FX.co ★ Ibovespa Eases from Record High

The Ibovespa index experienced a decline of 0.3%, falling below the 138,800 threshold on Wednesday. This dip followed a record-setting session, as investor caution moderated the optimism previously driven by the US–China tariff agreement. Domestically, insights from the recent Copom meeting minutes confirmed the central bank’s dedication to maintaining the Selic interest rate at restrictive levels until inflation forecasts are solidly anchored. Within the corporate sector, JBS shares fell by approximately 5%, marking significant losses among major companies, while Eletrobras shares remained relatively stable in light of varied quarterly earnings results. Conversely, Suzano and BRF saw gains of about 1.5% and 3%, respectively, contributing to a partial offset of the broader market decline.