S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico MarketThe Ibovespa tumbled 2.3% to 176,219 on Friday marking its fourth consecutive weekly decline amid intensifying Middle East conflict. This retreat represents a fundamental transition toward the pricing of global geopolitical shocks as the real plummeted and future interest rates rose broadly. Despite the BCB previously delivering a smaller than expected 25 basis point cut the outlook for further easing has darkened as war driven energy costs push inflation projections away from the 3% target. Major banks were decimated with Santander and Itaú Unibanco falling around 2% while B3 Sa Brasil Bolsa Balcao fell over 4%. Even commodity giants Vale and Petrobras were unable to escape the risk aversion falling 2.1% and 2.6% respectively as traders weighed the potential for prolonged disruption to global trade flows.
