Investors Monitor Central Bank President’s Speech and Follow Political Tensions in France and the U.S.
The Ibovespa is trading down this Monday, October 6, 2025, after starting the day without significant momentum.
At around 11:10 AM, the main index of B3 was down 0.37%, reaching 143,668 points.
Meanwhile, the commercial dollar fell 0.25%, trading at R$ 5.32.
Investors were following the speech of the president of the Central Bank, Gabriel Galípolo, at an event held in São Paulo.
According to the CEO of Multiplike, Volnei Eying, the moment calls for caution and rationality.
Despite the slight improvement in the stock market, it is essential to maintain liquidity and predictability.
He highlighted that the transition to a cycle of greater balance between risk and return favors structured assets.
This movement reinforces the role of fixed income in the portfolio, according to the executive.
Banks and Steel Companies Show Mixed Performance
Among the large banks, the scenario remained mostly negative.
The Santander (SANB11) recorded a slight increase of 0.14% at 10:30 AM.
The Banco do Brasil (BBAS3) was down 0.79%, Bradesco (BBDC4) fell 0.47%, and Itaú (ITUB4) showed a decline of 0.34%.
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In the steel sector, the performance was more balanced.
The shares of Companhia Siderúrgica Nacional (CSNA3) rose 0.73%.
Gerdau (GOAU4) increased 0.10%, and Usiminas (USIM5) grew 0.68%.
On the other hand, Gerdau (GGBR4) diverged and recorded a 0.11% decline, reflecting specific adjustments in the segment.
Europe Reacts to Political Crisis in France
The international scenario influenced the markets this Monday.
In Europe, the stock exchanges and the euro were trading down after the unexpected resignation of French Prime Minister, Sébastien Lecornu.
The departure occurred in the early hours of October 6, 2025, about 14 hours after announcing his cabinet.
The political instability in France has been growing since Emmanuel Macron’s re-election in 2022.
No party holds a majority in the Parliament, which complicates the advancement of economic agendas.
Given this impasse, there is an expectation that Macron will call for new legislative elections.
If this occurs, the country could see its sixth prime minister in just two years.
The situation increases political uncertainty in Europe and pressures the regional market.
Fiscal Uncertainty and Flight to Safety in the United States
In the United States, the mood was also one of caution.
Investors were facing the partial shutdown of the U.S. government, which keeps relevant economic indicators absent.
This scenario, combined with a lack of clarity regarding the federal budget, increases asset volatility.
Even so, gold reached a new all-time high, priced close to US$ 4,000 per ounce.
The appreciation reflects the search for protective assets amid fiscal uncertainty.
Bitcoin also renewed its record appreciation, fueled by risk aversion.
On Wall Street, the Dow Jones was down 0.49%, the S&P 500 was up 0.19%, and the Nasdaq increased 0.45%.
These numbers show selective movement among technology and defensive sectors.
Expectations for the Coming Days
For analysts, the week will be marked by controlled volatility, although the market is still processing the recent Central Bank speech. Additionally, global political uncertainties continue to influence investor sentiment.
Meanwhile, focus will remain on Brazil’s government fiscal decisions, as well as ongoing international negotiations. Therefore, it is expected that every move will be analyzed with caution and strategy.
Moreover, experts highlight that the resilience of fixed income will continue to be a fundamental pillar, as the search for diversification tends to grow amidst instability. Thus, investors maintain heightened attention to balance risks and opportunities.
Finally, these measures will be essential until the global scenario reveals greater clarity and predictability. In this way, the market can gradually regain confidence and the pace of operations.

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