FX.co ★ Ibovespa Hits Record High

The Ibovespa index ascended by 1.5% on Thursday, breaking the 141,000 mark to achieve a record high. This rise came as investors evaluated the latest US payroll figures and monitored developments involving Petrobras. The United States reported a job increase of 147,000 for June, exceeding forecasts, which reinforced expectations for US economic growth but also heightened credit costs for emerging markets. In Brazil, investor focus was on Petrobras's press conference concerning new investments in the refining and petrochemical sectors in Rio de Janeiro. Despite a generally negative day for crude oil, Petrobras shares remained stable. Meanwhile, President Lula participated in the Mercosur summit in Buenos Aires, where he was anticipated to meet with former President Cristina Kirchner. Vale's stock showed little movement, whereas major banking firms saw slight gains, with Santander rising by 0.2% and Itaú by 0.6%. The retail sector also experienced upticks, led by Magazine Luiza, which climbed 0.7%, and Americanas, up by 0.6%. Embraer posted a significant gain of 1.9% after announcing a 30% increase in Q2 deliveries compared to the previous year, reaching a total of 61 aircraft. This positive news led to gains in the airline sector, with Azul rising by 1.1% and Gol seeing a substantial surge of 7.3%.