IBOV 171,324.31 ▼ 0.43% IPC MEX 71,674.32 ▼ 0.46% MERVAL 2,848,945 — — USD/BRL5.65▲ 1.12% USD/MXN18.59▼ 0.05% USD/CLP994.00▲ 1.14% USD/COP3,303▼ 0.13% USD/PEN3.41▼ 0.03% USD/ARS1,545▲ 0.03% USD/UYU40.52▲ 3.32% USD/PYG6,185▲ 3.33% USD/BOB11.60▲ 0.86% USD/DOP60.50▲ 0.08% USD/CRC445.25▲ 1.62% USD/GTQ7.65▲ 3.31% USD/HNL26.90▲ 3.30% USD/NIO36.62▲ 2.73% USD/VES902.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.09▲ 2.15% USD/TTD6.71▲ 2.19% EUR/BRL6.25▲ 0.26% BRENT 95.77 ▲ 3.24% WTI 88.70 ▲ 2.51% IRON ORE 161.91 — — COPPER 6.19 ▼ 1.30% GOLD 3,882 ▼ 2.97% SILVER 49.96 ▼ 3.71% SOY 1,220 ▼ 0.77% CORN 442.25 ▼ 1.28% WHEAT 582.50 ▼ 2.84% COFFEE 275.10 ▲ 2.27% SUGAR 18.22 ▼ 1.41% ORANGE JUICE 140.60 ▼ 3.53% COTTON 78.56 ▲ 0.05% COCOA 5,187 ▲ 5.71% BEEF 223.05 ▲ 1.86% CATTLE 331.80 ▼ 0.25% LITHIUM 59.43 ▼ 2.69% PETR4 44.70 ▲ 2.64% VALE3 63.95 ▼ 0.75% ITUB4 41.68 ▼ 0.10% BBDC4 14.32 ▼ 0.07% ABEV3 15.75 ▼ 0.63% BBAS3 15.48 ▼ 8.35% B3SA3 14.76 ▼ 0.27% WEGE3 51.65 ▲ 0.08% PRIO3 63.30 ▲ 2.98% SUZB3 56.04 ▲ 4.16% RENT3 29.58 ▼ 2.18% AZZA3 16.90 ▲ 9.95% CSAN3 2.85 ▼ 5.94% RAIZ4 0.30 ▼ 98.60% PCAR3 2.39 ▼ 5.91% GMAT3 3.84 ▼ 5.88% PSSA3 45.94 ▼ 0.09% CVCB3 0.84 ▼ 2.33% POSI3 3.37 ▲ 1.51% SLCE3 18.36 ▲ 7.68% NATU3 5.33 ▼ 5.16% BRKM5 3.07 ▲ 5.14% RANI3 8.18 ▼ 2.50% CSNA3 4.23 ▼ 6.42% IBOV 171,324.31 ▼ 0.43% IPC MEX 71,674.32 ▼ 0.46% MERVAL 2,848,945 — — USD/BRL 5.65 ▲ 1.12% USD/MXN 18.60 ▼ 0.02% USD/CLP 994.00 ▲ 1.14% USD/COP 3,308 ▲ 0.02% USD/PEN 3.41 ▼ 0.08% USD/ARS 1,545 ▲ 0.03% USD/UYU 40.52 ▲ 3.32% USD/PYG 6,185 ▲ 3.33% USD/BOB 11.60 ▲ 0.86% USD/DOP 60.47 ▲ 0.03% USD/CRC 445.25 ▲ 1.62% USD/GTQ 7.65 ▲ 3.31% USD/HNL 26.90 ▲ 3.30% USD/NIO 36.62 ▲ 2.73% USD/VES 902.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.09 ▲ 2.15% USD/TTD 6.71 ▲ 2.19% EUR/BRL 6.25 ▲ 0.28% BRENT 95.77 ▲ 3.24% WTI 88.70 ▲ 2.51% IRON ORE 161.91 — — COPPER 6.19 ▼ 1.30% GOLD 3,882 ▼ 2.97% SILVER 49.96 ▼ 3.71% SOY 1,220 ▼ 0.77% CORN 442.25 ▼ 1.28% WHEAT 582.50 ▼ 2.84% COFFEE 275.10 ▲ 2.27% SUGAR 18.22 ▼ 1.41% ORANGE JUICE 140.60 ▼ 3.53% COTTON 78.56 ▲ 0.05% COCOA 5,187 ▲ 5.71% BEEF 223.05 ▲ 1.86% CATTLE 331.80 ▼ 0.25% LITHIUM 59.43 ▼ 2.69% PETR4 44.70 ▲ 2.64% VALE3 63.95 ▼ 0.75% ITUB4 41.68 ▼ 0.10% BBDC4 14.32 ▼ 0.07% ABEV3 15.75 ▼ 0.63% BBAS3 15.48 ▼ 8.35% B3SA3 14.76 ▼ 0.27% WEGE3 51.65 ▲ 0.08% PRIO3 63.30 ▲ 2.98% SUZB3 56.04 ▲ 4.16% RENT3 29.58 ▼ 2.18% AZZA3 16.90 ▲ 9.95% CSAN3 2.85 ▼ 5.94% RAIZ4 0.30 ▼ 98.60% PCAR3 2.39 ▼ 5.91% GMAT3 3.84 ▼ 5.88% PSSA3 45.94 ▼ 0.09% CVCB3 0.84 ▼ 2.33% POSI3 3.37 ▲ 1.51% SLCE3 18.36 ▲ 7.68% NATU3 5.33 ▼ 5.16% BRKM5 3.07 ▲ 5.14% RANI3 8.18 ▼ 2.50% CSNA3 4.23 ▼ 6.42%
since 2009
Thursday, November 12, 2026

Brazil Guest Opinions

Column: Brazil’s Massive Corona-Chasm

By · · 4 min read

RIO DE JANEIRO, BRAZIL – (Column) In Rio de Janeiro, as in São Paulo and many other large cities, the wealthy have fled to country estates, remote holiday getaway properties or beach houses to weather the viral storm in relative isolation and safety.

Meanwhile, the middle classes are hunkering down in their gated condominiums and serviced apartments. Outside, the poor are continuing life, as usual, going to work every day because they have no choice.

As an example, the first death from the virus in Rio de Janeiro was a 62-year-old domestic live-in servant, in poor health, who acquired the disease from her employer, who brought the virus from Italy to Leblon.

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Likewise, in the country’s crowded favela communities, practicing “social distancing” or even undergoing quarantine is just not possible, especially where the schools have been closed. Most favelas also lack the infrastructure – such as a reliable running water supply – to enable residents to follow the most basic hygiene protocol of frequent handwashing.

Panic-buying and profiteering have turned other essential prophylactic measures – masks, latex gloves, and alcohol-based hand sanitizer – into scarce and expensive commodities. Containing an outbreak of Covid-19 in one of the country’s sprawling favela communities will be virtually impossible.

Reflecting the historical structural inequalities – social, spatial and racial – of Brazilian society, the poor and inadequately housed are inevitably going to bear disproportionately the brunt of Brazil’s coronavirus epidemic.

To date, the response of President Jair Bolsonaro – and by extension that of the federal government – has been at best inadequate. Likewise, his blasé attitude to personal risk and last weekend’s bizarre decision to blatantly flaunt health protocols by leaving quarantine to shake hands with his supporters can only be described as irresponsible.

Following US President Trump’s lead, President Bolsonaro has chosen to minimize (and politicize) the threat the country faces, describing the virus as a “media fantasy” and characterizing growing public fear as “hysteria.” His actions have only served to further undermine public confidence in the government and its ability to protect the citizenry from a serious public health crisis.

Rio2
Bolsonaro’s blasé attitude to personal risk can only be described as irresponsible.

As witnessed by the widespread in-home “pots and pans protests” (“panelaços”) in large cities this week, there is growing anger with the President’s cavalier attitude. This backlash will only grow as fatalities mount and the uneven impact of Covid-19 becomes apparent. Despite an emerging shift in federal tone, it may be difficult to turn the tide of this public anger.

The potential for political unrest – or even outbreaks of social violence – is likely to be exacerbated by the impending global recession which analysts are already predicting will be deep and prolonged in Brazil and Latin America as a whole.

If widespread business closures, partial lockdowns or even the quarantine of entire cities (as is the case in Italy) do happen here, the impact will be felt throughout the economy for years to come. In addition, upwards of 5 million Brazilians now operate in the “gig economy”, earning their incomes through demand-driven Apps (Uber, Rappi, iFood, etc.) which offer no guarantees in the event of business declines.

The combination of a public health crisis, political instability and a lack of trust in public institutions, as well as a prolonged and severe economic recession, could be disastrous for Brazil’s fragile democracy. Outbreaks of social unrest driven by physical suffering and a deep sense of injustice are far from unimaginable.

Faced with these broader threats, the country is in desperate need of responsible leadership but also a shared sense of social responsibility. As President Trump has belatedly discovered, the coronavirus is not an ideological opponent that can be ignored or tweeted into submission.

When the impending epidemic has run its course – however long that takes – there may be some fundamental and potentially destructive changes to the Brazilian social order. The coronavirus is about to trigger something far bigger than a health crisis.
The coronavirus is about to trigger something far bigger than a health crisis.

The nation must face the reality that – far from being climatically immune – Brazil faces a series of challenges based on a unique social and political history that make it vulnerable in ways that other nations are not. For Brazil, in particular, the threat of the coronavirus should not be allowed to trigger panic or partisan selfishness but must be met with unity, a sense of shared humanity and the practice of responsible citizenship.

When the impending epidemic has run its course – however long that takes – there may be some fundamental and potentially destructive changes to the Brazilian social order. The coronavirus is about to trigger something far bigger than a health crisis.

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
Nov 12, 2026 · 20:35

Ibovespa · benchmark
171,324.31
-0.43%
L 169,942day rangeH 172,060

+8.69% over 12 months

Market breadth · 15 names
33% advancing

5 ▲ advancing10 declining ▼

Currencies, rates & key inputs
USD / BRL
5.65
+1.12%

EUR / BRL
6.25
+0.28%

Selic rate
13.75%
·

Brent crude
95.77
+3.24%

Iron ore
161.91
·

Sector heatmap · average move today
Consumer Disc.
+9.95%
AZZA3

Materials
+4.16%
SUZB3

Energy
+2.81%
PETR4, PRIO3

Consumer Staples
-0.63%
ABEV3

Industrials
-1.05%
WEGE3, RENT3

Utilities
-1.39%
ENEV3

Financials
-2.20%
ITUB4, BBDC4, BBAS3, B3SA3

Mining
-2.76%
VALE3, CSNA3, GGBR4

Latin America scoreboard
IndexLastTodayStrength
IbovespaBrazil
171,324.31
-0.43%

S&P/BMV IPCMexico
71,674.32
-0.46%

S&P IPSAChile
10,625.27
+0.69%

S&P MERVALArgentina
2,848,945
—

MSCI COLCAPColombia
2,452.93
-1.35%

Full instrument board
Instrument Last Change YoY Prev. High Low Volume
IBOV 171,324.31 -0.43% +8.69% 172,060.43 172,060 169,942 —
USD/BRL 5.65 +1.12% +7.11% 5.58 5.65 5.65 —
SELIC 13.75% — — — — —
PETR4 44.70 +2.64% +38.18% 43.55 44.97 43.23 37,990,800
VALE3 63.95 -0.75% -2.75% 64.43 64.48 62.93 16,658,700
ITUB4 41.68 -0.10% +6.58% 41.72 41.95 41.12 22,298,600
BBDC4 14.32 -0.07% -26.34% 14.33 14.33 13.92 62,054,800
BBAS3 15.48 -8.35% -32.11% 16.89 15.67 14.72 146,447,300
B3SA3 14.76 -0.27% +4.53% 14.80 14.90 14.47 48,848,300
ABEV3 15.75 -0.63% +15.64% 15.85 15.92 15.62 45,131,700
WEGE3 51.65 +0.08% +15.06% 51.61 52.04 51.17 5,287,600
PRIO3 63.30 +2.98% +58.21% 61.47 63.87 60.79 6,527,400
SUZB3 56.04 +4.16% +16.58% 53.80 56.06 53.75 8,381,600
RENT3 29.58 -2.18% -31.31% 30.24 30.42 29.05 11,810,900
AZZA3 16.90 +9.95% -42.83% 15.37 18.57 16.14 7,839,300
CSNA3 4.23 -6.42% -51.55% 4.52 4.48 4.19 18,970,400
GGBR4 24.97 -1.11% +31.08% 25.25 25.26 24.69 4,076,200
ENEV3 27.00 -1.39% +40.26% 27.38 27.11 26.53 11,153,200

Largest moves today
AZZA3
16.90
+9.95%
BBAS3
15.48
-8.35%
CSNA3
4.23
-6.42%
SUZB3
56.04
+4.16%
PRIO3
63.30
+2.98%
PETR4
44.70
+2.64%
RENT3
29.58
-2.18%
ENEV3
27.00
-1.39%

The session read
The Ibovespa eased 0.43%, with breadth negative — 5 of 15 names higher. Consumer Disc. led, while Mining lagged.

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

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