FX.co ★ Ibovespa Hits Record High

The Ibovespa index saw a 0.6% increase, reaching a new peak of 150,454 on Monday, bolstered by recent corporate developments. According to the central bank's Focus Bulletin, inflation projections for 2025 were lowered for the sixth consecutive week, now standing at 4.55%, down from 4.56%. This adjustment suggests easing price pressures, indicating potential interest rate cuts in the coming year. Major financial institutions experienced gains, with Banco do Brasil, Santander, Bradesco, and Itaúsa seeing increases between 0.5% and 1.1%, driven by optimism for enhanced credit conditions. Ambev's shares rose by 1%, while WEG and Eletrobras climbed 1.8% and 0.8%, respectively. Azul's stock appreciated by 2.6% after achieving an agreement with creditors in its Chapter 11 proceedings. Petrobras witnessed a slight uptick of 0.5%, as OPEC+ moderated expectations for significant production increases in the first quarter of the coming year. In contrast, Vale's shares declined by 0.6%, impacted by falling iron ore prices in China. Raízen dropped 1% following the announcement of a corporate restructuring, and Rede D’Or decreased by 1% after divesting its interest in GSH Corp.