Brazilian Key Rate Forecasts Soar After Lula’s Shock Reelection
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-15.9% 30d
iShares MSCI Brazil ETF holds stocks listed in Brazil, which this story is about (“brazilian”).
- EMB iShares J.P. Morgan USD Emerging Markets Bond ETF-1.9% 10d
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-2.9% 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-0.0% 30d
iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes 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 (“brazilian”) reaches its shares.
- ITUB Itaú Unibanco Holding S.A+23.3% 7d
Itaú Unibanco Holding S.A (state commercial banks) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazilian”) 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 (“brazilian”) reaches its shares.
- VALE Vale S.A-2.1% 11d
Vale S.A (metal mining) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazilian”) 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 | +6.72% | +3.05% | base | after close | after close | after close | after close |
| EMB | +0.14% | +0.50% | base | after close | after close | after close | after close |
| EMLC | +0.39% | +0.39% | base | after close | after close | after close | after close |
| EEM | +2.27% | +2.65% | base | after close | after close | after close | after close |
| PBR | +5.29% | +3.45% | base | after close | after close | after close | after close |
| ITUB | +6.83% | +2.79% | base | after close | after close | after close | after close |
| NU | +6.71% | +3.74% | base | after close | after close | after close | after close |
| VALE | +4.23% | -1.59% | 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.
Brazilian Key Rate Forecasts Soar After Lula’s Shock Reelection Bloomberg
Source: Bloomberg
How far Ishares Msci Brazil Etf (EWZ) has moved since 3 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Ishares Tr (EEM) | three days earlier | +2.65% | final price |
| Ishares Tr (EEM) | five days earlier | +2.27% | final price |
| Ishares Tr (EMB) | three days earlier | +0.50% | final price |
| Ishares Tr (EMB) | five days earlier | +0.14% | final price |
| Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC) | three days earlier | +0.39% | final price |
| Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC) | five days earlier | +0.39% | final price |
| Ishares Msci Brazil Etf (EWZ) | three days earlier | +3.05% | final price |
| Ishares Msci Brazil Etf (EWZ) | five days earlier | +6.72% | final price |
| Itau Unibanco Holding S.A (ITUB) | three days earlier | +2.79% | final price |
| Itau Unibanco Holding S.A (ITUB) | five days earlier | +6.83% | final price |
| Nu Holdings (NU) | three days earlier | +3.74% | final price |
| Nu Holdings (NU) | five days earlier | +6.71% | final price |
| Petrobras - Petroleo Brasileiro (PBR) | three days earlier | +3.45% | final price |
| Petrobras - Petroleo Brasileiro (PBR) | five days earlier | +5.29% | final price |
| Vale S.A (VALE) | three days earlier | -1.59% | final price |
| Vale S.A (VALE) | five days earlier | +4.23% | final price |
Who gains and who loses around Ishares Msci Brazil Etf (EWZ)
Companies carried with this story
- EWZ Ishares Msci Brazil Etf
For “Brazilian Key Rate Forecasts Soar After Lula’s Shock Reelection,” Ishares Msci Brazil Etf (EWZ) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Brazil ETF holds stocks listed in Brazil, which this story is about (“brazilian”)
- EMB Ishares Tr
For “Brazilian Key Rate Forecasts Soar After Lula’s Shock Reelection,” 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
For “Brazilian Key Rate Forecasts Soar After Lula’s Shock Reelection,” Vaneck J. P. Morgan Em Local Currency Bond Etf (EMLC) is linked, with no stored direction, medium confidence. 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 “Brazilian Key Rate Forecasts Soar After Lula’s Shock Reelection,” 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
- PBR Petrobras - Petroleo Brasileiro
Petrobras - Petroleo Brasileiro (PBR) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Brazilian Key Rate Forecasts Soar After Lula’s Shock Reelection.” 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 (“brazilian”) 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 3 Nov 2026 story “Brazilian Key Rate Forecasts Soar After Lula’s Shock Reelection.” 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 (“brazilian”) reaches its shares
- NU Nu Holdings
Nu Holdings (NU) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Brazilian Key Rate Forecasts Soar After Lula’s Shock Reelection.” Reason on file: Nu Holdings (finance services) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazilian”) reaches its shares
- VALE Vale S.A
For “Brazilian Key Rate Forecasts Soar After Lula’s Shock Reelection,” Vale S.A (VALE) is linked, with no stored direction, medium confidence. Reason on file: Vale S.A (metal mining) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazilian”) reaches its shares
Ishares Msci Brazil Etf (EWZ)
“Brazilian Key Rate Forecasts Soar After Lula’s Shock Reelection” (3 Nov 2026) reaches Ishares Msci Brazil Etf (EWZ) through this story.
The link for Ishares Msci Brazil Etf (EWZ) is this: iShares MSCI Brazil ETF holds stocks listed in Brazil, which this story is about (“brazilian”)
A second company, Ishares Tr (EMB), is listed for a different reason: 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
Price levels for Ishares Msci Brazil Etf (EWZ)
EMB traded between 90.23 and 91.35 across 6 sessions. The latest close on file is 91.26. EMLC traded between 24.50 and 25.02 across 20 sessions. The latest close on file is 24.56. EWZ traded between 31.40 and 43.77 across 20 sessions. The latest close on file is 32.16.
What the saved facts support for Ishares Msci Brazil Etf (EWZ)
46 out of 100
“Brazilian Key Rate Forecasts Soar After Lula’s Shock Reelection” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.