FX.co ★ Ibovespa Advances on Corporate News and Commodity Gains

The Ibovespa index increased by 0.7%, reaching nearly 146,000 on Thursday, driven by upbeat corporate updates. Banking stocks saw upward movement following JPMorgan's forecast of a robust, albeit not exceptional, third quarter for the sector. The bank highlighted ongoing challenges in agribusiness loans, especially affecting Banco do Brasil, with a slight potential rise in non-performing loans and risk costs, though these are expected to remain at reasonable levels. Despite this, loan growth has surpassed expectations thus far in 2025, with potential deceleration anticipated in the third quarter. JPMorgan expressed a preference for Nubank, which maintained stable share prices, over Banco do Brasil and Santander, which increased by 0.2% and 1.1%, respectively. Bradesco observed a 0.2% gain as analysts projected continued profitability improvements, while Itaú increased by 0.6%, maintaining a neutral stance. Additionally, Petrobras and Vale benefited from rising oil and iron ore prices, climbing by 2.7% and 0.6%, respectively. Casas Bahia surged 14.3% following its new sales collaboration with Mercado Livre. Raízen advanced 5.3% due to an uptick in sugarcane production, and Assaí rose 2.2% after demonstrating robust cash generation.