Brazil markets rise as Lula interview and earnings season take center stage

As investors concentrated on political developments and a packed schedule of corporate earnings, Ibovespa futures were trading higher on Thursday, indicating a cautiously optimistic tone in Brazilian markets. The February futures contract was up 0.17% at 182,705 points at 9:07 a.m.

Invezz • Feb 5, 2026

EWZ: This Is How The 'Donroe Doctrine' Impacts Brazilian Assets

I am raising iShares MSCI Brazil ETF from hold to buy, citing strong momentum and favorable geopolitical dynamics. EWZ benefits from U.S. national security strategy shifts, anticipated American influence in Brazil's 2026 election, and commodity-driven tailwinds. Despite Brazil's rising debt and political risks, EWZ offers a substantial margin of safety with attractive risk-return, even in a worst-case scenario.

Seeking Alpha • Feb 5, 2026

ETF Edge: A fundamental shift in international investing as geopolitical concerns swing markets

Political and economic tensions, domestic headlines, currency flows and the Federal Reserve have all combined to reignite the “United States vs. international” investing debate.

CNBC Television • Jan 29, 2026

EWZ: Favorable Risk-Reward Even After A Strong 2025

iShares MSCI Brazil ETF's 2025 rally was driven by global flows, USD weakness, and carry—not by domestic growth or fiscal reform. Even after the re-rating, EWZ remains attractive versus developed markets, with high real carry anchoring the BRL and dividends supporting total returns. The 2026 upside depends less on Brazil “improving” and more on fiscal risk staying contained while global liquidity and political optionality do the work.

Seeking Alpha • Jan 22, 2026

Trade Tracker: Stephanie Link sells the INDA and buys the EWZ

Stephanie Link, CIO at Hightower, joins CNBC's "Halftime Report" to detail her latest portfolio moves outside of the U.S.

CNBC Television • Jan 13, 2026

Brazilian stocks rally on higher oil prices and strong services data

Brazilian equities posted strong gains on Tuesday, supported by higher oil prices and fresh signs of improving domestic economic activity. According to InfoMoney, the Ibovespa — the benchmark index — advanced sharply after the opening bell.

Invezz • Jan 6, 2026

The Top-Performing Ex-U.S. Equities Regions This Year Will Surprise You

2025 was a big year for ex-U.S. equities, as a declining dollar, tariff uncertainty, and domestic concentration risk drove investors abroad. Broad ex-U.S. equities performed well and rewarded those investors, but it was some notable subregions that really delivered.

ETF Trends • Dec 31, 2025

Brazil's Stock Market Had a Knockout Year. More Gains Hinge on Political Change.

What's driving the bull run in Brazilian stocks is the prospect of change under a new president after the election next October.

Barrons • Dec 23, 2025

This Hasn't Happened Since 2018, And Could Redefine The Course Of The Brazilian Elections

I maintain a Hold rating on EWZ and other ETFs tracking Brazilian indices, citing unattractive risk-return for long-term investors. Recent gains in EWZ are attributed to global factors like Fed rate cuts, not domestic macroeconomic improvements. Brazil's political landscape shifted as Jair Bolsonaro supports his son for 2026, increasing uncertainty and market volatility.

Seeking Alpha • Dec 11, 2025

EWZ: Brazil Has A Reasonably Upbeat Outlook For 2026

The iShares MSCI Brazil ETF has surged 48% year-to-date. EWZ's top position is Nu Holdings, a high-growth fintech that offers significant upside potential. I have some reservations about the Brazil ETF, which keep me at cautious optimism rather than an unabashedly bullish perspective.

Seeking Alpha • Dec 3, 2025