The Ibovespa index increased by 0.4%, reaching 157,739, close to its all-time high. This upturn is driven by positive developments at the corporate level and clearer internal signals that prevail over external uncertainties. Petrobras saw an increase of 0.8%, supported by stronger oil prices and the anticipation of a new business plan. Localiza experienced a substantial rise of 4.8% following optimistic guidance and a portfolio sale that enhances cash flow. Banks and specific cyclical stocks outperformed due to improved earnings outlooks, thanks to quarterly results and news of dividends or share buybacks. Additionally, renewed Chinese demand for Brazilian chicken boosted BRFS and other exporters. The conclusion of the prolonged government shutdown removed a significant operational constraint, allowing delayed data and corporate updates to commence flowing once again.
The material has been provided by - RobotFX.Org
Download NOW!
No comments:
Post a Comment