FX.co ★ Ibovespa Edges Lower

The Ibovespa marginally declined by 0.1%, settling at 157,633 on Wednesday, as investors closely monitored a forthcoming House vote aimed at resolving the unprecedented government shutdown. On the domestic front, the market assessed recent corporate earnings and capital strategies, resulting in a mixed performance for the index. Itaú Unibanco decreased by 2.2% following the announcement of a R$3.6 billion repurchase of subordinated notes originally issued in 2020 with a maturity set for 2030. Meanwhile, Cosan experienced a 4.4% dip after securing R$1.43 billion through a secondary offering. Major players, including Petrobras, WEG, and Banco do Brasil underperformed as well, with declines of approximately 3.0%, 2.2%, and 2.9%, respectively. Conversely, Gol experienced a substantial increase of 11.3%, having reported a net profit of R$248 million for the third quarter, a significant recovery from a R$1.42 billion loss in the previous year. Similarly, B3 advanced by 4.5% as its net income grew by 3.5% to R$1.2 billion, and its earnings per share rose by 11.6%, driven by stronger operations and share buybacks. Companies such as Vale, Rede D’Or, and Compania Saneamento also performed well, helping to mitigate the overall downturn of the index.