
The Ibovespa rose 0.66% on Friday 13 November to close at 172,457 points, a weekly gain of 2.35%. The commercial dollar ended at R$5.655 after a 0.05% rise.
The gains recover only a small part of the 13.88% drop after Lula's re-election, and the Senate-approved fiscal package has an estimated fiscal impact of R$45.1 billion to R$56.1 billion.
The fiscal package and rising dollar affect Brazil's currency and interest rates, which in turn influence the cost of imported feed inputs and the export prices of Brazilian farm commodities.
After 301 past bullish macro events, Brazilian Real (BRL per USD) moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.7%), and +1.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.