Story perspectives
Brazilian Markets Drop Ahead of Carnival Amid Profit-Taking
2/14/2026
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Story summary
- On February 14, 2026, Ibovespa index fell 0.78% to 186,293 as investors booked profits ahead of Carnival.
- Vale S.A. reported a $3.8 billion Q4 net loss due to a $3.5 billion nickel write-down, sending shares down about 3%.
- BB Seguridade S.A. declined 9.6% after cautious guidance.
- U.S. January CPI rose 2.4%, boosting expectations for Federal Reserve rate cuts.
- The Brazilian real edged higher against the dollar amid Carnival positioning.
