On Thursday, October 12, the Brazilian dollar dipped 0.18% to R$ 5.1776 as the market reacted to a mix of domestic and international factors. The Ibovespa, Brazil's main stock index, opened positively, reaching a milestone of 190,000 points, driven by the surge in shares of major companies like Petrobras and Vale, which each rose over 3%. This positive trend was accompanied by a significant influx of foreign capital, reflecting global market conditions that are currently favoring emerging markets like Brazil.

The shift in sentiment among investors was also influenced by a recent survey from Quaest, revealing President Lula leading Flávio Bolsonaro by five points in hypothetical second-round elections. This news underscores a heightened electoral competitiveness that could have implications for fiscal policy management as the country approaches future elections. Investors remain cautious as the political landscape could directly affect economic stability.

Today, the focus on Brazil's economic agenda centers around the release of the services index, which analysts predict will show a slight increase of 0.1% month-over-month and a 3.5% rise year-over-year. In the U.S., the job market continues to show signs of strength, as new job creation rises. These data points from the U.S. will also play a critical role in shaping market perceptions and foreign investment in Brazil.