The Ibovespa hovered around the flatline at 186,500 in a shortened session due to the Ash Wednesday holiday, as supportive corporate news was offset by persistent uncertainty regarding the scale of interest rate cuts the Central Bank of Brazil may deliver this year.
Energy stocks advanced, with Petrobras gaining more than 1% after US Vice President JD Vance said Iran had not crossed US “red lines” in ongoing nuclear negotiations, while President Donald Trump reiterated that military action remains on the table.
In the aerospace sector, Embraer rose over 2% after delivering the first two A-29 Super Tucano aircraft to the Uruguayan Air Force. Itaúsa also inched higher following the auction of 308,119 shares on B3, conducted after its bonus share issue.
Klabin added more than 1% even after the company withdrew its 2027 EBITDA guidance, citing increased market volatility.
On the macroeconomic front, the Central Bank of Brazil is due to publish its Focus Report, providing updated projections for inflation, GDP growth, and the Selic benchmark interest rate.
