Brazil Stocks Slide As Election Poll And “Higher-For-Longer” Rates Reset Risk

Key Points A new 2026 poll jolted Brazil’s political risk premium, sending the Ibovespa down more than 2% and the real weaker. Central bank minutes kept the Selic message restrictive, cooling expectations for early rate cuts. Brava and steel names rose, but Petrobras and transport-linked stocks pulled the index lower. Brazil’s benchmark index fell hard […]