Ibovespa Retreats from Record High

2026-02-10 21:33 By Felipe Alarcon 1 min. read

The Ibovespa slipped 0.2% to close at 185,929 on Tuesday, pulling back from recent highs as investors digested January inflation data and a dense corporate earnings calendar.

Brazil’s IPCA rose 4.44% year on year in January, accelerating from 4.26% in December and broadly matching expectations, reinforcing caution around the pace of monetary easing.

Index heavyweights were mixed, with Petrobras up 0.5% ahead of the release of its fourth quarter and full year 2025 production and sales figures, while Vale edged slightly lower alongside weaker steelmakers.

Financial stocks were mixed, as Banco do Brasil and Bradesco posted modest gains, while B3 declined.

On the earnings front, BB Seguridade climbed nearly 3% after reporting results, while Motiva slipped earlier in the session.

Elsewhere, consumer and growth names underperformed, with Magazine Luiza, Lojas Renner, and CSN among the laggards, reflecting sensitivity to interest rate expectations following firmer inflation data.



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