Ibovespa Hits 7-Month High
The Ibovespa index increased approximately 1.8%, surpassing the 134,580 mark on Thursday. This marks four consecutive days of upward momentum, pushing it to a seven-month high. The gains were supported by a robust close in Wall Street and diminishing concerns over U.S.–China trade tensions, which collectively enhanced global risk appetite. Positive signals from White House officials, suggesting President Trump is willing to negotiate a deal with Beijing rather than engage in a prolonged tariff dispute, positively influenced commodities and financial sectors. Mining giant Vale saw a 1.5% rise ahead of its first-quarter earnings report. Additionally, companies such as WEG, Banco Santander Brasil, Eletrobras, Sabesp, and Itaúsa experienced increases ranging from 2.1% to 4.8%.
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