FX.co ★ Ibovespa Advances for 5th Consecutive Week

The Ibovespa index climbed by 0.2% to close at 136,512 on Friday, reaching its highest point since August. This performance resulted in a 1% gain for the week on the São Paulo exchange and marked the fifth consecutive week of upward movement. The increase was driven by investor reactions to domestic inflation data and a wave of global optimism regarding trade negotiations, which collectively bolstered the appetite for riskier assets. In April, Brazil's annual inflation rate rose to 5.53%, its peak since February 2023, and remained above the Central Bank's target ceiling of 4.5% for the sixth month in a row. On the international front, concerns over global trade relaxed as senior officials from the US and China prepared to meet in Switzerland, and a US–UK trade deal signed on Thursday further eased tariff tensions, enhancing the outlook for Brazil's exports. In corporate developments, Itaúsa surged 4.5% on the back of robust first-quarter results, spearheading the market gains. Conversely, Suzano (-2.7%), Banco Bradesco (-1.3%), and Localiza (-6.4%) saw declines following unsatisfactory earnings reports.