Ibovespa Slips Amid Tech Caution and Fed Rate Concerns

2025-11-18 13:48 By Isabela Couto 1 min. read

The Ibovespa edged down to trade below 157,000 on Tuesday, tracking global markets amid caution over the recent pressure in US technology stocks ahead of Nvidia's earnings release on Wednesday.

Diminishing prospects for an imminent Federal Reserve interest rate cut and anticipation of official US labor market data on Thursday, following a drought of economic releases caused by the government shutdown, also weighed on sentiment.

Major banks posted losses, with Itaú down 0.4%, Bradesco falling 1%, and Banco do Brasil declining 1.3%.

Vale shed 0.7% and Petrobras slipped 0.1% despite firm prices for their underlying commodities.

WEG and Rede D'Or also retreated, losing 0.3% and 1%, respectively.

On the upside, Axia gained 0.4% after Fitch Ratings upgraded its outlook from stable to positive on the company's foreign and local currency credit ratings of "BB-" and national rating of "AA(bra)".

Ambev also advanced 0.2%.



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