FX.co ★ Ibovespa Rises on Corporate Earnings

The Ibovespa advanced about 0.5%, trading near 173,000 points as investors weighed a busy corporate earnings calendar alongside the minutes from the Brazilian Central Bank’s latest meeting.

Among individual stocks, Embraer (+5%) stood out after reporting third-quarter revenue of R$12.1 billion, surpassing market estimates and marking a record for the period, even as adjusted profit declined 15.6% year-on-year. Itaúsa (+1%) also supported the index, with net profit rising 25% compared with a year earlier.

Brava Energia (-2.5%) exceeded EBITDA projections but still posted a quarterly drop, while Bradesco BBI reiterated its buy recommendation on the stock. Magazine Luiza jumped 10% after delivering results broadly in line with expectations.

Petrobras (-1%) is scheduled to release its figures later today, against a backdrop of weakening oil prices. Banco do Brasil (+1%) will report tomorrow, followed by B3 (+1.5%) and Rede D’Or (+0.5%) on Thursday.

On the macroeconomic front, the Copom minutes preserved the hawkish tone of the previous statement, stressing that de-anchored inflation expectations justify keeping monetary conditions tighter for an extended period.