IBOV 176,564.75 ▲ 0.70% IPSA 10,879.65 ▼ 0.77% IPC MEX 67,304.62 ▲ 0.18% MERVAL 3,256,362 ▼ 1.48% COLCAP 2,301.24 ▲ 0.80% BVL PERÚ 57,237.60 — — USD/BRL5.13▲ 0.18% USD/MXN17.43▼ 0.01% USD/CLP932.73▼ 0.76% USD/COP3,202▼ 0.47% USD/PEN3.39▼ 0.34% USD/ARS1,499▲ 0.15% USD/UYU40.20▲ 1.42% USD/PYG6,020▲ 1.46% USD/BOB11.30▲ 3.36% USD/DOP57.82▼ 0.31% USD/CRC449.99▲ 1.60% USD/GTQ7.62▲ 2.22% USD/HNL26.76▲ 1.54% USD/NIO36.62▲ 0.31% USD/VES742.37▲ 0.14% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.19▲ 0.35% USD/TTD6.75▲ 1.25% EUR/BRL5.84▲ 0.32% BRENT 87.41 ▲ 3.95% WTI 82.30 ▲ 3.84% IRON ORE 161.91 — — COPPER 6.33 ▲ 0.11% GOLD 4,037 — 0.00% SILVER 58.11 ▲ 1.41% SOY 1,216 ▲ 0.35% CORN 482.25 ▲ 5.18% WHEAT 670.75 ▲ 1.25% COFFEE 340.50 ▲ 4.91% SUGAR 14.56 ▼ 0.14% ORANGE JUICE 136.30 ▼ 3.64% COTTON 81.08 ▲ 2.19% COCOA 5,206 ▲ 2.08% BEEF 222.18 ▼ 1.35% CATTLE 337.23 ▼ 0.30% LITHIUM 66.96 ▼ 2.43% PETR4 41.21 ▲ 0.49% VALE3 75.69 — 0.00% ITUB4 42.86 ▲ 0.40% BBDC4 18.77 ▲ 0.32% ABEV3 16.10 ▲ 1.51% BBAS3 20.83 ▲ 1.61% B3SA3 16.00 ▲ 1.78% WEGE3 46.70 ▲ 0.65% PRIO3 56.77 ▲ 1.90% SUZB3 43.10 ▲ 2.94% RENT3 38.37 ▲ 1.72% AZZA3 17.15 ▲ 0.23% CSAN3 4.00 ▲ 1.27% RAIZ4 0.27 ▲ 3.85% PCAR3 2.74 — 0.00% GMAT3 3.92 ▲ 2.35% PSSA3 54.91 ▲ 1.14% CVCB3 1.32 ▼ 2.94% POSI3 3.60 ▲ 2.27% SLCE3 13.16 ▼ 1.64% NATU3 8.34 ▼ 1.77% BRKM5 5.96 ▼ 1.97% RANI3 8.13 ▲ 2.52% CSNA3 5.64 ▼ 1.23% CMIN3 5.96 ▲ 2.76% USIM5 8.69 ▲ 0.93% GGBR4 25.14 ▲ 2.70% ENEV3 25.85 ▲ 1.49% CPFE3 45.96 ▲ 2.70% CMIG4 11.19 ▲ 0.18% EQTL3 38.83 ▲ 0.08% LREN3 13.90 ▲ 1.24% VIVT3 33.83 ▼ 6.31% RAIL3 14.08 ▲ 2.03% KLABIN 18.04 ▲ 2.04% RAIA DROGASIL 18.20 ▲ 0.17% RDOR3 34.32 ▲ 2.14% HAPV3 10.60 ▲ 4.02% FLRY3 17.06 ▲ 3.21% SMTO3 14.30 ▼ 2.52% UGPA3 32.45 ▲ 1.12% VBBR3 35.13 ▲ 1.83% BBSE3 41.21 ▲ 1.65% BPAC11 55.84 ▲ 0.52% CURY3 30.10 ▼ 0.95% AERI3 2.09 ▲ 1.95% VIVARA 22.61 ▲ 2.73% COMPASS 25.22 ▼ 0.32% VAMOS 3.33 ▲ 5.05% SANB11 27.67 ▲ 1.13% ASAI3 8.24 ▲ 1.60% SBSP3 28.27 ▼ 2.08% WALMEX 48.74 ▲ 0.70% GMEXICO 209.28 ▼ 0.11% FEMSA 222.17 ▼ 3.83% CEMEX 20.99 ▼ 1.78% GFNORTE 199.12 ▲ 1.37% BIMBO 59.50 ▲ 0.66% TELEVISA 9.86 ▼ 0.20% AMX 22.48 ▲ 0.09% GAP 379.13 ▲ 0.93% ASUR 271.18 ▲ 0.97% OMA 235.27 ▲ 2.85% KOF 189.82 ▲ 0.07% GRUMA 268.00 ▼ 0.20% KIMBER 40.61 ▲ 1.78% SQM-B 62,500 ▼ 3.33% COPEC 6,300 ▲ 0.82% BSANTANDER 79.12 ▼ 2.04% FALABELLA 6,101 ▼ 0.88% ENELAM 85.80 ▼ 0.10% CENCOSUD 1,900 ▼ 0.78% CMPC 1,035 ▼ 0.43% BANCO CHILE 189.10 ▼ 2.15% LATAM AIR 25.00 ▲ 1.63% YPF 79,525 ▼ 2.09% GGAL 7,855 ▼ 1.32% PAMPA 5,450 ▼ 0.46% TXAR 674.00 — 0.00% ALUAR 988.00 ▲ 0.36% TGS 9,465 ▼ 2.52% CEPU 2,335 ▼ 2.01% MIRGOR 16,525 ▼ 1.78% COME 42.52 ▲ 0.14% LOMA NEGRA 3,650 ▼ 1.55% BYMA 302.75 — 0.00% TELECOM ARG 4,335 ▼ 3.45% ECOPETROL 15.83 ▲ 0.19% BANCOLOMBIA 89.07 ▲ 1.30% GRUPO AVAL 4.93 ▲ 2.28% CREDICORP 389.39 ▼ 0.41% SOUTHERN COPPER 178.96 ▼ 0.20% BUENAVENTURA 30.35 ▼ 4.32% MERCADOLIBRE 1,863 ▲ 2.35% NUBANK 14.68 ▲ 1.03% XP 16.80 ▲ 0.36% PAGSEGURO 9.61 ▲ 2.45% STONE 11.16 ▲ 2.48% GLOBANT 35.11 ▲ 7.57% TECNOGLASS 47.22 ▲ 4.05% GAP AIRPORT 217.50 ▲ 0.57% ASUR 271.18 ▲ 0.97% OMA AIRPORT 108.27 ▲ 3.31% AMX ADR 25.73 ▲ 0.10% FEMSA ADR 127.73 ▼ 3.34% CEMEX ADR 12.00 ▼ 1.64% PETROBRAS ADR 18.07 ▲ 0.39% VALE ADR 14.70 ▼ 0.54% ITAU ADR 8.31 ▼ 0.72% SANTANDER BR 5.48 ▲ 0.74% AMBEV ADR 3.13 ▲ 1.95% CSN 1.10 ▼ 1.79% GERDAU 4.93 ▲ 2.13% LATAM ADR 53.59 ▲ 2.44% BTC 64,106 ▲ 0.37% ETH 1,913 ▼ 0.38% SOL 73.75 ▲ 0.07% XRP 1.09 ▲ 1.77% BNB 569.20 ▼ 0.23% ADA 0.16 ▲ 1.49% DOGE 0.07 ▼ 0.27% AVAX 6.43 ▼ 2.04% LINK 8.40 ▼ 0.32% DOT 0.76 ▲ 0.14% LTC 45.38 ▼ 1.64% BCH 213.61 ▼ 0.21% TRX 0.33 ▲ 0.22% XLM 0.17 — 0.00% HBAR 0.07 ▲ 0.35% NEAR 1.61 ▼ 2.26% ATOM 1.29 ▼ 0.97% AAVE 98.15 ▼ 2.56% SELIC 14.25% EMBRAER 88.86 ▲ 2.26% EMBRAER ADR 69.09 ▲ 1.62% JBS 13.93 ▲ 2.80% JBS BDR 70.57 ▲ 1.94% MBRF3 16.30 ▲ 2.58% MBRFY 3.15 ▲ 10.14% INTER 5.59 ▲ 0.54% EGX 53,730 ▲ 0.18% USD/ZAR16.71▲ 0.10% USD/NGN 1,363 — 0.00% NIKKEI 61,323 ▼ 1.67% CSI300 4,621 ▲ 1.14% HSI 25,620 ▲ 1.22% NIFTY 24,234 ▲ 1.04% KOSPI 5,678 ▼ 5.74% JCI 6,094 ▼ 0.60% USD/JPY163.51▼ 0.21% USD/CNY6.77▼ 0.02% DAX 25,464 ▲ 0.41% CAC 8,459 ▲ 0.63% FTSE 10,871 ▲ 0.83% MIB 51,698 ▼ 0.69% IBEX 19,727 ▼ 0.07% STOXX 646.89 ▲ 0.35% EUR/USD1.14▲ 0.09% GBP/USD1.33▲ 0.05% SPX 7,429 ▲ 0.21% DJI 52,747 ▲ 1.03% NDX 27,763 ▼ 0.98% RUT 2,954 ▲ 0.20% TSX 35,750 ▲ 0.51% VIX 18.21 ▼ 2.46% USD/CAD1.41▼ 0.12% US10Y 4.6040 ▼ 0.80% IBOV 176,564.75 ▲ 0.70% IPSA 10,879.65 ▼ 0.77% IPC MEX 67,304.62 ▲ 0.18% MERVAL 3,256,362 ▼ 1.48% COLCAP 2,301.24 ▲ 0.80% BVL PERÚ 57,237.60 — — USD/BRL 5.13 ▲ 0.18% USD/MXN 17.43 ▼ 0.01% USD/CLP 932.73 ▼ 0.76% USD/COP 3,202 ▼ 0.47% USD/PEN 3.39 ▼ 0.34% USD/ARS 1,499 ▲ 0.15% USD/UYU 40.20 ▲ 1.42% USD/PYG 6,020 ▲ 1.46% USD/BOB 11.30 ▲ 3.36% USD/DOP 57.82 ▼ 0.31% USD/CRC 449.99 ▲ 1.60% USD/GTQ 7.62 ▲ 2.22% USD/HNL 26.76 ▲ 1.54% USD/NIO 36.62 ▲ 0.31% USD/VES 742.37 ▲ 0.14% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.19 ▲ 0.35% USD/TTD 6.75 ▲ 1.31% EUR/BRL 5.84 ▲ 0.32% BRENT 87.41 ▲ 3.95% WTI 82.30 ▲ 3.84% IRON ORE 161.91 — — COPPER 6.33 ▲ 0.11% GOLD 4,037 — 0.00% SILVER 58.11 ▲ 1.41% SOY 1,216 ▲ 0.35% CORN 482.25 ▲ 5.18% WHEAT 670.75 ▲ 1.25% COFFEE 340.50 ▲ 4.91% SUGAR 14.56 ▼ 0.14% ORANGE JUICE 136.30 ▼ 3.64% COTTON 81.08 ▲ 2.19% COCOA 5,206 ▲ 2.08% BEEF 222.18 ▼ 1.35% CATTLE 337.23 ▼ 0.30% LITHIUM 66.96 ▼ 2.43% PETR4 41.21 ▲ 0.49% VALE3 75.69 — 0.00% ITUB4 42.86 ▲ 0.40% BBDC4 18.77 ▲ 0.32% ABEV3 16.10 ▲ 1.51% BBAS3 20.83 ▲ 1.61% B3SA3 16.00 ▲ 1.78% WEGE3 46.70 ▲ 0.65% PRIO3 56.77 ▲ 1.90% SUZB3 43.10 ▲ 2.94% RENT3 38.37 ▲ 1.72% AZZA3 17.15 ▲ 0.23% CSAN3 4.00 ▲ 1.27% RAIZ4 0.27 ▲ 3.85% PCAR3 2.74 — 0.00% GMAT3 3.92 ▲ 2.35% PSSA3 54.91 ▲ 1.14% CVCB3 1.32 ▼ 2.94% POSI3 3.60 ▲ 2.27% SLCE3 13.16 ▼ 1.64% NATU3 8.34 ▼ 1.77% BRKM5 5.96 ▼ 1.97% RANI3 8.13 ▲ 2.52% CSNA3 5.64 ▼ 1.23% CMIN3 5.96 ▲ 2.76% USIM5 8.69 ▲ 0.93% GGBR4 25.14 ▲ 2.70% ENEV3 25.85 ▲ 1.49% CPFE3 45.96 ▲ 2.70% CMIG4 11.19 ▲ 0.18% EQTL3 38.83 ▲ 0.08% LREN3 13.90 ▲ 1.24% VIVT3 33.83 ▼ 6.31% RAIL3 14.08 ▲ 2.03% KLABIN 18.04 ▲ 2.04% RAIA DROGASIL 18.20 ▲ 0.17% RDOR3 34.32 ▲ 2.14% HAPV3 10.60 ▲ 4.02% FLRY3 17.06 ▲ 3.21% SMTO3 14.30 ▼ 2.52% UGPA3 32.45 ▲ 1.12% VBBR3 35.13 ▲ 1.83% BBSE3 41.21 ▲ 1.65% BPAC11 55.84 ▲ 0.52% CURY3 30.10 ▼ 0.95% AERI3 2.09 ▲ 1.95% VIVARA 22.61 ▲ 2.73% COMPASS 25.22 ▼ 0.32% VAMOS 3.33 ▲ 5.05% SANB11 27.67 ▲ 1.13% ASAI3 8.24 ▲ 1.60% SBSP3 28.27 ▼ 2.08% WALMEX 48.74 ▲ 0.70% GMEXICO 209.28 ▼ 0.11% FEMSA 222.17 ▼ 3.83% CEMEX 20.99 ▼ 1.78% GFNORTE 199.12 ▲ 1.37% BIMBO 59.50 ▲ 0.66% TELEVISA 9.86 ▼ 0.20% AMX 22.48 ▲ 0.09% GAP 379.13 ▲ 0.93% ASUR 271.18 ▲ 0.97% OMA 235.27 ▲ 2.85% KOF 189.82 ▲ 0.07% GRUMA 268.00 ▼ 0.20% KIMBER 40.61 ▲ 1.78% SQM-B 62,500 ▼ 3.33% COPEC 6,300 ▲ 0.82% BSANTANDER 79.12 ▼ 2.04% FALABELLA 6,101 ▼ 0.88% ENELAM 85.80 ▼ 0.10% CENCOSUD 1,900 ▼ 0.78% CMPC 1,035 ▼ 0.43% BANCO CHILE 189.10 ▼ 2.15% LATAM AIR 25.00 ▲ 1.63% YPF 79,525 ▼ 2.09% GGAL 7,855 ▼ 1.32% PAMPA 5,450 ▼ 0.46% TXAR 674.00 — 0.00% ALUAR 988.00 ▲ 0.36% TGS 9,465 ▼ 2.52% CEPU 2,335 ▼ 2.01% MIRGOR 16,525 ▼ 1.78% COME 42.52 ▲ 0.14% LOMA NEGRA 3,650 ▼ 1.55% BYMA 302.75 — 0.00% TELECOM ARG 4,335 ▼ 3.45% ECOPETROL 15.83 ▲ 0.19% BANCOLOMBIA 89.07 ▲ 1.30% GRUPO AVAL 4.93 ▲ 2.28% CREDICORP 389.39 ▼ 0.41% SOUTHERN COPPER 178.96 ▼ 0.20% BUENAVENTURA 30.35 ▼ 4.32% MERCADOLIBRE 1,863 ▲ 2.35% NUBANK 14.68 ▲ 1.03% XP 16.80 ▲ 0.36% PAGSEGURO 9.61 ▲ 2.45% STONE 11.16 ▲ 2.48% GLOBANT 35.11 ▲ 7.57% TECNOGLASS 47.22 ▲ 4.05% GAP AIRPORT 217.50 ▲ 0.57% ASUR 271.18 ▲ 0.97% OMA AIRPORT 108.27 ▲ 3.31% AMX ADR 25.73 ▲ 0.10% FEMSA ADR 127.73 ▼ 3.34% CEMEX ADR 12.00 ▼ 1.64% PETROBRAS ADR 18.07 ▲ 0.39% VALE ADR 14.70 ▼ 0.54% ITAU ADR 8.31 ▼ 0.72% SANTANDER BR 5.48 ▲ 0.74% AMBEV ADR 3.13 ▲ 1.95% CSN 1.10 ▼ 1.79% GERDAU 4.93 ▲ 2.13% LATAM ADR 53.59 ▲ 2.44% BTC 64,106 ▲ 0.37% ETH 1,913 ▼ 0.38% SOL 73.75 ▲ 0.07% XRP 1.09 ▲ 1.77% BNB 569.20 ▼ 0.23% ADA 0.16 ▲ 1.49% DOGE 0.07 ▼ 0.27% AVAX 6.43 ▼ 2.04% LINK 8.40 ▼ 0.32% DOT 0.76 ▲ 0.14% LTC 45.38 ▼ 1.64% BCH 213.61 ▼ 0.21% TRX 0.33 ▲ 0.22% XLM 0.17 — 0.00% HBAR 0.07 ▲ 0.35% NEAR 1.61 ▼ 2.26% ATOM 1.29 ▼ 0.97% AAVE 98.15 ▼ 2.56% SELIC 14.25% EMBRAER 88.86 ▲ 2.26% EMBRAER ADR 69.09 ▲ 1.62% JBS 13.93 ▲ 2.80% JBS BDR 70.57 ▲ 1.94% MBRF3 16.30 ▲ 2.58% MBRFY 3.15 ▲ 10.14% INTER 5.59 ▲ 0.54% EGX 53,730 ▲ 0.18% USD/ZAR 16.72 ▲ 0.33% USD/NGN 1,363 — 0.00% NIKKEI 61,323 ▼ 1.67% CSI300 4,621 ▲ 1.14% HSI 25,620 ▲ 1.22% NIFTY 24,234 ▲ 1.04% KOSPI 5,678 ▼ 5.74% JCI 6,094 ▼ 0.60% USD/JPY 163.48 ▼ 0.20% USD/CNY 6.7587 ▼ 0.03% DAX 25,464 ▲ 0.41% CAC 8,459 ▲ 0.63% FTSE 10,871 ▲ 0.83% MIB 51,698 ▼ 0.69% IBEX 19,727 ▼ 0.07% STOXX 646.89 ▲ 0.35% EUR/USD 1.1401 ▲ 0.05% GBP/USD 1.3300 ▲ 0.05% SPX 7,429 ▲ 0.21% DJI 52,747 ▲ 1.03% NDX 27,763 ▼ 0.98% RUT 2,954 ▲ 0.20% TSX 35,750 ▲ 0.51% VIX 18.21 ▼ 2.46% USD/CAD 1.4089 ▼ 0.09% US10Y 4.6040 ▼ 0.80%
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Wednesday, July 29, 2026

Covid-19 Brazil

Analysis: Brazil projects third wave of Covid-19 as states let their guard down despite warnings

By · April 28, 2021 · 5 min read

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RIO DE JANEIRO, BRAZIL – The arrival of a third wave is not a question of “if”, but rather “when”, according to researchers. Low vaccination and relaxation of restrictions are pointed out as factors for a new peak in the country, with over 70% of the population susceptible to becoming infected by the virus.

Brazil is experiencing in April the most dramatic moment of the Covid-19 pandemic. In just four months, 2021 has now become the most lethal year since the start of the health crisis that has killed almost 400,000 people – 3,086 of whom in the past 24 hours, according to data from the National Council of Health Secretaries (CONASS) released on Tuesday, April 27.

Over 70% of the Brazilian population is susceptible to becoming infected by the virus. (Photo internet reproduction)
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Last week there was a small respite, with the drop in the number of confirmed cases and deaths in the country caused by the novel coronavirus. But experts say it is still too early to celebrate, and that the arrival of a third wave is not a question of “if”, but rather “when”, especially as states begin to relax the restrictive measures behind the reduction in numbers.

With Mother’s Day coming up on May 9th – one of the main dates for stores and a time for socializing and gatherings – there is concern over a rise in cases and deaths such as seen after the year-end holidays in 2020.

The relaxation of restriction measures, as has occurred in São Paulo, where restaurants, beauty salons, and gyms have been allowed to reopen since the weekend, is viewed as reckless by doctors and researchers. “April, which is not even over yet, is now the most lethal month in the pandemic. And regardless of that we are reopening activities again,” says Rafael Lopes Paixão da Silva, member of the Covid-19 BR Observatory.

According to the researcher, “if the measure is working, it needs to be maintained for some time to have a safety margin.” But this is not the case: “Governments see a slight drop in hospital occupation and start releasing activities again; this is desperate.” Epidemiologist Paulo Lotufo agrees. “There is a basic mistake, which is to use as an indicator [of reopening of activities and trade] the ICU occupancy rate. This is not an epidemiological indicator, it is an administrative indicator,” he says.

The prognosis for the country is bleak: “[The numbers] should drop a little further, and then there will be a new rise. The question is what the magnitude of this rise will be. No one imagined, for example, that this second peak would be as sharp as it was [this year the country has recorded more Covid-19 deaths than in 2020]. If things continue as they are, a third wave is possible in July,” says Lotufo, citing the crowds that should occur due to Mother’s Day combined with the easing of isolation.

Lotufo’s statement may sound alarmist, but it is shared by other pandemic scholars. “There is no reason for relief. The drop in numbers seen in the past week is a natural process of an epidemic; it is true for dengue and many others. But we still have very high levels. If we relax too much, this drop may become a plateau, and there may even be a reversal of the decline,” says Fiocruz (Oswaldo Cruz Foundation) researcher Leonardo Bastos.

He says it is not possible to specify how low the numbers will drop before stabilizing. “And then the relaxation [of restriction measures] or new variants can lead to a new outbreak. It’s not a question of ‘if’ but rather ‘when’ it will happen. It can be a small wave or a big wave, national or focused on a few states. It depends greatly on the reality of each place and the policies that have been adopted. Or which were not.”

Delay in the vaccination of priority groups

The slow progress of the vaccination process in the country is another factor that can make a third wave as lethal as or more than the second one. Last week,  Minister of Health Marcelo Queiroga stated that immunization of priority groups will only be completed in September. The initial forecast, made by his predecessor Eduardo Pazuello, was to complete this stage in May.

“If we had greater speed in vaccination we would see a next wave with a much lower number of deaths and hospitalizations. And if the most vulnerable population [included in the priority group] were protected, the likelihood of seeing many deaths and serious cases would also drop,” says Bastos, from Fiocruz.

But even if the schedule of the priority groups had been maintained, it would not be enough to stop a new wave. “Vaccinating priority groups   by itself is not enough, you reduce deaths but don’t eliminate them, and it doesn’t prevent a collapse of the health system,” says Isaac Schrarstzhaupt, Coordinator in the Covid-19 Analysis Network. “The strategy needs to be twofold. Vaccinate and reduce the transmission rate. It is possible to avert a third wave with non-pharmacological measures [vaccines], although in Brazil this has not been done,” he says. He mentions New Zealand as an example, where closing and restriction measures are implemented as the transmission rate increases.

The shortage of immunizers will rely on yet another unanticipated factor during the second wave. “The expectation for more vaccines is getting smaller and smaller. With the explosion of cases in India, they will now stop exporting their immunizers and supplies to other countries, and will even go into a process of mass vaccines purchases. I don’t see much of a way out,” says epidemiologist Lotufo.

“We have a very low standard of vaccination. Ideally, we should have between 25% and 30%, then we would have a much better accommodation,” he says. “If you analyze the lethality of the disease, which is around 1% and has killed almost 400,000 people, there must be almost 40 million people who have already been infected, that is, 25% of Brazilians have now had the disease. So almost three quarters of the population are still susceptible to contracting the virus. That’s a lot of people.”

Government guidelines regarding vaccination are also conflicting: initially the Ministry of Health had determined not to reserve the second dose, given that according to the initial planning -and which has been revised downwards numerous times- supplies would be enough for the states.

Now, as several capitals are forced to suspend the vaccination of both first and second doses due to a shortage of immunizers, the portfolio has reversed its position: Minister Queiroga said that the new recommendation is that a reserve is kept back for the second dose, given the delays in the supply of raw materials and immunizers.

Source: El Pais

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