01.07.202620:44:35UTC+00Ibovespa Edges Lower Following Election Poll

The Ibovespa slipped 0.2% on Wednesday, closing at 171,689 points, as investors digested a new presidential election poll and the latest manufacturing data. An AtlasIntel/Bloomberg survey showed President Lula with a 6.5-point lead over Flávio Bolsonaro in a hypothetical runoff, reinforcing expectations of a looser fiscal policy stance. Financial stocks were among the main drags on the index, with Bradesco down 0.2% and Banco do Brasil off 0.9%. In the corporate sphere, WEG lost 1.4% and Ambev declined 0.5% after the S&P Global manufacturing PMI signaled a return to expansion; however, the improvement was driven largely by hiring and inventory building, while output and new orders remained in contraction. Utilities also traded lower: Axia fell 0.7%, and Engie tumbled 6.1% following the announcement of Pierre Jean Bernard Guiollot’s resignation from its board of directors.