(MENAFN- The Rio Times) Brazil's financial markets open today extending an 11th straight record close for the Ibovespa, buoyed by global risk appetite and a softer dollar amid U.S. shutdown progress.

A transformative new river link now gives Manaus a direct Pacific gateway, slashing over a week off sailing times to Asia via dredged Alto Solimões channels, tri-border road legs, and ports like Peru's Chancay-boosting agribusiness, bio-economy exports, and factory supply chains while creating jobs and cutting logistics costs under a R$3.8 billion integration plan.

Yesterday's BCB Focus report kept 2025 inflation forecasts near 4.55%, reinforcing contained expectations and high-carry appeal with Selic steady at 15%.

Today's key Brazilian prints-06:00 AM BRT Copom minutes and 07:00 AM BRT October CPI (cons. MoM 0.16%, YoY 4.75%)-matter because dovish signals or a soft inflation read re-anchor cooling expectations, fueling early-2026 cut bets and Ibovespa momentum; any hawkish tilt prolongs 15% Selic pain and caps BRL below 5.25.
Key global prints steer EM flows:

• 06:00 AM BRT NFIB optimism (cons. 98.5)
  
• 05:00 AM BRT German ZEW sentiment (cons. 41.0)
  
• All day Canada holiday (Armistice Day)
  

These matter because upbeat U.S. small-business confidence or EZ sentiment revival supports risk-on spill into Petrobras/Vale; Canadian closure curbs CAD liquidity, indirectly lifting BRL carry amid dollar pause.


Economic Agenda for November 11, 2025
Brazil

• 06:00 AM BRT – BCB Copom Meeting Minutes
  
• 07:00 AM BRT – CPI (MoM) (Oct) Cons: 0.16% Prev: 0.48%
  
• 07:00 AM BRT – CPI (YoY) (Oct) Cons: 4.75% Prev: 5.17%
  Implication: Soft print + dovish minutes = cut bets, equity bid, BRL support; hot read = prolonged Selic, dollar spikes.
  

Mexico

• 07:00 AM BRT – Industrial Production (MoM) (Sep) Cons: 0.0% Prev: –0.3%
  
• 07:00 AM BRT – Industrial Production (YoY) (Sep) Prev: –3.6%
  Implication: Weak output drags near-shoring narrative, peso spill pressures BRL carry.
  

United States

• 06:00 AM BRT – NFIB Small Business Optimism (Oct) Cons: 98.5 Prev: 98.8
  
• 06:00 AM BRT – Wholesale Inventories (MoM) (Aug) Prev: –0.2%
  Implication: Firm confidence + inventory build = dollar firmness, EM pause.
  

Europe

• 05:00 AM BRT – German ZEW Current Conditions (Nov) Cons: –77.5 Prev: –80.0
  
• 05:00 AM BRT – German ZEW Economic Sentiment (Nov) Cons: 41.0 Prev: 39.3
  
• 03:20 AM BRT – ECB President Lagarde Speaks
  Implication: Improved ZEW curbs commodity drag; Lagarde tone sets EUR path, indirect oil spill.
  

Why These Events Matter: Brazil's CPI and Copom minutes are the local anchors-cool numbers keep the record streak alive and foreign inflows bid.

Global sentiment gauges set the dollar tempo; upside surprises prolong Selic discipline, while misses fuel EM revival and Ibovespa fuel.
Brazil's Markets Yesterday
São Paulo's B3 notched an 11th straight record and a 14th day of gains, propelled by global risk appetite and a softer dollar that eased pressure on local rates.

The Ibovespa closed at 155,257 (+0.77%) with turnover around R$22.5 billion, while the real firmed to roughly 5.30 per dollar. Petrobras and Vale advanced alongside stronger oil and steady iron-ore sentiment.

Retail rallied on the pullback in long-dated DI rates; Raízen rose after agreeing to sell the Continental sugar-energy mill for R$750 million.

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U.S. Markets Yesterday
U.S. stock markets closed sharply higher on Monday, November 10, 2025, led by a strong rebound in Big Tech and AI-related stocks.

The S&P 500 rose 1.5%, the Dow Jones Industrial Average gained 0.8%, and the Nasdaq Composite jumped 2.3%, its best day since May.

Nvidia was the top performer. The rally followed signs of progress in ending the record-long U.S. government shutdown. YTD: S&P +16.2%, Nasdaq +21.8%.

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Mexico's Market Yesterday
The Mexican peso hovered around 18.37 per USD, extending modest strength as the dollar paused. The S&P/BMV IPC slipped roughly 0.5% to about 63,100, a brief pause after multi-week climb.

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Argentina's Market Yesterday
Argentina's peso steadied, with official rate at 1,445 ARS/USD and blue rate at 1,425 ARS/USD (gap 20 ARS). S&P Merval extended rebound in the 2.90–2.93 million band, led by industrials and utilities (Ternium, Aluar, Edenor top gainers).

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Colombia's Market Yesterday
The Colombian peso strengthened, USD/COP around 3,750–3,760. MSCI COLCAP consolidated around 2,060–2,075 after powerful run, with Conconcreto (+16.1%) and Fabricato (+8.6%) leading.

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Chile's Market Yesterday
The Chilean peso firmed to near 937–938 per USD amid copper climb. S&P IPSA closed at 9,660 (+0.6%), notching its 55th record of the year on trade-exposed sectors and rate-cut bets.

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Commodities
Brazilian Real
The real strengthened to around 5.29 USD/BRL Monday, buoyed by U.S. shutdown progress easing dollar safe-haven flows, Brent near $64, and Selic at 15% reinforcing carry while Focus kept 2025 inflation near 4.55%. Charts hug lower Bollinger, oversold RSI; bias mildly bullish toward 5.25–5.22 if shutdown optimism holds.

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Cryptocurrencies
Crypto slipped; Bitcoin around $104,900 (–1.4%), Ether $3,551 (–1.7%). Altcoins broadly lower (Solana –2–3%, Litecoin –4.8%), though UNI surged 26% on governance. Heavy ETF outflows eased marginally; range-bound beneath $106–108k resistance.

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Companies and Market
Industry Outlook
Corporate discipline shines-Raízen portfolio tidy, Mater Dei richer mix, M. Dias Branco scale-back for margins amid softer dollar and rate relief.
Key Developments
Raízen sells Continental mill for R$750m, preserving 73m tons crushing while cutting complexity; Q2 preview crushes 35.1m tons.

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Mater Dei revenue +16.3% to R$567.9m on higher-complexity cases, though net –57.2% to R$27.5m on tax/mix.

M. Dias Branco net +73.3% to R$216.1m via volume +5.6%, price cuts for share; EBITDA R$318m, cash flow R$530m.

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