
Brazil's overall stock market capitalisation rose 27% in dollar terms over the year to March, and M&A activity has recovered. Investors remain concerned about October presidential elections and emerging market volatility caused by rising US yields.
Political uncertainty and fiscal reform needs can move the real and Brazilian asset prices, which affects the cost of imported inputs and the export economics of Brazilian feed commodities.
After 621 past macro events, Brazilian Real (BRL per USD) moved a median +0.2% over 5 sessions (53% higher; middle half -1.3% to +1.4%), and +0.6% 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.