FX.co ★ Ibovespa Eases from Record High

On Thursday, the Ibovespa index saw a slight decline of 0.1%, retreating from recent record peaks to close at 158,360. This drop was attributed to reduced liquidity due to the holiday and softer domestic economic data, prompting investors to capitalize on profits following the index's impressive performance. The October Caged report fell short of expectations, indicating weaker short-term growth, which in turn dampened the forecast for corporate earnings. Additionally, recent statements from the Central Bank emphasized that it will maintain a restrictive stance as long as necessary to ensure inflation aligns with target goals. Among individual stocks, Eletrobras and Rede D’Or São Luiz experienced the largest losses, dropping 1.3% and 1.7%, respectively. Conversely, Lojas Renner and Copasa MG led the index with gains of 3.2% and 4.7%, respectively.