Brazil central bank flags oil, El Niño, labor and FX shocks behind inflation rebound
Published . Updated .
Covered by 5 outlets: StreetInsider, Reuters, Yahoo, Yahoo Finance, TradingView.
Who covered it: Center 3 · Not rated 2. How we rate outlets
Key takeaways
- By Marcela Ayres BRASILIA, Nov 10 (Reuters) - Brazil's central bank said on Tuesday that worsening inflation prospects despite slowing growth reflected four supply shocks: higher oil prices, El Niño-
- Exposed: USO, XLE, BWET, EWZ, CEW
- Market reaction: price tracking starts with the next trading session.
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By Marcela Ayres BRASILIA, Nov 10 (Reuters) - Brazil's central bank said on Tuesday that worsening inflation prospects despite slowing growth reflected four supply shocks: higher oil prices, El Niño-
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund-1.1% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+6.9% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “oil” (tanker shipping) in this story.
- EWZ iShares MSCI Brazil ETF-15.1% 30d
iShares MSCI Brazil ETF holds stocks listed in Brazil, which this story is about (“brazil”).
- CEW WisdomTree Emerging Currency Strategy Fund
WisdomTree Emerging Currency Strategy Fund holds emerging-market currencies, which move on news like this from Brazil.
- EMB iShares J.P. Morgan USD Emerging Markets Bond ETF+0.3% 6d
iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in Brazil
- EMLC VanEck J.P. Morgan EM Local Currency Bond ETF-3.0% 30d
VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from Brazil.
- EEM iShares MSCI Emerging Markets ETF-4.8% 16d
iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes Brazil
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USO | +10.89% | +3.88% | base | after close | after close | after close | after close |
| XLE | +7.65% | -0.44% | base | after close | after close | after close | after close |
| BWET | +44.12% | +15.72% | base | after close | after close | after close | after close |
| EWZ | -2.71% | -2.64% | base | after close | after close | after close | after close |
| CEW | +0.00% | +0.00% | base | after close | after close | after close | after close |
| EMB | -1.09% | -0.55% | base | after close | after close | after close | after close |
| EMLC | -1.31% | -0.61% | base | after close | after close | after close | after close |
| EEM | +0.13% | -4.87% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Brazil central bank flags oil, El Niño, labor and FX shocks behind inflation rebound StreetInsider
Source: StreetInsider
The price since 10 Nov 2026: United States Oil Fund (USO) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| Amplify Commodity Trust (BWET) | three days earlier | +15.72% | final price |
| Amplify Commodity Trust (BWET) | five days earlier | +44.12% | final price |
| Wisdomtree Tr (CEW) | three days earlier | 0.00% | final price |
| Wisdomtree Tr (CEW) | five days earlier | 0.00% | final price |
| Ishares Tr (EEM) | three days earlier | -4.87% | final price |
| Ishares Tr (EEM) | five days earlier | +0.13% | final price |
| Ishares Tr (EMB) | three days earlier | -0.55% | final price |
| Ishares Tr (EMB) | five days earlier | -1.09% | final price |
| Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC) | three days earlier | -0.61% | final price |
| Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC) | five days earlier | -1.31% | final price |
| Ishares Msci Brazil Etf (EWZ) | three days earlier | -2.64% | final price |
| Ishares Msci Brazil Etf (EWZ) | five days earlier | -2.71% | final price |
| United States Oil Fund (USO) | three days earlier | +3.88% | final price |
| United States Oil Fund (USO) | five days earlier | +10.89% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | -0.44% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +7.65% | final price |
Companies in energy around United States Oil Fund (USO)
Companies carried with this story
- USO United States Oil Fund
For “Brazil central bank flags oil, El Niño, labor and FX shocks behind inflation rebound,” United States Oil Fund (USO) is linked, with no stored direction, medium confidence. Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
- XLE Select Sector Spdr Tr
In “Brazil central bank flags oil, El Niño, labor and FX shocks behind inflation rebound,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
- BWET Amplify Commodity Trust
Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence in the 10 Nov 2026 story “Brazil central bank flags oil, El Niño, labor and FX shocks behind inflation rebound.” Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “oil” (tanker shipping) in this story
- EWZ Ishares Msci Brazil Etf
Ishares Msci Brazil Etf (EWZ) is linked, with no stored direction, medium confidence in the 10 Nov 2026 story “Brazil central bank flags oil, El Niño, labor and FX shocks behind inflation rebound.” Reason on file: iShares MSCI Brazil ETF holds stocks listed in Brazil, which this story is about (“brazil”)
- CEW Wisdomtree Tr
Wisdomtree Tr (CEW) is linked, with no stored direction, medium confidence in the 10 Nov 2026 story “Brazil central bank flags oil, El Niño, labor and FX shocks behind inflation rebound.” Reason on file: WisdomTree Emerging Currency Strategy Fund holds emerging-market currencies, which move on news like this from Brazil
- EMB Ishares Tr
For “Brazil central bank flags oil, El Niño, labor and FX shocks behind inflation rebound,” Ishares Tr (EMB) is linked, with no stored direction, medium confidence. Reason on file: iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in Brazil
- EMLC Vaneck J. P. Morgan Em Local Currency Bond Etf
Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC) is linked, with no stored direction, medium confidence in the 10 Nov 2026 story “Brazil central bank flags oil, El Niño, labor and FX shocks behind inflation rebound.” Reason on file: VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from Brazil
- EEM Ishares Tr
For “Brazil central bank flags oil, El Niño, labor and FX shocks behind inflation rebound,” Ishares Tr (EEM) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes Brazil
United States Oil Fund (USO) and the energy link
On 10 Nov 2026, “Brazil central bank flags oil, El Niño, labor and FX shocks behind inflation rebound” is the story that connects United States Oil Fund (USO) to Energy.
The link for United States Oil Fund (USO) is this: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
A second company, Select Sector Spdr Tr (XLE), is listed for a different reason: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
Dates in the story, and the United States Oil Fund (USO) price range
BWET traded between 788.51 and 1047.07 across 17 sessions. The latest close on file is 907.20. USO traded between 143.02 and 171.80 across 20 sessions. The latest close on file is 148.41. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.
A simple score for United States Oil Fund (USO)
77 out of 100
“Brazil central bank flags oil, El Niño, labor and FX shocks behind inflation rebound” scores 77 out of 100. The score uses 5 sources, and 8 linked companies.