FX.co ★ Ibovespa Rises as Markets Digest Copom and Fed Decisions

The Ibovespa index increased by approximately 0.5% to hover around 160,000 points on Friday, as investors weighed recent decisions from Brazil's Copom and the U.S. Federal Reserve. Copom's cautious approach contributed to reducing political volatility, which had recently driven futures rates upward, by maintaining the Selic rate at 15%. On the international front, investors considered the Federal Reserve's recent rate cut while holding optimistic expectations for additional easing in 2026. Despite the rate cut being widely predicted, Federal Reserve Chair Powell's remarks and the statement were perceived as less aggressive than initially anticipated. Major banks performed well, with Bradesco rising by 0.3%, Itaú up by 0.6%, and Banco do Brasil also increasing by 0.6%. Petrobras saw a 0.6% gain as oil prices remained stable. Conversely, Vale decreased by over 5% due to weaker iron ore prices. Utility stocks outshined, with Axia climbing nearly 1% and Sabesp edging up by 0.4%. Additionally, WEG rose by 0.3%, and Ambev saw a 0.4% increase.