FX.co ★ Ibovespa Edges Lower on Weak Activity Data

The Ibovespa index slipped to below 158,000 points on Monday as worries over a decelerating economy set in, while investors anticipated U.S. labor market data that could influence the Federal Reserve's forthcoming decisions. The IBC-Br index, which serves as a GDP indicator, experienced a 0.2% decline in September compared to the previous month. Meanwhile, predictions of an imminent interest rate reduction by the Fed dwindled, causing a 1% decline in shares of Itaú and Bradesco. The utilities sector also saw losses, with Axia decreasing over 3% and Sabesp falling 0.6%. Ambipar dropped more than 3% amid its judicial recovery processes, while Raízen reported a net loss of R$2.3 billion for the second quarter of the 2025/26 harvest season, resulting in a share decrease of over 2%. Conversely, Petrobras experienced a 0.7% gain influenced by rising oil prices.