Ibovespa Lacks Direction at Week's Start

2026-01-26 21:17 By Felipe Alarcon 1 min. read

The Ibovespa edged 0.1% lower to close at 178,721 on Monday, pausing its record breaking rally as investors adopted a cautious stance ahead of key monetary policy decisions at home and abroad.

The Central Bank is widely expected to keep the Selic rate unchanged at 15%, with markets attentive to any guidance on the timing of a future easing cycle, while the Fed is also seen holding rates steady.

Sector performance was mixed, with banks trading higher including Banco Do Brasil (0.5%), Bradesco (1.3%), and Itaúsa (1.3%).

Meanwhile Petrobras outperformed, gaining 0.6% after announcing R$2.9 billion in investments alongside Transpetro to expand LPG transport capacity, a move that supports medium-term logistics efficiency.

Elsewhere, WEG jumped 3.1% after the launch of experimental rare-earth magnet production under the MagBras project.

On the other hand, Vale lost 2.5% amid weaker iron ore prices.



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