FX.co ★ Ibovespa Surges for 2nd Consecutive Session

On Thursday, Brazil's Ibovespa climbed by 2.2%, closing at an unprecedented 175,589, marking its second successive surge to new record levels. This uptick was largely driven by reduced trade disruption risks, as tensions between the US and Europe began to ease. Simultaneously, strong activity data from the US coupled with stable PCE inflation figures contributed to steadying global interest rate expectations. This favorable environment spurred robust advances across all sectors, with financial stocks leading the rally. Specifically, Banco do Brasil gained 4.4%, Santander increased by 2%, Bradesco rose by 3.4%, and Itaúsa saw a 3.7% increase. Additionally, major commodity producers Vale and Petrobras contributed to the index's growth, rising by 1.1% and 0.9%, respectively.