ▼ 0.85% FALABELLA 5,990 ▼ 1.12% ENELAM 85.49 ▲ 0.58% CENCOSUD 1,958 ▼ 0.51% CMPC 1,025 ▼ 2.47% BANCO CHILE 193.10 ▲ 1.25% LATAM AIR 23.88 ▲ 1.62% YPF 82,000 ▼ 0.58% GGAL 7,890 ▼ 0.69% PAMPA 5,515 ▼ 2.04% TXAR 675.00 ▼ 0.74% ALUAR 972.00 ▼ 1.07% TGS 9,765 ▼ 2.30% CEPU 2,365 ▼ 2.27% MIRGOR 16,525 ▼ 1.20% COME 42.41 ▼ 0.28% LOMA NEGRA 3,623 ▼ 3.78% BYMA 299.75 ▲ 2.48% TELECOM ARG 4,380 ▲ 1.27% ECOPETROL 16.01 ▼ 1.96% BANCOLOMBIA 86.01 ▼ 0.90% GRUPO AVAL 4.79 ▼ 3.04% CREDICORP 388.77 ▲ 0.29% SOUTHERN COPPER 179.29 ▼ 1.61% BUENAVENTURA 30.91 ▼ 1.31% MERCADOLIBRE 1,801 ▲ 0.15% NUBANK 14.09 ▼ 0.70% XP 16.69 ▼ 0.83% PAGSEGURO 9.20 — 0.00% STONE 10.76 ▼ 2.00% GLOBANT 31.30 ▲ 2.25% TECNOGLASS 45.30 ▲ 3.57% GAP AIRPORT 216.28 ▲ 0.39% ASUR 267.99 ▼ 0.69% OMA AIRPORT 103.43 — 0.00% AMX ADR 26.01 ▲ 0.23% FEMSA ADR 127.12 ▲ 0.03% CEMEX ADR 12.06 ▼ 1.63% PETROBRAS ADR 18.77 ▼ 1.21% VALE ADR 14.79 ▼ 0.27% ITAU ADR 8.28 ▼ 0.84% SANTANDER BR 5.30 ▼ 1.21% AMBEV ADR 3.06 ▼ 0.97% CSN 1.08 ▲ 1.89% GERDAU 4.81 ▲ 0.84% LATAM ADR 50.15 ▲ 0.62% BTC 64,396 ▲ 0.46% ETH 1,877 ▲ 0.91% SOL 74.81 ▲ 1.26% XRP 1.10 ▲ 0.78% BNB 569.77 ▲ 0.96% ADA 0.16 ▲ 0.41% DOGE 0.07 ▲ 3.62% AVAX 6.77 ▲ 7.51% LINK 8.38 ▲ 0.52% DOT 0.81 ▲ 0.71% LTC 46.62 ▲ 0.64% BCH 209.08 ▼ 0.71% TRX 0.33 ▲ 0.17% XLM 0.18 ▼ 0.16% HBAR 0.07 ▼ 0.51% NEAR 1.79 ▼ 0.77% ATOM 1.39 ▼ 0.47% AAVE 92.24 ▼ 0.87% SELIC 14.25% EMBRAER 82.50 ▼ 1.08% EMBRAER ADR 64.93 ▼ 0.82% JBS 12.28 ▲ 1.24% JBS BDR 62.04 ▲ 0.36% MBRF3 14.84 ▼ 4.81% MBRFY 2.94 ▼ 0.34% INTER 5.29 ▼ 3.11% EGX 53,932 ▼ 0.11% USD/ZAR16.82▲ 0.03% USD/NGN1,363▼ 0.44% NIKKEI 64,611 ▼ 2.73% CSI300 4,649 ▼ 1.67% HSI 24,963 ▼ 0.98% NIFTY 23,767 ▼ 0.43% KOSPI 6,691 ▼ 5.72% JCI 6,196 ▼ 1.88% USD/JPY163.79▼ 0.04% USD/CNY6.76▼ 0.15% DAX 25,099 ▲ 1.36% CAC 8,372 ▲ 0.88% FTSE 10,736 ▲ 0.91% MIB 51,802 ▲ 0.95% IBEX 19,585 ▲ 1.65% STOXX 644.51 ▲ 0.82% EUR/USD1.14▼ 0.02% GBP/USD1.33▲ 0.06% SPX 7,412 ▲ 0.05% DJI 51,947 ▲ 0.46% NDX 28,128 ▼ 1.15% RUT 2,930 ▼ 0.35% TSX 35,369 ▲ 0.50% VIX 18.58 ▼ 0.64% USD/CAD1.41— 0.00% US10Y 4.6790 ▼ 0.51% IBOV 174,041.95 ▼ 1.52% IPSA 10,950.74 ▲ 0.31% IPC MEX 66,383.68 ▲ 0.21% MERVAL 3,283,854 ▼ 1.07% COLCAP 2,274.53 ▼ 0.38% BVL PERÚ 58,287.01 — — USD/BRL 5.08 ▼ 0.24% USD/MXN 17.49 ▲ 0.09% USD/CLP 948.45 — 0.00% USD/COP 3,218 ▲ 0.16% USD/PEN 3.40 ▲ 0.13% USD/ARS 1,496 ▲ 0.47% USD/UYU 40.14 ▲ 1.38% USD/PYG 6,022 ▲ 1.26% USD/BOB 11.18 ▲ 4.51% USD/DOP 57.99 ▼ 0.28% USD/CRC 449.17 ▲ 1.76% USD/GTQ 7.63 ▲ 2.33% USD/HNL 26.75 ▲ 0.82% USD/NIO 36.62 ▲ 0.51% USD/VES 740.37 ▲ 0.46% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.29 ▲ 0.08% USD/TTD 6.71 ▲ 0.68% EUR/BRL 5.78 ▲ 0.08% BRENT 96.78 ▼ 3.88% WTI 89.31 ▼ 3.12% IRON ORE 161.91 — — COPPER 6.36 ▲ 0.83% GOLD 4,071 ▲ 0.60% SILVER 58.91 ▲ 1.92% SOY 1,254 ▲ 1.29% CORN 487.25 ▲ 5.01% WHEAT 678.00 ▼ 2.62% COFFEE 298.25 ▼ 3.60% SUGAR 14.76 ▲ 0.48% ORANGE JUICE 142.65 ▼ 2.83% COTTON 79.89 ▲ 0.06% COCOA 5,467 ▲ 3.13% BEEF 222.50 ▼ 1.29% CATTLE 341.45 ▼ 0.68% LITHIUM 67.81 ▼ 1.75% PETR4 42.21 ▼ 1.72% VALE3 75.24 ▼ 0.58% ITUB4 42.10 ▼ 1.08% BBDC4 18.48 ▼ 1.28% ABEV3 15.64 ▼ 1.76% BBAS3 20.35 ▼ 2.77% B3SA3 15.44 ▼ 1.34% WEGE3 45.99 ▲ 0.70% PRIO3 58.82 ▼ 2.84% SUZB3 41.84 ▼ 1.39% RENT3 36.89 ▼ 0.67% AZZA3 16.65 ▼ 2.35% CSAN3 3.80 ▼ 2.56% RAIZ4 0.26 ▼ 3.70% PCAR3 2.79 ▼ 2.79% GMAT3 3.79 ▼ 2.07% PSSA3 54.78 ▼ 0.72% CVCB3 1.34 ▲ 2.29% POSI3 3.55 ▼ 3.27% SLCE3 13.64 ▼ 0.94% NATU3 8.38 ▼ 2.10% BRKM5 6.10 ▼ 1.13% RANI3 7.95 ▲ 0.25% CSNA3 5.36 ▲ 1.13% CMIN3 5.69 ▼ 2.40% USIM5 8.48 ▼ 0.12% GGBR4 24.26 ▲ 0.83% ENEV3 24.90 ▼ 3.11% CPFE3 45.09 ▼ 2.44% CMIG4 10.98 ▼ 1.88% EQTL3 38.34 ▼ 1.74% LREN3 13.27 ▼ 0.75% VIVT3 35.47 ▲ 2.22% RAIL3 13.57 ▼ 2.79% KLABIN 17.52 ▼ 0.79% RAIA DROGASIL 17.98 ▼ 1.15% RDOR3 33.38 ▼ 0.86% HAPV3 9.92 ▼ 5.25% FLRY3 16.26 ▼ 1.93% SMTO3 15.05 ▼ 4.20% UGPA3 32.71 ▼ 2.04% VBBR3 35.10 ▼ 1.40% BBSE3 41.49 ▼ 2.15% BPAC11 54.67 ▼ 2.90% CURY3 29.35 ▼ 0.91% AERI3 2.04 ▲ 0.99% VIVARA 21.42 ▼ 0.14% COMPASS 24.76 ▼ 1.28% VAMOS 3.15 ▼ 1.87% SANB11 26.34 ▼ 1.09% ASAI3 7.85 ▼ 2.12% SBSP3 28.38 ▼ 1.29% WALMEX 48.00 ▲ 1.39% GMEXICO 207.28 ▼ 0.94% FEMSA 221.92 ▼ 0.19% CEMEX 21.18 ▼ 1.40% GFNORTE 193.04 ▲ 2.00% BIMBO 58.26 ▼ 1.39% TELEVISA 9.73 ▼ 0.61% AMX 22.80 ▲ 0.18% GAP 377.44 ▲ 0.26% ASUR 267.99 ▼ 0.69% OMA 226.14 ▼ 0.51% KOF 179.29 ▼ 0.23% GRUMA 268.70 ▼ 0.09% KIMBER 39.70 ▲ 1.10% SQM-B 65,350 ▼ 0.23% COPEC 6,330 ▲ 1.12% BSANTANDER 79.32 ▼ 0.85% FALABELLA 5,990 ▼ 1.12% ENELAM 85.49 ▲ 0.58% CENCOSUD 1,958 ▼ 0.51% CMPC 1,025 ▼ 2.47% BANCO CHILE 193.10 ▲ 1.25% LATAM AIR 23.88 ▲ 1.62% YPF 82,000 ▼ 0.58% GGAL 7,890 ▼ 0.69% PAMPA 5,515 ▼ 2.04% TXAR 675.00 ▼ 0.74% ALUAR 972.00 ▼ 1.07% TGS 9,765 ▼ 2.30% CEPU 2,365 ▼ 2.27% MIRGOR 16,525 ▼ 1.20% COME 42.41 ▼ 0.28% LOMA NEGRA 3,623 ▼ 3.78% BYMA 299.75 ▲ 2.48% TELECOM ARG 4,380 ▲ 1.27% ECOPETROL 16.01 ▼ 1.96% BANCOLOMBIA 86.01 ▼ 0.90% GRUPO AVAL 4.79 ▼ 3.04% CREDICORP 388.77 ▲ 0.29% SOUTHERN COPPER 179.29 ▼ 1.61% BUENAVENTURA 30.91 ▼ 1.31% MERCADOLIBRE 1,801 ▲ 0.15% NUBANK 14.09 ▼ 0.70% XP 16.69 ▼ 0.83% PAGSEGURO 9.20 — 0.00% STONE 10.76 ▼ 2.00% GLOBANT 31.30 ▲ 2.25% TECNOGLASS 45.30 ▲ 3.57% GAP AIRPORT 216.28 ▲ 0.39% ASUR 267.99 ▼ 0.69% OMA AIRPORT 103.43 — 0.00% AMX ADR 26.01 ▲ 0.23% FEMSA ADR 127.12 ▲ 0.03% CEMEX ADR 12.06 ▼ 1.63% PETROBRAS ADR 18.77 ▼ 1.21% VALE ADR 14.79 ▼ 0.27% ITAU ADR 8.28 ▼ 0.84% SANTANDER BR 5.30 ▼ 1.21% AMBEV ADR 3.06 ▼ 0.97% CSN 1.08 ▲ 1.89% GERDAU 4.81 ▲ 0.84% LATAM ADR 50.15 ▲ 0.62% BTC 64,396 ▲ 0.46% ETH 1,877 ▲ 0.91% SOL 74.81 ▲ 1.26% XRP 1.10 ▲ 0.78% BNB 569.77 ▲ 0.96% ADA 0.16 ▲ 0.41% DOGE 0.07 ▲ 3.62% AVAX 6.77 ▲ 7.51% LINK 8.38 ▲ 0.52% DOT 0.81 ▲ 0.71% LTC 46.62 ▲ 0.64% BCH 209.08 ▼ 0.71% TRX 0.33 ▲ 0.17% XLM 0.18 ▼ 0.16% HBAR 0.07 ▼ 0.51% NEAR 1.79 ▼ 0.77% ATOM 1.39 ▼ 0.47% AAVE 92.24 ▼ 0.87% SELIC 14.25% EMBRAER 82.50 ▼ 1.08% EMBRAER ADR 64.93 ▼ 0.82% JBS 12.28 ▲ 1.24% JBS BDR 62.04 ▲ 0.36% MBRF3 14.84 ▼ 4.81% MBRFY 2.94 ▼ 0.34% INTER 5.29 ▼ 3.11% EGX 53,932 ▼ 0.11% USD/ZAR 16.82 ▲ 0.04% USD/NGN 1,363 ▼ 0.24% NIKKEI 64,611 ▼ 2.73% CSI300 4,649 ▼ 1.67% HSI 24,963 ▼ 0.98% NIFTY 23,767 ▼ 0.43% KOSPI 6,691 ▼ 5.72% JCI 6,196 ▼ 1.88% USD/JPY 163.79 ▲ 0.02% USD/CNY 6.7617 ▼ 0.07% DAX 25,099 ▲ 1.36% CAC 8,372 ▲ 0.88% FTSE 10,736 ▲ 0.91% MIB 51,802 ▲ 0.95% IBEX 19,585 ▲ 1.65% STOXX 644.51 ▲ 0.82% EUR/USD 1.1375 ▼ 0.06% GBP/USD 1.3321 ▲ 0.04% SPX 7,412 ▲ 0.05% DJI 51,947 ▲ 0.46% NDX 28,128 ▼ 1.15% RUT 2,930 ▼ 0.35% TSX 35,369 ▲ 0.50% VIX 18.58 ▼ 0.64% USD/CAD 1.4092 ▲ 0.09% US10Y 4.6790 ▼ 0.51%
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Sunday, July 26, 2026

Brazil Politics - Brazil

Bolsonaro’s Brazil Totters Blindly, as Government Support Crashes After Moro’s Exit

By · April 26, 2020 · 5 min read

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RIO DE JANEIRO, BRAZIL – The explosive departure of ex-Minister of Justice Sérgio Moro has opened a new and dangerous chapter for Brazil and Jair Bolsonaro’s government that is poisoning loyal voters, wards off potential investors, and strengthens the discourse of those calling for the President’s impeachment.

The São Paulo stock market plummeted almost ten percentage points on Friday while Bolsonaro lost his symbol of the fight against corruption, following serious allegations that he removed Maurício Valeixo from the Federal Police leadership, and sought to interfere in investigations, something even Bolsonaro’s arch-enemy predecessors had not done.

Constituents are disappointed with the President over ex-Minister Sergio Moro’s disclosures, while pressure for his removal increases and the financial market loses direction. (Photo Internet Reproduction)
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“Imagine if, during Lava Jato, then-President Rousseff and ex-president Luiz [Lula] were to keep calling the authorities for information?” Moro said in a statement that surprised the political world.

Just as serious as Moro’s departure, is Bolsonaro’s penchant to fire nuclear bombs on his government and to engender soap operas that twist around himself, as Brazil lives the panic of the coronavirus pandemic which has killed more than 3,000. “There is a surge of crises – [the switch of health ministers was the most recent] while fighting the largest of all in this generation, the coronavirus pandemic,” notes Thiago de Aragón, a political scientist at Arko Advice.

“It’s as if a couple were kidnapped, and during the kidnapping, the woman decided to ask for a divorce,” he compares. The betting market is already speculating on a potential departure of Minister Paulo Guedes in the aftermath, but for now, it’s just speculation.

Bolsonaro tried to circumvent the Moro earthquake, appearing alongside virtually the whole team of cabinet ministers – including a mask-wearing Paulo Guedes – to defend himself against Moro’s accusations. Ironically, the cure seemed worse than the disease. The president denied that he interfered with the work of the PF, but admitted that he was looking for a direct interlocutor to learn about a number of investigations.

“I want a police chief I can interact with. Why not?” The disappointment of part of the President’s constituency immediately materialized. “Bolsonaro no longer represents me, he fell out with the only hero Brazil had,” lamented Ulysses, an administrator from Belo Horizonte, who until Thursday had been a fierce advocate of the current government.

In São Paulo, financial analyst Debora jumped ship as soon as Moro presented his reasons to resign. “I wanted the PT (Workers’ Party) out of power anyway possible so I voted for Bolsonaro. Now I believe in Moro more than in him,” she says.

Both Debora and Ulysses were part of the group of voters who applauded Lava Jato and saw in Minister Moro the hope that the siege against corruption would continue firmly under the Bolsonaro administration. It is this government support base that started to crumble with the exit of Sérgio Moro, now more popular than President Jair Bolsonaro, as shown by the Political Atlas Institute poll.

Moro enjoys a 53 percent favorable rating among Brazilians, compared to 39 percent for Bolsonaro, according to the institute’s most recent survey.

“Within the Bolsonarist discourse, the most resilient slant has always been related to fighting corruption and crime,” explains Andrei Roman, a political scientist at Atlas. “As the person in charge of the main convictions in Lava Jato and the imprisonment of [ex-president] Lula, Moro ensured the Bolsonaro government a seal of legitimacy and authenticity with respect to this discourse,” he adds.

Bolsonaro tried to circumvent the Moro earthquake, appearing alongside virtually the whole team of ministers to defend himself against the accusations. Is Paulo Guedes’ facemask a hint of his future? (Photo Internet Reproduction)

However, the radical voters who support any of Bolsonaro’s decisions, and who amplify his corrosive lines, a group that will support him for some time, are firmly behind him. The President’s appearance alongside his Ministers, including those of military rank, has also fostered the notion that the President is not alone, and that the Armed Forces are standing firmly by him, although behind the scenes there are many indications of unease.

“There’s still plenty of fuel left in the tank. The President can take on an even more aggressive narrative, to consolidate the support of 22 percent of Brazilians,” says Thiago de Aragão, a political scientist with Arko Advice. With this popularity, Bolsonaro would secure enough support, and would be shielded from the pressure of impeachment, for instance.

The issue came up again this Friday, with pressure from politicians, such as former president Fernando Henrique Cardoso, and organizations such as the Brazilian Bar Association (OAB), to assess the president’s removal from office. There are now more than 20 impeachment petitions lodged in Congress against the President. Aragão believes it is too early for that. He recalls that Dilma Rousseff had about eight percent support when she was removed from office in 2016.

Former president Michel Temer (2016-218) also had less than ten percent support in the polls but relied on Congress’ support. Not by chance did the government start negotiating with deputies from the so-called Centrão (center-right parties), renowned for their crony-favoring “physiological” profile – several of them under investigation by Lava Jato – to garner the support he lacks today.

Bolsonaro decided to invest in an alliance with a congressional bloc that would give him a majority in Congress needed to win a tug-of-war with the Chamber president, Rodrigo Maia and guarantee governance. In exchange, there would be a distribution of executive top-echelon positions. The strategy, however, is shaky, in the reading of an experienced observer of the Centrão’s behavior.

“There are moments when there are no conditions to hold anything at all,” says leftist José Eduardo Cardozo, who was the Minister of Justice in Dilma Rousseff’s administration. “I remember in the impeachment proceedings [in 2016] how people jumped ship. The feeling is the same,” says Cardozo, who stood up for Dilma at the time.

The former Justice Minister believes that Moro’s speech on his way out has had a devastating impact on Bolsonaro, irrespective of his negotiations.

“The President signals that he intends to intercept inquiries trying to surface, like the fake news [conducted by the Supreme Court, which may affect his son Carlos Bolsonaro, suspected of spreading false news to benefit his father],” he says.

The President’s appearance alongside his Ministers, including those of military rank, has also fostered the notion that the Armed Forces are standing firmly by him, although behind the scenes there are many indications of unease. (Photo Internet Reproduction)

“When someone wants to obstruct an investigation, using non-republican methods, it’s because they have something to hide,” he adds, recalling the culture of independence that’s been built at great cost by the Federal Police.

This is causing more damage to the already fragile image of the President worldwide. “An investor told me: ‘How can I expect, in the short and medium-term, that decisions will be made rationally and not emotionally in Brazil?”, says Aragão, recalling that money holders seek predictability to make their choices.

Predictability is something that Brazil lost a long time ago.

Source: El País

Live Market IntelligenceBrazil — Live Market BoardInside: market breadth, the sector heatmap, currencies & rates, the Latin America scoreboard and the full instrument board.

Rio Times · Live Market Intelligence

Brazil — Live Market Board

B3 · São Paulo
Jul 25, 2026 · 23:07

Ibovespa · benchmark
174,041.95
-1.52%
L 174,042day rangeH 176,720

+30.07% over 12 months

Market breadth · 15 names
20% advancing

3 ▲ advancing12 declining ▼

Currencies, rates & key inputs
USD / BRL
5.08
-0.24%

EUR / BRL
5.78
+0.08%

Selic rate
14.25%
·

Brent crude
96.78
-3.88%

Iron ore
161.91
·

Sector heatmap · average move today
Mining
+0.46%
VALE3, CSNA3, GGBR4

Industrials
+0.02%
WEGE3, RENT3

Materials
-1.39%
SUZB3

Financials
-1.62%
ITUB4, BBDC4, BBAS3, B3SA3

Consumer Staples
-1.76%
ABEV3

Energy
-2.28%
PETR4, PRIO3

Consumer Disc.
-2.35%
AZZA3

Utilities
-3.11%
ENEV3

Latin America scoreboard
IndexLastTodayStrength
IbovespaBrazil
174,041.95
-1.52%

S&P/BMV IPCMexico
66,383.68
+0.21%

S&P IPSAChile
10,950.74
+0.31%

S&P MERVALArgentina
3,283,854
-1.07%

MSCI COLCAPColombia
2,274.53
-0.38%

BVL S&P PerúPeru
58,287.01

Full instrument board
Instrument Last Change YoY Prev. High Low Volume
IBOV 174,041.95 -1.52% +30.07% 176,723.62 176,720 174,042
USD/BRL 5.08 -0.24% -8.00% 5.09 5.08 5.08
SELIC 14.25%
PETR4 42.21 -1.72% +32.15% 42.95 42.91 42.15 29,108,700
VALE3 75.24 -0.58% +33.10% 75.68 75.53 74.84 8,619,900
ITUB4 42.10 -1.08% +23.68% 42.56 42.45 42.04 10,431,800
BBDC4 18.48 -1.28% +17.86% 18.72 18.64 18.42 13,961,200
BBAS3 20.35 -2.77% +1.40% 20.93 20.82 20.35 14,376,600
B3SA3 15.44 -1.34% +17.68% 15.65 15.67 15.43 35,146,900
ABEV3 15.64 -1.76% +15.85% 15.92 15.90 15.61 15,223,800
WEGE3 45.99 +0.70% +26.94% 45.67 46.19 44.94 7,718,600
PRIO3 58.82 -2.84% +39.05% 60.54 60.27 58.46 5,375,200
SUZB3 41.84 -1.39% -18.76% 42.43 42.25 41.63 3,639,400
RENT3 36.89 -0.67% +2.56% 37.14 37.38 36.59 4,733,700
AZZA3 16.65 -2.35% -54.40% 17.05 17.17 16.65 1,511,900
CSNA3 5.36 +1.13% -37.31% 5.30 5.45 5.24 8,140,000
GGBR4 24.26 +0.83% +40.39% 24.06 24.45 23.82 5,543,500
ENEV3 24.90 -3.11% +79.65% 25.70 25.58 24.87 4,494,900

Largest moves today
ENEV3
24.90
-3.11%
PRIO3
58.82
-2.84%
BBAS3
20.35
-2.77%
AZZA3
16.65
-2.35%
ABEV3
15.64
-1.76%
PETR4
42.21
-1.72%
IBOV
174,041.95
-1.52%
SUZB3
41.84
-1.39%

The session read
The Ibovespa eased 1.52%, with breadth negative — 3 of 15 names higher. Mining led, while Utilities lagged.

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