AGP Executive Report
Last update: 8 hours agoMarkets & Politics: Brazilian stocks and the real rallied after Flávio Bolsonaro finished ahead of Lula in the presidential first round. A right-leaning Congress adds to expectations of policy change, but investors still await details before the Oct. 25 runoff. Trade & Growth: The World Bank raised its 2026 growth forecast for Brazil. September’s trade surplus reached $7.74 billion, though the government cut its full-year surplus outlook by more than $5 billion; oil has overtaken soybeans as the country’s top export. Mining & Agriculture: Aguia Resources has stockpiled 30,000 tonnes of phosphate ore at its Rio Grande do Sul project, while Alvo Minerals shares surged after promising rare-earth drilling results. Brazil’s beef exporters expect access to the EU market to return within months. Business & Finance: Bradesco completed a pilot cross-border real-time payment to Hong Kong, and American Airlines won Brazilian antitrust approval for an investment giving it about an 8% stake in Azul.
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