Ibovespa heads into Friday after 0.43% decline to 171,324 points
Published on 11/13/2026 at 13:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSWhat investors should watch Friday
- The Ibovespa closed Thursday at 171,324.31 points, down 0.43% from the previous session.
- Banco do Brasil led the pressure after weaker third-quarter results and reduced full-year projections.
- Retail sales and business confidence data are due before and during the B3 session, while the real remains under pressure.
Brazil's Ibovespa enters Friday, November 13, after closing the previous session at 171,324.31 points, a decline of 0.43% from Wednesday's close of 172,060.43. The B3 cash market was scheduled to open at 10:00 Brasília time, equivalent to 14:00 in Berlin, so the European midday slot provides an opening outlook rather than an intraday report.
Banco do Brasil drives Thursday weakness
According to a Reuters report carried by Investing.com, Banco do Brasil shares fell 8.35% after the bank reported a sharp deterioration in third-quarter earnings, raised concerns about credit costs and reduced its projections for the year. The decline made the lender the main negative contributor to the benchmark.
Other large-cap moves were mixed. Petrobras preferred shares rose 2.64%, supported by firmer international oil prices, while Vale shares fell 0.74% in line with weaker iron-ore futures in China. BTG Pactual units lost 3.24%, and Magazine Luiza declined 7.70%.
Fiscal risks remain in focus
Thursday's trading also reflected continued scrutiny of the government's proposed fiscal measures. Reuters reported that the package is expected to generate between 50 billion and 60 billion Brazilian reais of impact in 2027, but market participants questioned whether it is large enough to restore confidence in Brazil's fiscal framework. Valor International also reported that fiscal uncertainty and a global repricing linked to expectations of a more hawkish Federal Reserve weighed on the real and Brazilian interest-rate markets.
The dollar ended Thursday near 5.64 reais, according to The Rio Times, which described that level as a 12-month high. No confirmed Ibovespa futures indication was reported in the morning outlook, leaving the opening direction dependent on currency moves, global yields and incoming domestic data.
Retail data sets the early test
Friday's Brazilian calendar includes September retail sales at 09:00 Brasília time, with consensus for growth of 1.0% year on year and a decline of 0.2% month on month. Business confidence for November is due at 11:00 Brasília time, with a consensus reading of 46.5 versus 46.2 previously. The releases will give investors a fresh read on domestic demand while the Selic remains at 13.75%.
The immediate setup is therefore cautious rather than directional. A weaker real, elevated US Treasury yields and unresolved fiscal questions could limit risk appetite, while better domestic data or support from commodities could provide a counterweight. Follow further Bovespa coverage on the Bovespa topic page.
