AGP Executive Report
Last update: 9 hours agoElection & Markets: Flávio Bolsonaro took 47% in Brazil’s first round, ahead of Luiz Inácio Lula da Silva, setting up an Oct. 25 runoff. His strong showing and gains by allies have drawn investors’ attention, with Goldman’s trading desk reporting a rush into Brazilian assets. Prices & Policy: September inflation reached 4.58% year over year, clouding hopes for Selic cuts. The government has also cut fuel taxes ahead of the vote, adding pressure to balance household relief with fiscal discipline. Agribusiness: China’s soybean imports fell 7.7% in September from a year earlier, while analysts expect weaker buying ahead. A surprise increase in the U.S. corn crop forecast has also shaken grain markets, putting Brazil’s export outlook in focus. Industry: Embraer plans to take a 51% stake in Mahindra’s aerospace arm, while LATAM has received its first E195-E2 aircraft. Green Finance: Brazil’s environment ministry has issued rules for payments tied to environmental services, including conservation and emissions-reduction projects.
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