Ibovespa Reverses Early Gains, Closes Lower

2026-01-29 21:18 By Felipe Alarcon 1 min. read

The Ibovespa fell 0.8% to close at 183,134 on Thursday, after a sharp selloff in US equities triggered a global risk-off move, overwhelming earlier domestic optimism.

A plunge in New York stock indices, led by technology shares, pushed global markets lower, lifting the dollar against the real and driving a late-session rise in long-end DI rates, which are more sensitive to external shocks.

Banking stocks reversed early gains and small caps underperformed as risk appetite deteriorated.

Earlier in the session, the index had climbed to record highs above 186,000 after the Central Bank signaled that a Selic rate-cutting cycle could begin in March, briefly pulling rate expectations lower and supporting banks and commodities.

However, the external shock dominated by mid-session, exposing the market’s reliance on global risk conditions despite supportive domestic monetary signals.



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