FX.co ★ Ibovespa Rises as Investors Eye Q3 Earnings

The Ibovespa index moved above 157,500 on Thursday, reflecting investor reaction to the conclusion of the US government shutdown. Attention has now shifted to Brazil's third-quarter earnings season. Following President Donald Trump's late Wednesday action of signing a bill to resume government funding, key economic data releases are set to continue. JBS showed slight gains in anticipation of its quarterly results, with expectations set high for robust performance. Today, both Nubank, which saw a 0.4% decline, and Cemig, rising by 0.5%, are also scheduled to release their reports. In the commodities sector, Vale experienced a 0.5% increase, while Petrobras rose 1%, buoyed by surges in oil and iron ore prices. The banking sector largely trended upwards, although Banco do Brasil experienced a decline of over 3% following the announcement of weaker-than-expected results, attributed to ongoing challenges in the agribusiness sector and increased provisioning.