FX.co ★ Ibovespa Closes at Historic High

On Friday, the Ibovespa index rose by 1.2%, achieving a historic close at 142,639. This was driven by disappointing US economic indicators, which bolstered anticipation of several Federal Reserve interest rate cuts this year and by Brazil's strengthening economic landscape. Sluggish US payroll figures led to a decline in Treasury yields and encouraged a renewed influx of global liquidity into emerging markets. Domestically, easing inflation forecasts and new initiatives from Brazil’s central bank to bolster financial system security further instilled confidence in the macro-financial climate. The gains were widespread, with major banks such as Banco Do Brasil, Santander, Itaúsa, and Bradesco posting increases ranging from 1% to 3.5%.