巴西10年期国债 (Brazil10Y) 加自选

周一，Ibovespa指数下跌1.2%，收于133491点，从9月份的高点回落，因为大宗商品价格下跌和贸易政策的不确定性再次打压市场情绪。巴西国家石油公司是表现最差的公司之一，下跌2.6%，因为欧佩克+同意加快供应增长后，石油基准下跌。WEG、JBS和Eletrobras也落后，分别下跌4.2%、3.2%和2.6%。与此同时，对周三Copom会议上Selic进一步加息50个基点的预期增加了风险资产的压力。更令人担忧的是，特朗普总统出人意料地决定对非美国电影征收100%的关税，这再次引发了人们对更广泛的贸易溢出效应的担忧，这可能会抑制全球对大宗商品的需求。

The Ibovespa fell 1.2% to close at 133,491 on Monday, retreating from September highs as declining commodity prices and renewed trade-policy uncertainty weighed on sentiment. Petrobras was among the worst performers, shedding 2.6% as oil benchmarks fell following OPEC+'s agreement to accelerate supply increases. WEG, JBS, and Eletrobras also lagged, losing 4.2%, 3.2%, and 2.6%, respectively. Meanwhile, expectations of a further 50-basis-point Selic rate hike at Wednesday’s Copom meeting added pressure on risk assets. Adding to concerns, President Trump’s surprise decision to impose a 100% tariff on non-U.S. films reignited fears of broader trade spillovers that could dampen global demand for commodities.

哈达德说，巴西经济每年可以增长3%。巴西财政部长费尔南多·哈达德周一表示，该国有条件以每年3%的平均速度增长，这是路易斯·伊纳西奥·卢拉·达席尔瓦总统政府的目标。

Brazil's economy can grow 3% annually, Haddad says.Brazilian Finance Minister Fernando Haddad said on Monday the country has the conditions to grow at an average pace of 3% per year, which is the goal of President Luiz Inacio Lula da Silva's administration.

周一，Ibovespa指数徘徊在135300点附近的水平线以下，由于大宗商品价格下跌和贸易政策的不确定性再次打压市场情绪，该指数一直徘徊在9月份的高点。石油基准指数下跌，此前欧佩克+同意加快供应增长，将巴西国家石油公司的市值削减约1%。与此同时，DI曲线变陡反映了周三Copom会议上Selic加息25个基点的预期，增加了风险资产的压力。更令人担忧的是，特朗普总统出人意料地决定对非美国电影征收100%的关税，这再次引发了人们对更广泛的贸易溢出效应的担忧，这可能会抑制全球对大宗商品的需求。尽管如此，主要银行的涨幅提供了一些支持，巴西银行和桑坦德银行的涨幅均超过1.5%。

The Ibovespa hovered just below the flatline around the 135,300 mark on Monday, clinging to September highs as falling commodity prices and renewed trade-policy uncertainty weighed on sentiment. Oil benchmarks declined after OPEC+ agreed to speed up supply increases, trimming about 1% off Petrobras’s market value. Meanwhile, DI curve steepening reflected expectations of a further 25-basis-point Selic rate hike at Wednesday’s Copom meeting, adding pressure on risk assets. Adding to concerns, President Trump’s surprise decision to impose a 100% tariff on non-U.S. films reignited fears of broader trade spillovers that could dampen global demand for commodities. Still, gains in major banks offered some support, with Banco do Brasil and Santander rising more than 1.5% each.

巴西人口最多的城市圣保罗的消费者价格在4月份环比上涨0.45%，较上月0.62%的涨幅有所放缓。食品（0.77%比3月份的1.44%）和住房（0.42%比1.14%）的价格上涨速度较慢，而个人护理（-0.40%比-0.60%）的价格则有所下降。

Consumer prices in Sao Paulo, Brazil's most populous city, rose by 0.45% month-over-month in April, slowing from a 0.62% increase in the prior month. Prices rose at a softer pace for food (0.77% vs 1.44% in March) and housing (0.42% vs 1.14%), while decreasing for personal care (-0.40% vs -0.60%).