Brazil’s markets sink to 2026 lows on fears over Lula’s policies
Published . Updated .
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This report is about Brazil.
Directly affected
- No company is named in this report.
Indirectly affected
- EWZ iShares MSCI Brazil ETF-15.1% 30d
iShares MSCI Brazil ETF holds stocks listed in Brazil, which this story is about (“brazil”).
- PBR Petróleo Brasileiro S.A. - Petrobras
Petróleo Brasileiro S.A. - Petrobras (crude petroleum and natural gas) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares.
- ITUB Itaú Unibanco Holding S.A+22.8% 6d
Itaú Unibanco Holding S.A (state commercial banks) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares.
- NU Nu Holdings
Nu Holdings (finance services) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares.
- VALE Vale S.A-0.3% 10d
Vale S.A (metal mining) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| EWZ | +6.02% | +2.28% | base | after close | after close | after close | after close |
| PBR | +4.53% | +4.62% | base | after close | after close | after close | after close |
| ITUB | +5.49% | +1.57% | base | after close | after close | after close | after close |
| NU | +3.19% | +0.09% | base | after close | after close | after close | after close |
| VALE | +4.42% | +3.87% | 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’s markets sink to 2026 lows on fears over Lula’s policies Valor International
Source: Valor International
Ishares Msci Brazil Etf (EWZ) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Ishares Msci Brazil Etf (EWZ) | three days earlier | +2.28% | final price |
| Ishares Msci Brazil Etf (EWZ) | five days earlier | +6.02% | final price |
| Itau Unibanco Holding S.A (ITUB) | three days earlier | +1.57% | final price |
| Itau Unibanco Holding S.A (ITUB) | five days earlier | +5.49% | final price |
| Nu Holdings (NU) | three days earlier | +0.09% | final price |
| Nu Holdings (NU) | five days earlier | +3.19% | final price |
| Petrobras - Petroleo Brasileiro (PBR) | three days earlier | +4.62% | final price |
| Petrobras - Petroleo Brasileiro (PBR) | five days earlier | +4.53% | final price |
| Vale S.A (VALE) | three days earlier | +3.87% | final price |
| Vale S.A (VALE) | five days earlier | +4.42% | final price |
Who gains and who loses around Ishares Msci Brazil Etf (EWZ)
Companies tied to this story
- EWZ Ishares Msci Brazil Etf
Ishares Msci Brazil Etf (EWZ) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Brazil’s markets sink to 2026 lows on fears over Lula’s policies.” Reason on file: iShares MSCI Brazil ETF holds stocks listed in Brazil, which this story is about (“brazil”)
- PBR Petrobras - Petroleo Brasileiro
For “Brazil’s markets sink to 2026 lows on fears over Lula’s policies,” Petrobras - Petroleo Brasileiro (PBR) is linked, with no stored direction, medium confidence. Reason on file: Petróleo Brasileiro S.A. - Petrobras (crude petroleum and natural gas) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares
- ITUB Itau Unibanco Holding S.A
Itau Unibanco Holding S.A (ITUB) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Brazil’s markets sink to 2026 lows on fears over Lula’s policies.” Reason on file: Itaú Unibanco Holding S.A (state commercial banks) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares
- NU Nu Holdings
In “Brazil’s markets sink to 2026 lows on fears over Lula’s policies,” Nu Holdings (NU) is linked, with no stored direction, medium confidence. Reason on file: Nu Holdings (finance services) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares
- VALE Vale S.A
Vale S.A (VALE) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Brazil’s markets sink to 2026 lows on fears over Lula’s policies.” Reason on file: Vale S.A (metal mining) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares
Ishares Msci Brazil Etf (EWZ)
The 4 Nov 2026 story “Brazil’s markets sink to 2026 lows on fears over Lula’s policies” names Ishares Msci Brazil Etf (EWZ) because of this story.
What ties Ishares Msci Brazil Etf (EWZ) to the headline is this: iShares MSCI Brazil ETF holds stocks listed in Brazil, which this story is about (“brazil”)
Also listed, Petrobras - Petroleo Brasileiro (PBR): Petróleo Brasileiro S.A. - Petrobras (crude petroleum and natural gas) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares
Dates in the story, and the Ishares Msci Brazil Etf (EWZ) price range
EWZ traded between 31.40 and 43.77 across 20 sessions. The latest close on file is 31.74. ITUB traded between 9.56 and 10.20 across 4 sessions. The latest close on file is 10.18.
How strong the case is around Ishares Msci Brazil Etf (EWZ)
40 out of 100
“Brazil’s markets sink to 2026 lows on fears over Lula’s policies” scores 40 out of 100. The score uses 1 sources, and 5 linked companies.