巴西IBOVESPA股指 (iBovespa) 加自选

穆迪评级将巴西的主权信用评级前景从“积极”上调至“稳定”，同时确认其“Ba1”评级，理由是在解决支出刚性和围绕财政政策建立信誉方面进展慢于预期。穆迪于10月将巴西评级上调至Ba1，并将前景变化归因于“债务负担能力的明显恶化”。该机构指出，这些挑战抵消了投资和GDP增长的上行潜力，以及“广泛支持巴西信贷质量”的持续经济改革。标准普尔对巴西的信用评级为BB，前景稳定。DBRS对巴西的信用评级最后报告为BB，前景稳定。

Moody's Ratings revised Brazil’s sovereign credit rating outlook to ‘stable’ from ‘positive’ while affirming its ‘Ba1’ rating, citing slower-than-expected progress in addressing spending rigidity and building credibility around fiscal policy. Moody’s, which had upgraded Brazil in October to the Ba1 rating, also attributed the outlook change to “a pronounced deterioration in debt affordability.” The agency noted that these challenges offset the upside potential for investment and GDP growth, as well as ongoing economic reforms that “are broadly supportive of Brazil’s credit quality.” Standard & Poor's credit rating for Brazil stands at BB with a stable outlook. DBRS' credit rating for Brazil was last reported at BB with a stable outlook.

穆迪将巴西的前景从积极改为稳定，确认Ba1评级。穆迪评级周五将巴西的前景从积极改为稳定，同时确认其Ba1评级，理由是债务负担能力恶化，“在解决支出刚性和围绕财政政策建立信誉方面的进展低于预期”

Moody's changes Brazil's outlook to stable from positive, affirms Ba1 ratings.Moody's Ratings on Friday changed its outlook on Brazil to stable from positive while affirming its Ba1 ratings, citing a deterioration in debt affordability and "slower-than-expected progress in addressing spending rigidity and building credibility around fiscal policy."

周五，Ibovespa指数下跌1%，收于137120点，这是连续第三次下跌，因为投资者消化了新的经济数据和新的贸易政策担忧。巴西第一季度的国内生产总值比上一季度增长了1.4%，大致符合预期，比第四季度明显加速，这加强了央行保持其已经具有限制性的利率的理由，这是全球实际利率最高的国家之一。与此同时，在美国法院恢复之前暂停的关税，特朗普总统表示对中国设置新的壁垒后，贸易前景变得黯淡。主要股票拖累该指数，淡水河谷下跌2%，巴西国家石油公司下跌0.6%，而主要银行也以亏损收盘。围绕政府提高金融交易税计划的政治紧张局势加剧了市场的不安。本周，Ibovespa指数下跌0.5%。

The Ibovespa fell 1% to close at 137,120 on Friday, marking its third consecutive decline as investors digested fresh economic data and renewed trade policy concerns. Brazil’s GDP grew 1.4% in the first quarter from the previous period, roughly in line with expectations and a notable acceleration from Q4, reinforcing the case for the central bank to keep its already restrictive interest rate in place—one of the highest in real terms globally. Meanwhile, the trade outlook darkened after US courts reinstated previously suspended tariffs and President Trump signaled new barriers against China. Key stocks weighed on the index, with Vale down 2% and Petrobras slipping 0.6%, while major banks also closed in the red. Political tensions surrounding the government's plan to raise the Tax on Financial Transactions added to market unease. For the week, the Ibovespa declined 0.5%.

周五，Ibovespa指数坚决下跌至137700点，由于市场评估了一批新的经济数据和悲观的贸易政策信号，该指数将连续第三个交易日下跌。巴西第一季度国内生产总值较上一季度增长1.4%，与市场预期基本一致，较第三季度大幅加速，并为央行长期维持其限制性利率增加了余地，该利率是全球最高的实际利率之一。反过来，在美国法院恢复了早先一揽子计划的关税，特朗普总统表示对中国设置壁垒后，贸易前景恶化。淡水河谷和主要银行下滑，而巴西国家石油公司波动。另一个焦点是政府提高金融交易税的法令引发的持续政治紧张局势。

The Ibovespa was firmly lower at 137,700 on Friday, set to decline for a third straight session as markets assessed a batch of fresh economic data and pessimistic trade policy signals. Brazil’s GDP rose 1.4% in Q1 from the previous quarter, broadly in line with market expectations, to accelerate sharply from the third quarter and add leeway for the central bank to maintain its restrictive interest rate for a prolonged period, among the highest real interest rates globally. In turn, the outlook on trade worsened after US courts reinstated tariffs from their earlier package and President Trump signaled barriers against China. Vale and major banks slipped, while Petrobras fluctuated. Also in focus is the ongoing political tension over the government’s decree to raise the Tax on Financial Transactions.