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The Ibovespa rose 1.3% on Monday, closing at 179,875, as markets stabilized amid improved global sentiment and a partial pullback in oil prices, following the successful transit of tankers through the Strait of Hormuz. The index was volatile earlier in the session, briefly surpassing the 181,000 level, but pared gains as investors digested the latest Focus bulletin, which revised 2026 inflation expectations up to 4.10% and the projected Selic rate to 12.25%.
Brazil’s economic activity, measured by the IBC-Br index, grew 0.8% in January. Although slightly below market expectations, the result helped sustain a constructive outlook for the country’s recovery path. Heavyweights such as Petrobras and Vale closed higher, supported by better international risk appetite, even as concerns linger over domestic fiscal policy and long-term interest rates.
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