Brazil’s balance of trade showed a significant decrease, with the actual figure at $2.99 billion, down from the previous $6.13 billion. This represents a decline of $3.14 billion, indicating a substantial reduction in trade surplus.
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The actual trade balance exceeded analyst estimates of $2.65 billion, which may provide some positive sentiment in the stock market. However, the sharp decrease from the previous period suggests potential concerns for export-driven sectors. The market impact is likely to be short-term, focusing on sentiment rather than long-term policy changes.