FX.co ★ Ibovespa Gives Up Record High

The Ibovespa experienced a slight decline of 0.1%, concluding Thursday at 145,500 points, as investors processed the Central Bank of Brazil's most recent decision while evaluating the global interest rate landscape. The Central Bank maintained the Selic rate at 15% for the second consecutive meeting, citing a strong labor market, significant fiscal support, and unanchored inflation expectations as reasons for the continued high rates. Despite this cautious approach, equities saw little benefit, although credit-sensitive sectors retained a significant portion of their gains following the Federal Reserve's rate cut. Magazine Luiza shares dropped by 1.1%, whereas Renner observed a modest increase of 0.4%. In the commodities sector, Vale declined by 0.4% and Petrobras by 1%. The banking sector showed mixed results, with Banco do Brasil gaining 1.1%, as opposed to Santander, which fell by 0.8%.