FX.co ★ Ibovespa Falls on Bradesco Outlook

On Friday, the Ibovespa index saw a slight decline, dipping below 182,000, primarily influenced by less than favorable outcomes from Bradesco. The bank experienced a loss of over 4%, as its cautious outlook for 2026 overshadowed its strong fourth quarter results for 2025. Other financial institutions also faced challenges; Itaú saw a decrease of 0.3%, and Banco do Brasil declined by more than 1%. In contrast, Petrobras experienced a gain of 0.6% driven by rising oil prices, and Vale advanced nearly 1% following Itaú BBA's revision of its American Depositary Receipt (ADR) price target from US$14 to US$19 earlier in the week, maintaining a buy recommendation. Concurrently, the Finance Ministry of Brazil made slight adjustments to its economic projections, reducing the growth forecast for 2026 while increasing the inflation estimate.