Brazil Stocks Set To End Year Higher

2025-12-30 13:37 By Isabela Couto 1 min. read

The Ibovespa rose 0.4% to close at 161,127 on Tuesday, the final trading session of the year, supported by strong labor market data and a slight recovery for corporate giants with exposure to commodity giants.

Brazil's unemployment rate fell to a record low of 5.2% in the moving quarter ending November, below market expectations, to reflect the resilience of the domestic labor market to the prolonged period of high interest rates.

The result improved the outlook for equities despite adding room for the BCB to remain hawkish, as rate derivatives maintained bets that the central bank will restart rate cuts next year.

Banks led the gains on the strong credit outlook with Santander and Banco do Brasil adding 2.1% and 0.9%, respectively.



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