Ibovespa Edges Higher as Market Eyes Inflation Forecasts
On Monday, the Ibovespa index made a modest ascent to reach the 138,000 mark, effectively pausing the downward trend observed the previous week due to political unrest surrounding contentious fiscal proposals, such as the initially proposed increase in the Financial Transactions Tax, which was subsequently retracted. According to the central bank's Focus Bulletin, expectations for inflation in 2025 decreased slightly for the fifth consecutive week, moving from 5.51% to 5.50%, reflecting the central bank's hawkish stance. Conversely, growth projections for the year saw a significant revision upward from 2.02% to 2.14%, notwithstanding the risk of prolonged high borrowing costs. In the global context, emerging markets gained some respite due to the United States' decision to delay tariffs against the European Union, which reduced concerns about potential trade barriers. The Ibovespa's marginal rise was primarily driven by gains in companies such as Eletrobras and Petrobras, as well as sectors including airlines (Azul, Gol), supermarkets (Assaí), and retailers like Magazine Luiza. Meanwhile, stocks like Haga and BRB Banco declined by over 5% each.
The material has been provided by - RobotFX
Download NOW!
No comments:
Post a Comment