Brazil Senate committee backs central bank autonomy despite Lula resistance

A Brazilian Senate committee on Wednesday advanced a bill to grant the central bank financial autonomy, boosting its independence in a move opposed by President Luiz ​Inacio Lula da Silva's administration.

Reuters • Jun 10, 2026

Trump administration proposes 25% tariff on Brazilian goods over unfair trade practices

U.S Trade Representative Jamieson Greer said that the investigation under Section 301 was launched at the direction of U.S. President Donald Trump.

CNBC • Jun 2, 2026

Brazil plans $10 bln Eco Invest auction, eyes foreign investors

Brazil expects to raise 50 billion reais ($9.92 billion) in what will be the most ambitious auction yet under its Eco ​Invest program, focused on developing advanced sustainable technologies in strategic ‌sectors, Rogerio Ceron, executive secretary of the Finance Ministry, told Reuters.

Reuters • May 25, 2026

EWZS: The Asymmetry In Brazilian Small Caps Thesis

I reiterate my buy rating on the iShares MSCI Brazil Small-Cap ETF, citing a compelling cyclical opportunity. EWZS trades at 7.5x earnings, with a historical re-rating to 9x offering a potential 20% upside. Falling Brazilian interest rates provide a significant tailwind for leveraged small caps, improving financial results and economic conditions.

Seeking Alpha • May 14, 2026

Eyes On Brazilian Assets - Compelling 2026 Opportunity

Brazil's current P/E of 12.5x versus emerging markets' 16.2x suggests a potential 29% upside if re-rating occurs post-election. Risks include Lula's political resilience, judicial influence, and historical underperformance at similar P/E levels, necessitating careful timing and monitoring.

Seeking Alpha • May 1, 2026

Brazil stocks slide as hawkish signals, oil risks weigh on Ibovespa

Brazil's benchmark Ibovespa fell about 1% on Friday, slipping below the 179,000 mark as investors recalibrated expectations in response to a more cautious tone from central banks and escalating geopolitical tensions in the Middle East. The decline reflects a broader reassessment of monetary policy trajectories, particularly as rising energy costs revive concerns about inflation.

Invezz • Mar 20, 2026

EWZS: Why Brazil's Rate-Cut Cycle Could Lift Small Caps Next

Strong foreign capital inflows into Brazil, supported by one of the highest real interest rate differentials globally, have been a key driver of the recent rally in Brazilian equities. As monetary policy begins to shift toward easing, domestically exposed small caps could become the next leg of the Brazil trade. EWZS provides diversified exposure to Brazilian small-caps that act as direct proxies for the domestic economy, unlike Brazil's commodity-heavy large caps.

Seeking Alpha • Mar 5, 2026

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

EWZS: Brazilian Small-Caps Still Look Appealing Despite New Macro Challenges

Brazil's economy has improved since 2022, especially in controlling inflation, but faces slower GDP growth through 2026. The Finance Ministry cut its 2025 growth forecast to 2.2% after weak Q2 results, with projections below 2% for 2026 and 2027. The Central Bank's cautious monetary policy, keeping rates at 15%, supports inflation control but limits economic expansion.

Seeking Alpha • Dec 3, 2025

EWZS: High Turnover, Low Returns, And Structural Weakness

iShares MSCI Brazil Small-Cap ETF is analyzed for its potential to deliver higher long-term returns than its large-cap counterpart. Focus is placed on the ETF's underlying holdings, emphasizing valuations, business quality, and growth rates over macroeconomic predictions. Short-term market noise and macro forecasts are intentionally disregarded to provide a clearer view of EWZS's investment prospects.

Seeking Alpha • Sep 26, 2025