Ibovespa Soars on Softer-Than-Expected Inflation

2026-07-10 20:34 By Isabela Couto 1 min. read

The Ibovespa jumped 3% to close at 177,866 on Friday after Brazil's inflation data came in below expectations.

Annual inflation eased to 4.64% in June from 4.72% in May, below market forecasts of 4.80%, bringing it closer to the BCB's target range of 1.5%-4.5%.

The softer inflation reading pushed bond yields lower and strengthened expectations that the central bank could adopt a more dovish stance.

Financial stocks led the rally, with Itaú up 4%, Bradesco gaining 4.8%, and both Itaúsa and B3 advancing 4.3%.

Utilities also moved higher, with Axia adding 4.6% and Sabesp rising 3.6%.

Meanwhile, CSN Mineração soared 8.3% and CSN jumped 7.9% after Citi said the company should benefit from the stronger performance of its steel and cement segments.



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Ibovespa Soars on Softer-Than-Expected Inflation
The Ibovespa jumped 3% to close at 177,866 on Friday after Brazil's inflation data came in below expectations. Annual inflation eased to 4.64% in June from 4.72% in May, below market forecasts of 4.80%, bringing it closer to the BCB's target range of 1.5%-4.5%. The softer inflation reading pushed bond yields lower and strengthened expectations that the central bank could adopt a more dovish stance. Financial stocks led the rally, with Itaú up 4%, Bradesco gaining 4.8%, and both Itaúsa and B3 advancing 4.3%. Utilities also moved higher, with Axia adding 4.6% and Sabesp rising 3.6%. Meanwhile, CSN Mineração soared 8.3% and CSN jumped 7.9% after Citi said the company should benefit from the stronger performance of its steel and cement segments.
2026-07-10
Ibovespa Surges on Softer-Than-Expected Inflation
The Ibovespa jumped nearly 2% to trade close to 176,000 on Friday after Brazil's inflation data came in below expectations. Annual inflation eased to 4.64% in June from 4.72% in May, below market forecasts of 4.80%, bringing it closer to the BCB's target range of 1.5%-4.5%. The softer inflation reading pushed bond yields lower and strengthened expectations that the central bank could adopt a more dovish stance. Financial stocks led the rally, with Itaú and Itaúsa gaining more than 2%, Bradesco rising over 2.5%, and B3 advancing more than 3%. Utilities also moved higher, with Axia and Sabesp up over 2%. Other notable gainers included Rede D'Or (+3%) and CSN (+4%).
2026-07-10
Ibovespa Climbs as Global Stocks Rebound
The Ibovespa gained 1.2% to close at 172,742 on Thursday, tracking the positive tone across global equity markets. A rebound in major chipmakers lifted global stocks, while declining oil prices helped improve risk sentiment as investors looked past renewed hostilities between the US and Iran. Financials led gains, with Itaú and Bradesco rising 1.7%, Itaúsa adding 1.9%, and Banco do Brasil advancing 2.4%. Most utilities also moved higher, with Sabesp up 2.6%. Axia was the exception, falling 2.7% after Goldman Sachs lowered its adjusted EBITDA estimates for the second quarter. Other notable gainers included Rede D'Or (+3.1%) and Embraer (+2.9%). Petrobras fell 1.4% as oil prices retreated from earlier highs.
2026-07-09