FX.co ★ Ibovespa Drops for 2nd Straight Session

The Ibovespa index dropped by 0.3%, concluding at 157,162 on Thursday, marking its second consecutive session of losses. This decline came as investors processed the implications of the recent conclusion of the US government shutdown, shifting their attention to Brazil's third-quarter earnings reports. Late Wednesday, US President Donald Trump signed legislation to reinstate funding, which also paved the way for the resumption of the release of key economic data. Leading the declines were Banco Do Brasil, Rede D'Or Sao, Embraer, and Localiza Rent, with losses ranging from 1.1% to 2.4%. Banco Do Brasil continues to face challenges from agribusiness delinquencies and increased provisions. Among the major commodity firms, Vale saw a slight decrease, whereas Petrobras saw a 0.9% rise, buoyed by the recent increases in oil and iron ore prices.