26.06.202520:20:15UTC+00Ibovespa Rebounds on Thursday

On Thursday, the Ibovespa index rose by 1%, closing at 137,114, outperforming many global markets. This uptick occurred after Congress overturned the increase in the IOF tax, alleviating a significant obstacle that had been affecting both equities and the Brazilian real, prompting interventions by the central bank in the foreign exchange market and heightening fiscal challenges. Additionally, mid-June's headline inflation showed a yearly increase of 5.27%, which was slightly below the anticipated 5.31%. This development reduced concerns that the central bank might maintain its terminal Selic interest rate at 15% for longer than initially projected. Notably, Vale saw a 3% increase in its stock value due to reports of robust iron ore exports to China. Meanwhile, Petrobras experienced a 0.7% gain after successfully acquiring 17.5 million barrels of pre-salt oil at auction. Other key players such as WEG, Rede D'Or, and B3 also performed well, with gains ranging from 1.9% to 3.6%, as positive market sentiment encouraged investors to embrace risk.