FX.co ★ Ibovespa Surges to Fresh Record

Ibovespa witnessed a notable increase of 1.9%, reaching 178,859 on Friday, achieving new highs mainly due to the strong performance of commodity-heavy sectors. Vale's shares rose by 2.9% in response to higher iron ore prices, while Petrobras experienced a significant surge of 4.1% as the oil market strengthened, boosting mining and precious metals stocks overall. The banking sector also demonstrated robust performance, with Banco do Brasil climbing 3.1%, Santander advancing 1.9%, Bradesco rising 1.8%, and Itaúsa increasing by 1.1%, thereby enhancing market breadth. This occurred alongside strong performances in select retail and logistics companies. Conversely, Axia's shares declined by 0.8% following the announcement of over R$1 billion in water royalties paid in 2025. Overall, the Sao Paulo exchange soared by 8.6% over the week, driven by improved revenue figures and reduced short-term funding pressures. Additionally, tax collections hit a record BRL 2.89 trillion in 2025.