FX.co ★ Ibovespa Hits Record on Lower Credit Costs

The Ibovespa index rose by 1% on Friday, achieving a new high of 142,000 points, driven by economic indicators and expectations of reduced credit costs for Brazilian companies. In the United States, both employment figures and the unemployment rate in August defied expectations, coming in more negatively than anticipated. Brazilian bonds saw additional support as domestic producer prices fell by 0.3% in July, marking the sixth consecutive month of decline. On the corporate side, manufacturing firms experienced mostly positive trading sessions, with Braskem rising by 0.84% and SLC increasing by 0.3%. Meanwhile, Azul's share price surged by 6.4% following the announcement of an expanded route schedule for the upcoming high season. Major banks also saw gains, with Itaú rising by 1.8% and Bradesco by 2.7%. However, Petrobras experienced a decline of over 1% as oil prices dropped for the third consecutive session.