Australia RBA Connolly Speech

The Ibovespa edged 0.2% lower to close at 205,079 on Monday, erasing earlier gains as credit-sensitive stocks ended mixed. Brazilian assets traded without a clear direction as investors remained cautious at the start of the week ahead of the presidential runoff. Polls by BTG/Nexus and AtlasIntel showed declining support for Flávio Bolsonaro and rising support for Lula, although Bolsonaro remained ahead in both surveys. The BTG/Nexus poll indicated a statistical tie, while AtlasIntel showed Bolsonaro’s lead exceeding the margin of error. Although Bolsonaro has yet to present detailed policy plans, investors view his candidacy as more likely to bring fiscal reforms, including spending cuts, which are seen as important to lowering interest rates. Financials closed mixed, with Itaú down 0.4% and Bradesco shedding 1.3%, while BB gained 1.3% and B3 rose 1.8%. Utilities were mostly lower, with Axia falling 1.3%. Petrobras also weighed on the index, dropping 2.8%.

Brazilian Stocks Close Lower Amid Election Uncertainty

The Dow Jones Index dropped 36 points or 0.07 percent on Monday to close at 51966 points. Losses were led by JPMorgan (-1.81%), Amgen (-1.75%) and Merck (-1.64%). Offsetting the fall, top gainers were Amazon (5.00%), IBM (1.84%) and UnitedHealth (1.40%).

The Dow Jones Index Closes 0.07% Lower

The S&P/TSX Composite Index fell 0.7% to close at 35,929 on Monday as investors assessed fresh inflation data and the outlook for Bank of Canada (BoC) policy. Canada’s annual inflation rate rose to 3.1% in September, its highest level in four months, driven by higher gasoline prices, but came in below market expectations of 3.2%. Despite the downside surprise, concerns about the inflation outlook persisted, with policymakers flagging upside risks to prices. BoC Governor Tiff Macklem said on Saturday that the central bank expects to raise its quarterly inflation forecast significantly this month, following hawkish remarks last week about energy-driven price pressures. Oil prices remained elevated amid attacks on tankers in the Strait of Hormuz, keeping inflation risks in focus. Major banks declined, with RBC down 0.9%, while BMO, CIBC and National Bank each shed 0.8%. Mining stocks also fell as gold prices moved lower.

TSX Slips Despite Softer-Than-Expected Inflation

Argentina’s trade surplus widened to $2.98 billion in September 2026, up $2.04 billion from the same month of 2025. Exports totaled $10.04 billion, increasing 23.5% year-on-year. All categories recorded higher export values than in September 2025, led by fuels and energy, which surged 89.1%. Manufactured industrial goods rose 17.5%, manufactured agricultural goods increased 16.8%, and primary products grew 9.2%. Imports totaled $7.06 billion, down 1.8%. The economic-use category with the largest percentage increase was parts and accessories for capital goods, which rose 11.9%. Passenger vehicle imports increased 3.5%, while capital goods declined 10.4% and consumer goods fell 2.5%.

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Brazilian Stocks Close Lower Amid Election Uncertainty

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Argentina Trade Surplus Widens in September

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Australia RBA Connolly Speech