The Ibovespa index experienced a marginal decline of 0.2%, concluding at 138,564 points on Thursday, lagging behind the performance of US stock markets. This downturn coincides with Finance Minister Fernando Haddad's firm stance on the necessity of increasing the Financial Transactions Tax, despite receiving significant market criticism and implementing partial reversals. Haddad emphasized that revoking the tax hike in full could lead to an operational halt in the public sector.
In contrast, Azul witnessed a steep 9% drop in their shares after initiating a Chapter 11 bankruptcy reorganization process in the United States, aiming to manage their debt while keeping their operations ongoing. Meanwhile, Brazil's unemployment rate presented better-than-expected results, bolstered by solid CAGED employment figures, indicating a strong labor market.
Regarding international trade, a US court initially obstructed the imposition of President Trump’s 10% tariffs on Brazil and several other countries; however, an appeals court later reinstated these tariffs, although a stay by the Supreme Court remains a possibility.
In terms of stock performances, JBS saw a modest increase of 0.7%, whereas Minerva decreased by 3.8%, Petrobras dipped 0.6%, and Embraer showed a slight decline of 0.7%. A similar trend was observed among the banking sector, with Itaú Unibanco experiencing a 0.8% drop and Banco do Brasil a more significant fall of 1.6%.
