
Brazil’s Ibovespa rose as investors assessed corporate earnings and signals on economic policy under President Luiz Inácio Lula da Silva. US employment data showed 165,000 jobs added in October and unemployment at 4.1%; by 1 p.m., the index was up 1.47%, while the dollar index had gained 0.63% and the dollar in Brazil was quoted at R$5.49.
Stronger US data may reinforce expectations of tighter Federal Reserve policy, supporting the dollar, while Brazilian policy uncertainty can add pressure to the real. The mixed moves in local stocks and currency indicate limited direct implications for feed-commodity prices.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.