INSUBCONTINENT EXCLUSIVE:
markets resume trading after the Corpus Christi Day holiday.The Central Bank of Brazil (BCB) raised the Selic rate to 15% on June 18, 2025,
a 0.25 percentage point hike to curb inflation exceeding the 3% target, marking the highest rate since 2006.This tightening aims to
stabilize expectations amid a public debt-to-GDP ratio of 76.2% and a projected 2025 fiscal deficit of R$104 billion
While the hike may bolster the Brazilian real through carry trade interest, it risks slowing growth by raising borrowing costs.This could
affect sectors like retail and construction
exports.These events are pivotal as the Ibovespa navigates volatility, the real hovers near R$5.50, and commodities face global trade and
Actual -1.3%, consensus 1.8%, previous 5.2%
consensus 1.7%, previous 5.0%
(May): Actual 20.936B, previous 9.284B
-1.2%, consensus -1.2%, previous -0.9%
-0.2%, consensus -0.3%, previous -0.6%
Actual 96, consensus 97, previous 97
consensus 4.0%, previous 3.9%
consensus -15.0, previous -15.2
Actual TBD, previous 9.8%
Index (Jun): Actual TBD, consensus -1.7, previous -4.0
Actual TBD, previous 47.2
Baker Hughes Oil Rig Count: Actual TBD, previous 439
Baker Hughes Total Rig Count: Actual TBD, previous 555
consensus -0.2%, previous -0.4%
Corpus Christi Day holiday, halting trading activity on the Ibovespa and B3
Embraer gained nearly 4% on strong aerospace demand, while Minerva and BRF rose on export optimism.Commodity stocks faced pressure from
global volatility, amplified by fiscal concerns with a projected R$104 billion deficit and 76.2% debt-to-GDP ratio.U.S
markets were closed on June 19, 2025, for Juneteenth, limiting trading activity
On June 18, the S&P 500 fell 1.85 points, or less than 0.1%, to 5,980.87, within 2.8% of its peak.The Dow Jones Industrial Average dropped
44.14 points, or 0.1%, to 42,171.66, while the Nasdaq rose 25.18 points, or 0.1%, to 19,546.27
The Russell 2000 gained 0.5% to 2,112.96.Stable Treasury yields and fluctuating oil prices amid Middle East tensions shaped a cautious tone,
the Corpus Christi Day holiday, halting trading activity on the Ibovespa and B3.Oil PricesOil prices retreated on June 19, 2025, with Brent
crude trading near $74 per barrel, down from recent highs, as geopolitical uncertainties and technical sell signals triggered a pullback
Note: No trading occurred on June 19 due to the Corpus Christi Day holiday.Read moreGold PricesGold slid on June 19, 2025, trading near
$3,350 per troy ounce, as geopolitical tensions eased slightly and macro forces shifted sentiment
safe-haven flows and industrial demand
Note: No trading occurred on June 19 due to the Corpus Christi Day holiday.Read moreSilver PricesSilver fell on June 19, 2025, to $35.50 per
mining exports, with Vale affected
Note: No trading occurred on June 19 due to the Corpus Christi Day holiday.Read moreCopper PricesCopper prices dropped on June 19, 2025, to
though long-term demand remains
Note: No trading occurred on June 19 due to the Corpus Christi Day holiday.Read moreCryptocurrenciesBitcoin traded steadily on June 19,
2025, near $106,000, with markets awaiting a breakout amid mixed technical signals
Philadelphia Fed Manufacturing Index may influence risk appetite and crypto sentiment
Note: No trading occurred on June 19 due to the Corpus Christi Day holiday.Read moreIron Ore PricesIron ore prices edged up on June 19,
2025, to $94 per ton on the SGX TSI Iron Ore CFR China (62% Fe Fines) Index, recovering from multi-month lows despite weak Chinese
demand.This offers relief to Vale, though challenges persist
agribusiness sector, contributing 27.4% to GDP in 2024, faces headwinds in 2025 from the Selic rate hike to 15% and global trade
FDI, Eurozone Consumer Confidence, and U.S
Philadelphia Fed Manufacturing Index will shape export demand and currency stability, critical for commodity-driven industries like mining
price volatility poses risks
Batista brothers, reported a 12% revenue increase to R$80 billion in Q1 2025, driven by global meat demand, despite facing regulatory
scrutiny.High interest rates at 15% pressure margins
committed R$1.3 billion to Brazil in 2025, focusing on local supply chains and production expansion.The investment bolsters agribusiness,
though high interest rates challenge profitability
faces pressure to balance investor dividends with state demands, with Q1 2025 dividends projected at R$14 billion.Oil price declines and
high interest rates complicate payouts
the time zone used in the eastern United States, including New York, Washington, D.C., and Miami, set at UTC-5, five hours behind
Coordinated Universal Time (UTC)
EST is applied here for consistency, as requested, and is the standard for U.S
financial markets, influencing global trading schedules.
