FX.co ★ Ibovespa Finishes Week Strong

On Friday, the Ibovespa rose by 1%, closing at 160,766, fueled by optimism among investors who anticipate further interest rate reductions from the US Federal Reserve in the coming year. The positive sentiment led to widespread gains across the board, with major players such as Petrobras, Ambev, WEG, Banco Do Brasil, and Axia seeing increases ranging from 0.7% to 1.9%. Conversely, Vale experienced a significant decline, dropping 4.6% and somewhat offsetting the otherwise strong performance of the Sao Paulo exchange.