FX.co ★ Ibovespa Rises Above 140,000 as Mid-Month Inflation Slows

The Ibovespa index saw an increase of more than 1.2%, surpassing the 140,000 mark on Tuesday. This upward momentum was fueled by a mix of easing inflation rates, strong stock performance, and domestic bonds nearing record high trading levels. The IPCA-15 index declined from 5.49% to 5.40%—marking the best outcome this year—prompted by decreasing prices in food, clothing, and hygiene products. Petrobras shares gained traction following the announcement of plans to issue up to BRL 3 billion in incentivized debentures, alongside suggestions to potentially reduce refinery prices if oil prices continue their downward trend. Furthermore, CEO Magda Chambriard emphasized the strategic importance of Braskem. Meanwhile, Carrefour Brasil saw a significant surge after disclosing its delisting from B3 and its initiative to distribute European shares among its investors. Companies like Revee, Infracommerce, LPS Brasil, Light, and Itaú also experienced gains. Additionally, business organizations have renewed their advocacy for a complete rollback of the Financial Transactions Tax increase.