FX.co ★ Brazil Stocks Set for 2.5% Weekly Gain

The Ibovespa index increased by 0.2% to reach 132,240 points on Friday, positioning itself for a 2.5% gain over the week. This uptick follows investors' positive reaction to the approval of Brazil's 2025 budget and the analysis of monetary policy signals from the central bank. On Thursday, the 2025 budget bill passed Congress, with a projected primary surplus of BRL 15 billion, significantly higher than the BRL 3.7 billion estimate made in August due to revised revenue projections. Additionally, Brazil's central bank raised interest rates by 100 basis points for the third straight time on Wednesday, continuing its established guidance while suggesting the possibility of a smaller rate hike in its next meeting in response to indications of an economic slowdown. However, these gains were tempered by growing concerns over a potential global trade war and changes in U.S. trade policies, as President Donald Trump is set to announce reciprocal tariffs to be implemented in April. In individual stock movement, Hypera rose 5% even though it reported a 74.2% decrease in net income, which it attributed to its efforts in optimizing working capital.