(MENAFN- The Rio Times) Brazil's financial markets open today on the heels of a 12th consecutive Ibovespa record, fueled by October inflation cooling to just 0.09%-the softest October reading since 1998.

This eases near-term pressure on households and businesses while keeping the 12-month rate at 4.68%, still above the Central Bank's upper tolerance band.

Gol's leaner post-restructuring model signals steadier domestic travel and investor appeal, and Brazil's critical-minerals push holds massive GDP promise despite bureaucratic delays stalling a clearer industrial strategy.

Today's sole Brazilian print-07:00 AM BRT September services growth (prev. MoM 0.1%, YoY 2.5%)-matters because a firm read reinforces post-inflation relief, supports private-sector momentum, and bolsters early-2026 Selic-cut conviction; any stall risks tempering the record streak and foreign inflows.
Key global prints steer EM sentiment:

• 05:00 AM BRT OPEC Monthly Report
  
• 07:00 AM BRT U.S. MBA Mortgage Applications
  
• All day Eurogroup Meetings
  

These matter because OPEC supply signals influence Brent and Petrobras pricing; steady U.S. housing data sustains dollar pause, aiding BRL carry; Eurogroup tone sets EUR spill into commodity-exposed names.
Economic Agenda for November 12, 2025
Brazil

• 07:00 AM BRT – Service Sector Growth (MoM) (Sep) Prev: 0.1%
  
• 07:00 AM BRT – Service Sector Growth (YoY) (Sep) Prev: 2.5%
  Implication: Solid expansion = consumption rebound, cut bets, equity bid; soft print = caution on recovery pace, BRL cap.
  

Mexico

• 11:00 AM BRT – Thomson Reuters IPSOS PCSI (Nov) Prev: 53.45
  Implication: Confidence uptick lifts near-shoring narrative, peso spill aids regional carry.
  

United States

• 07:00 AM BRT – MBA Mortgage Applications (WoW) Prev: –1.9%
  
• 09:20 AM BRT – FOMC Member Williams Speaks
  
• 10:20 AM BRT – Fed Waller Speaks
  Implication: Firm applications + dovish Fed = softer dollar, EM relief; hawkish tilt caps risk-on.
  

Europe

• 12 min past hour – Italian Industrial Production (MoM) (Sep) Act: 2.8%
  
• 05:00 AM BRT – OPEC Monthly Report
  
• 05:45 AM BRT – ECB's Schnabel Speaks
  Implication: Italian rebound curbs EZ drag; OPEC/ECB tone sets oil/EUR path, indirect commodity spill.
  

Why These Events Matter: Brazil's services gauge is today's local anchor-robust growth keeps the post-inflation rally alive and foreign bids strong.

Global oil/housing/Fed cues set the dollar-commodity tempo; upside surprises prolong high-Selic discipline, while dovish signals fuel EM revival and Ibovespa fuel.
Brazil's Markets Yesterday
São Paulo's B3 surged to another nominal record on Tuesday, with the Ibovespa closing at 157,748 (+1.6%) and briefly crossing 158,000.

It was the 15th straight advance and 12th consecutive record, powered by a rare combination of softer inflation, firmer currency and rising confidence that interest-rate cuts are nearing. The dollar eased to about R$5.27, its lowest since mid-2024.

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U.S. Markets Yesterday
On November 11, 2025, U.S. markets ended mixed: the S&P 500 rose 0.2%, the Dow Jones gained 1.2% to a record close, and the Nasdaq fell 0.3% due to continued pressure on AI stocks like Nvidia. Paramount Skydance (+9.8%) and FedEx (+5.4%) led gainers.

Trading was light with bond markets closed for Veterans Day. The S&P 500 is up 16.4% for the year, the Dow 12.7%, and the Nasdaq 21.5%. Investors awaited the end of the historic government shutdown as the Senate advanced a funding bill.

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Mexico's Market Yesterday
Mexico's markets rallied on Tuesday, with the peso near 18.31 per dollar and the IPC index hitting a record at 64,321 after a 1.9% surge. Gains were broad, led by banks and consumer staples.

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Argentina's Market Yesterday
Argentina's peso opened steady near 1,410 per dollar officially and 1,420–1,440 for the blue dollar, with the gap narrowing. Equities cooled after a breakout, with the S&P Merval hovering below recent highs in consolidation.

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Colombia's Market Yesterday
The Colombian market opened higher with the COLCAP near 2,080 in record territory and the peso trading around 3.73–3.76 per dollar after a firm session. The rally defied political noise due to discounted valuations and strong dividend yields.

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Chile's Market Yesterday
Chile's stock market rose, with the IPSA extending its rally led by banks, miners, utilities, and retail. The peso strengthened against the dollar, trading around mid-930s USD/CLP.

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Commodities
Brazilian Real
The real strengthened to 5.2732 USD/BRL Tuesday, down 0.64%, buoyed by cooler-than-expected inflation, Copom minutes signaling the 15% Selic rate is adequate for a prolonged period, improved global risk appetite from a U.S. government funding deal, and higher commodity prices (Brent futures up 1.7% to $65 a barrel). Charts trend below short-term moving averages; bias bullish toward 5.26–5.24 if optimism holds.

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Cryptocurrencies
Crypto market softens; Bitcoin at $103,400 (–1.6%), Ether $3,449 (–3.2%). Altcoins broadly lower (Solana –5.3%, XRP –3.2%).

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Companies and Market
Industry Outlook
Corporate discipline shines-Gol posts first profit post-Chapter 11 on leaner ops, Prio scales oil output via Peregrino deal, Braskem slashes loss on Alagoas resolution amid softer dollar and rate relief.

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Key Developments
Gol Q3 net profit R$248m (vs year-earlier loss), revenue +11.6% to R$5.54bn, recurring EBITDA R$1.63bn on higher utilization and lower fuel; leverage down to 3.2x.

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Prio acquires 40% of Peregrino fields for $1.545bn, gaining operatorship and adding ~40,000 bpd to push total output beyond 150,000 bpd.

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Braskem Q3 net loss narrows 96% to R$26m on Alagoas deal progress.

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