S&P 500 — US Large Cap Index
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IPC Index — Mexico Market
Brazil’s Industrial Business Confidence Index fell 2.3 points to 44.4 in July 2026 from the previous month, marking its second consecutive decline and the 19th consecutive reading below the 50-point threshold, according to the National Confederation of Industry (CNI). The reading was also the lowest since June 2020, reflecting more widespread pessimism among manufacturers. The Current Conditions Index slipped 0.7 point to 41.6, as assessments of the Brazilian economy fell 1.3 points to 34.7 and firms’ own conditions declined 0.3 point to 45.1, indicating businesses continued to view conditions as worse than six months earlier. Meanwhile, the Expectations Index dropped 3.1 points to 45.8, its steepest decline since November 2022. Expectations for the Brazilian economy fell 3.8 points to 37.2, while firms’ own outlook weakened 2.7 points to 50.1, nearly eliminating the optimism recorded in previous months.
