FX.co ★ Ibovespa Rises on Corporate Gains and Interest Rate Outlook

On Tuesday, the Ibovespa index climbed approximately 0.5%, maintaining its position above 156,000 points, buoyed by favorable corporate developments as investors evaluated projections for BCB interest rates in the coming year. Leading banks saw gains, with Itaú rising by 0.7% and Banco do Brasil by 1.9%. Americanas experienced a 2.5% increase after accepting a new binding offer from Fan Store Entretenimento (BandUP!) for Uni.Co. Concurrently, BCB President Galipolo emphasized policymakers' ongoing concerns over elevated inflation, justifying the maintenance of interest rates at a restrictive level. Raízen's share price increased by 1.2% following the resignation of two board members, who were subsequently replaced by appointees from Shell and Cosan. Conversely, Petrobras experienced a 0.8% decline in its stock value, influenced by decreasing oil prices.