FX.co ★ Ibovespa Rebounds Toward Record Levels

The Ibovespa advanced 1.4% on Thursday to close at 188,534, rebounding toward record levels as a broad-based rally in banking and energy stocks offset recent weakness and investors digested fresh economic data. Financial heavyweights led the move higher, with Banco do Brasil up 2.3%, Banco Bradesco gaining 1.8%, and Banco Santander Brasil adding 1.2%, supported by resilient credit conditions and signs of solid domestic activity. In the energy sector, Petrobras climbed 2.6% as firmer oil prices boosted revenue expectations, while utilities such as Eletrobras jumped 4.4%, providing additional defensive support. In contrast, WEG fell 3.8%, extending its recent bout of volatility.