FX.co ★ Ibovespa Posts Strong Gains on Tuesday

On Tuesday, the Ibovespa surged 1.1%, concluding the day at 163,664, approaching record peaks as investors showed a heightened risk appetite, lifting equities. Leading this upward momentum was the mega-cap Vale, which advanced by 3.7%. Axia also posted solid gains, rising by 3.4%, while Rede D'Or increased by 3.8%. Notably, the headline PMI data indicated a significant uptick in services activity for December—the most robust since 2024—bolstering the argument for strong domestic consumption and supporting demand for cyclicals and financial institutions.