AGP Executive Report
Last update: an hour agoRates and Fiscal Policy: Brazil’s central bank held the Selic rate at 13.75%, ending a run of cuts as inflation risks rise after Lula’s reelection. Lula is expected to reaffirm budget discipline in a Sunday address, but offer no specific measures. Markets: Brazilian stocks gained 1% on Wednesday as a global rally lifted risk appetite, snapping a six-day losing streak. The post-election selloff and business confidence at its lowest since 2025 underscore lingering uncertainty. Companies: Itaú reported record quarterly profit as lending expanded, while MercadoLibre’s third-quarter revenue rose 45% but its operating margin narrowed amid higher shipping and credit costs. Industry and Climate: John Deere plans to move sugar-cane harvester production to its Catalão facility, bringing output closer to customers. Brazil also presented COP30 roadmaps for a shift away from fossil fuels and to curb deforestation.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
Perspectify News
