FX.co ★ Ibovespa Hits Record on Upbeat Data and Corporate News

The Ibovespa index experienced a nearly 0.5% increase, surpassing 150,000 and setting a new record, bolstered by recent corporate developments. According to the central bank's Focus Bulletin, inflation forecasts for 2025 were adjusted downwards for the sixth consecutive week, moving from 4.56% to 4.55%. This revision comes in light of the more lenient inflation indicators from the previous week, supporting the potential for interest rate reductions in the coming year. Leading banks, such as Itaú and Bradesco, saw growth amid optimism for improved credit conditions. WEG showed slight gains, Ambev rose by 1%, Natura advanced by 2%, and Arezzo increased by 1%. Azul surged nearly 4% after reaching a creditor agreement in its Chapter 11 proceedings. Meanwhile, MRS Logística soared 7% as it moves forward with plans to construct a BRL 1.5 billion intermodal terminal. Additionally, Petrobras inched up 0.4% after OPEC+ minimized the possibility of output increases for the first quarter of the next year. Conversely, Vale experienced a 0.6% decline due to decreasing iron ore prices in China. Raízen dropped 1% following a corporate restructuring, and Rede D’Or fell 1% after divesting its stake in GSH Corp.