The Brazilian financial market experienced a historic day this Wednesday (21), influenced by the decrease in external tensions. The stock market had the biggest daily increase since April 2023, renewed records and reached 172 thousand points, driven mainly by the strong inflow of foreign capital. In exchange, the dollar fell more than 1% and closed at its lowest level since the beginning of December.
B3’s Ibovespa index ended Wednesday at 171,817 points, up 3.33%. During the trading session, the indicator surpassed, for the first time, the marks of 167 thousand to 171 thousand points, advancing consistently since the opening. Financial volume totaled R$43.3 billion, well above the daily average in 2026, highlighting the increased appetite for risk.
In 2026, the Ibovespa accumulates an increase of 6.6%, with a net inflow of R$7.6 billion from foreign investors until mid-January.
The appreciation gained strength in the afternoon, following the improvement in Wall Street indices. The relief came after United States President Donald Trump retreat from more aggressive speech on imposing tariffs and ruling out the use of force in geopolitical disputes over Greenland. In New York, the S&P 500 index rose more than 1%.
In the foreign exchange market, the spot dollar fell R$0.061 (-1.1%) to R$5.321. The price operated lower throughout the day, but intensified the fall in the afternoon. Towards the end of the negotiations, Trump’s announcement to withdraw from imposing tariffs on the European Union fueled the retreat.
The US currency is at its lowest level since December 4, the day before the announcement of Senator Flávio Bolsonaro’s (PL-RJ) pre-candidacy for this year’s presidential elections. The currency falls 3.06% in 2026.
Positive flow
In addition to the weakening of the dollar in relation to emerging currencies, the positive flow of capital to Brazil has helped the financial market. Data from the Central Bank released this Wednesday show that the country registered a net inflow of US$ 1.54 billion in January until the 16th, driven mainly by financial means.
The reduction in yields on US Treasury bonds, considered the safest investments in the world, also contributed to relieving pressure on the exchange rate, increasing the supply of dollars in the domestic market. Lower interest rates in advanced economies encourage capital migration to emerging countries, such as Brazil.
THE extrajudicial liquidation of Will Bankcontrolled by Banco Master, did not influence the price of assets. The decision reinforced investors’ attention, but did not interfere with the market’s positive mood.
*With information from Reuters
