Bovespa, BRIBOVINDM18

Ibovespa enters data-heavy session after 1.23% rebound finally ends losing streak

Published on 11/05/2026 at 13:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
The Ibovespa ended a six-session losing streak with a 1.23% gain on November 4. Investors now face a cautious opening setup after Copom paused rate cuts and ahead of new Brazilian economic data.

Ibovespa enters a data-heavy session

  • The index closed November 4 at 167,563.47 points, up 1.23% from the previous session.
  • Copom held the Selic at 13.75% after the close, ending five consecutive rate cuts.
  • Industrial production and S&P Global PMI releases are scheduled before and around the B3 opening.
Bovespa, BRIBOVINDM18, Illustration mit AI erstellt.

Brazil's Ibovespa enters Thursday's session after a relief rebound, but the outlook remains dependent on domestic data. The benchmark closed at 167,563.47 points on Wednesday, November 4, gaining 2,034.55 points, or 1.23%, from the previous session's 165,528.92 points. The close ended a six-session losing streak, according to The Rio Times.

External relief meets domestic caution

The previous session's rebound was supported by stronger global risk appetite. The Rio Times reported that the S&P 500 rose 1.58% and the VIX volatility index fell 20.26% on November 4, while the US dollar weakened 0.56% against the Brazilian real to 5.4594 reais. Those moves provided a more supportive external backdrop for emerging-market assets, although they do not by themselves establish a new trend for the Ibovespa.

The index remains well below its recent high. The November 4 close was 19.9% below the 209,067-point peak recorded on October 9, according to the same market report. That distance leaves the rebound as a recovery from a sharply weaker base rather than confirmation of a sustained reversal.

Copom changes the rate backdrop

After the B3 session ended, Brazil's monetary policy committee unanimously kept the Selic rate at 13.75% a year. The Central Bank of Brazil said the decision was consistent with bringing inflation toward its target. The move interrupted five consecutive 25-basis-point cuts that had started in March. The accompanying statement did not commit to a specific next step, leaving future activity and inflation data important for rate expectations.

Data arrives before the open

Brazilian industrial production figures are scheduled for about 09:00 Brasília time, equivalent to 13:00 Berlin time on November 5. The Rio Times listed consensus expectations of a 0.2% month-on-month decline and a 1.7% year-on-year decline. S&P Global services and composite purchasing managers' indexes are scheduled for about 10:00 Brasília time, or 14:00 Berlin time, with forecasts below the 50-point contraction threshold.

The B3 cash session is due to begin at 10:00 Brasília time. Consequently, the key question for the Ibovespa at the opening is whether the global rebound can offset the restrictive rate setting and weaker activity signals. The 170,000-point level is the nearest round-number resistance, while 160,000 remains a broader downside reference cited by the market report.

More coverage is available on the Ibovespa topic page.

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