FX.co ★ Ibovespa Edges Higher on Earnings Focus

The Ibovespa inched higher on Monday, trading above the 183,000 mark as investors turned their attention to corporate earnings. Later in the session, BB Seguridade (+0.3%), Motiva (+0.2%) and São Martinho (-0.3%) are scheduled to report results, while Suzano (+1%), Banco do Brasil (+0.2%) and TOTVS (+0.2%) are set to release their earnings later in the week. BTG Pactual dropped 2.4% after announcing a fourth-quarter adjusted net profit of nearly R$4.6 billion, a 40.3% year-on-year increase that met expectations but fell short of impressing investors. Petrobras advanced 0.2% as oil prices stabilized following earlier declines, amid easing supply concerns after renewed US–Iran talks in Oman. Vale rose 1% on the back of steady iron ore prices.