ChinaAMC Bradesco Bovespa ETF(QDII)

159100

510030

520870

000300

83188

159263

00HSI

000001

The People's Bank of China (PBOC) held its 2026 Macroprudential Work Conference, focusing on systemic financial risks. The conference outlined the need for a comprehensive macroprudential management system, enhancing the central bank's functions, and improving the Macroprudential and Financial Stability Committee's mechanisms. It emphasized expanding macroprudential policies, innovating policy tools, and ensuring financial market stability. Additionally, it called for improved RMB policies, trade facilitation, and support for Shanghai's development as an international financial center.

CoinLive

Fortune SG SSE 180 Value ETF

E Fund Itausa Bovespa ETF(QDII)

CSI 300

CAM CSI300-R

E Fund CNI Value 100 ETF

Hang Seng Index

SSE Index

The People's Bank of China held its 2026 Macroprudential Work Conference, conducting a forward-looking assessment of potential systemic financial risks.

The MSCI Emerging Markets Stock Index rose 0.4%, reaching a record high and marking its fifth consecutive trading day of gains, the longest streak since May 2025. Asian tech stocks such as Alibaba, Taiwan Semiconductor, and MediaTek Inc. performed notably well. Year-to-date in 2025, the index has accumulated an increase of approximately 7.0%, while the S&P 500 has only risen about 1%. Latin American stock markets also saw gains, with the regional index up about 1.3%, accumulating nearly 14% this year. The MSCI Emerging Markets Latin America Stock Index reached a closing high not seen since 2018, and Brazil's benchmark stock index rose about 8.7% this week

Wallstreetcn

iShares MSCI Emerging Mkts Val Fac ETF

BABA-W

iShares MSCI Em

iShares Core MSCI EM

VG Em Mkts

iShares MSCI EM Ex-China

Taiwan Semiconductor

ISHRS MSCI Mexico Capped

Alibaba

Dimensional Emerging Markets Value ETF

SPDR Em Mkt

iShares MSCI China

Schw Em Mkt

iShares MSCI Brazil

MSCI

Yinhua MSCI China A ETF

1325

IBZL

The Brazilian stock index once rose over 1.1%, reaching an intraday historical high above 177,500 points. In US dollar terms, the Brazilian stock index has accumulated a 9.7% increase this week, leading globally

Nomura Holdings, Inc.

iShares MSCI Brazil UCITS ETF USD (Dist)

Brazil's central bank said it will hold auctions starting on January 28 to roll over traditional currency swaps due on March 2.The central bank usually seeks to provide currency hedging and maintain liquidity conditions for the market with its rolling policy.In a traditional currency swap, the bond pays the buyer the currency variation plus an interest rate.In return, the central bank receives the variation in the Brazilian benchmark interest rate, the Selic.

- The Central Bank of Brazil will begin auctions on January 28 to roll over traditional currency swaps maturing on March 2.  
- The Central Bank typically uses this rollover policy to provide currency hedging and maintain market liquidity conditions.  
- In traditional currency swaps, the bonds pay the buyer currency changes plus interest, while the Central Bank receives changes in Brazil's benchmark interest rate, Selic.

Reuters

Brazil's central bank to roll over swaps maturing in March

COFF

Arabica Coffee Recovers as the Brazilian Real Rallies

Barchart Option

WisdomTree Coffee

Arabica Coffee Recovers as the Brazilian Real Rallies

Brazil's federal tax revenue increased by 3.65% in 2025, reaching a record high, according to the tax revenue service. December's revenue rose by 7.46% year-on-year, totaling 292.724 billion reais ($55.06 billion). The growth was driven by higher social security contributions, corporate taxes, and an increase in the IOF tax. The government aims for a zero primary deficit in 2025, with Finance Minister Fernando Haddad reporting a 0.1% primary deficit for the year, within the fiscal goal's tolerance range. Official fiscal data will be released later this month.

- In 2025, Brazil's federal tax revenue experienced a real growth of 3.65% compared to the previous year, as reported by the country's tax authority, achieving full-year fiscal budget goals despite increased spending.  
- December's tax revenue increased by 7.46% year-on-year, reaching 292.724 billion reais (approximately 55.06 billion dollars), driven primarily by higher social security contributions, corporate taxes, and an increase in financial transaction tax (IOF).  
- The government aims for a zero primary deficit by the end of 2025, with an allowed fluctuation of ±0.25% of GDP, and the fiscal minister reported a primary deficit of 0.1% within compliance limits.

Brazil's tax revenue rises 3.65% to record high in 2025

CANE

FLBR

SUGA

Sugar Prices Recover as the Brazilian Real Rallies

Teucrium Sugar

Franklin FTSE Brazil

WisdomTree Sugar

Sugar Prices Recover as the Brazilian Real Rallies

BRZU

Brazil’s Industrial Entrepreneur Confidence Index rose to 48.5 in January 2026 from 48.0 in December, the index remaining below the 50-point threshold for all of 2025 and signaling persistent pessimism among industrial firms. The Current Conditions Index increased to 44.0; assessments of companies’ conditions improved by 0.8 points to 47.0, while views on the Brazilian economy deteriorated by 1.1 points to 38.0.The Expectations Index advanced to 50.7, standing just above the neutrality line.Expectations for the economy worsened by 0.4 points to 42.5, while expectations for companies rose 1.2 points to 54.8.

- In January 2026, Brazil's industrial confidence index rose to 48.5, slightly up from 48.0 in December 2025 but remained below 50 throughout the year, indicating persistent pessimism among industrial firms.  
- The current conditions index increased to 44.0, with evaluations of company conditions rising to 47.0, while views on the Brazilian economy fell to 38.0.  
- The expectations index rose to 50.7, although economic expectations declined to 42.5, and company expectations increased to 54.8.

Trading Economics

Direxion Daily MSCI Brazil Bull 2X

Brazil Business Confidence Holds in Contraction in 2026

The Brazilian real has strengthened past 5.33 per US dollar, marking its highest level since early December. This rebound comes as global markets shift from US assets to higher-yielding emerging markets, driven by tensions between the US and Europe affecting confidence in American assets. Despite softer inflation readings, Brazil continues to attract foreign inflows, maintaining a favorable yield differential that supports real-denominated investments.

Brazilian Real Rebounds to Early December Highs

The Brazilian real is nearing monthly lows, trading around 5.4 per US dollar due to a global risk-off sentiment and a less aggressive central bank outlook. US tariff threats have increased demand for safety, strengthening the dollar against emerging-market currencies. Domestic inflation has decreased, leading to expectations of earlier Selic cuts, which has diminished Brazil's carry appeal for foreign investors. Additionally, political signals, including Finance Minister Haddad's proposal for increased central bank oversight, have raised concerns about institutional autonomy, further impacting the currency's stability.

Brazilian Real Near Monthly Lows

According to Cecafe data: Brazil's green coffee bean exports in December decreased by 18% year-on-year

VanEck Brazil Small-Cap ETF

ChinaAMC Bradesco Bovespa ETF(QDII)(159100.SZ)

The People's Bank of China held its 2026 Macroprudential Work Conference, conducting a forward-looking assessment of potential systemic financial risks.

The Brazilian stock index once rose over 1.1%, reaching an intraday historical high above 177,500 points. In US dollar terms, the Brazilian stock index has accumulated a 9.7% increase this week, leading globally

Brazil's central bank to roll over swaps maturing in March

Arabica Coffee Recovers as the Brazilian Real Rallies