Brazilian Ibovespa Futures fall 0.14% as IPCA shows 0.32% monthly deflation
The Ibovespa futures index dropped to 189,930 points on Friday due to incoming inflation data and election polling, while the US CPI is expected to show a 0.4% monthly increase. Markets are closely watching these figures before upcoming Federal Reserve and Copom interest rate meetings.
Brazilian stock futures fell 0.14% on Friday, settling at 189,930 points after previously closing higher. This decline occurred as investors analyzed fresh inflation data from Brazil's IPCA, which recorded a monthly deflation of 0.32% for August. While the annual rise was 4.22%, market research suggested the monthly drop might have been larger at 0.29%. Simultaneously, traders watched American CPI figures likely to reveal a 0.4% increase in August prices. These numbers are critical ahead of interest rate decisions by Brazil's Central Bank and the US Federal Reserve scheduled for late September. Political expectations remain strong in Brazil as new polling data arrives alongside ongoing legal proceedings in the Supreme Court.
