FX.co ★ Ibovespa Near 1-Month Highs

On Wednesday, the Ibovespa surged approximately 2%, surpassing the 132,000 mark, reaching its highest level in nearly a month. This boost was fueled by US President Donald Trump's reassurances that he will retain Federal Reserve Chair Jerome Powell, alongside his announcement indicating a significant reduction in tariffs on China. The upward trend was led by Brazil's major corporations—Petrobras, Vale, Ambev, and JBS—which saw gains ranging from 1% to 2.2%. This rise demonstrates a renewed investor confidence, as concerns around international monetary policy ease and the likelihood of reduced trade barriers lends support to companies focused on exports.