RobotFX delivers curated forex news to keep you informed on key market events.
The Ibovespa slipped 0.7% to close at 173,787 on Friday, as stronger-than-expected GDP figures reinforced the perception that the current Selic easing cycle may be nearing its limits. Brazil’s economy expanded 1.1% in the first quarter compared with the previous three months, accelerating from a 0.3% increase in Q4 2025 and posting its fastest quarterly growth since Q1 2025. The data bolstered expectations of a more hawkish stance from the BCB, pushing bond yields higher and pressuring equities.
Banks led the declines, with Bradesco down 1.1% and Banco do Brasil off 1.5%. Petrobras lost 1.2% as oil prices retreated following an agreement to extend the US-Iran ceasefire, which renewed hopes for a resolution to the Middle East conflict. Vale also slipped 1.4%, despite a rise in iron ore prices.
The material has been provided by - RobotFX.Org
Trade the powerful Traders Dynamic Index strategy automatically with this dedicated TDI Expert Advisor. More details.
Boost your trading with advanced tools from RobotFX. Visit www.robotfx.org for expert advisors and indicators.
Download NOW!
No comments:
Post a Comment