Ibovespa Extends Winning Streak

2026-08-28 20:49 By Isabela Couto 1 min. read

The Ibovespa added 0.3% to close at 175,665 on Friday, erasing earlier losses and extending its winning streak to eight consecutive sessions.

Brazil created 58,568 formal jobs in July, well below forecasts of 112,000 and down sharply from 145,161 in June.

Meanwhile, the PPI rose 1.94% year-on-year in July, slowing from 2.47% in June, while the IGP-M fell.

Softer labor and inflation data could allow the BCB to continue its 25-basis-point easing cycle, supporting credit-sensitive stocks.

Financials gained, with Bradesco and Itaúsa adding 0.9% and Banco do Brasil rising 1%.

B3 gained 2% after JPMorgan said emerging-market equity funds recorded higher inflows, with Brazil recovering after four weeks of heavy outflows.

Utilities also advanced, with Axia rising 0.9%.

Petrobras climbed 2% after Bradesco BBI upgraded the stock to Outperform from Neutral.

In contrast, Vale shed 0.7% after a trial concerning the taxation of profits earned by the miner’s foreign subsidiaries was suspended.



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Ibovespa Extends Winning Streak
The Ibovespa added 0.3% to close at 175,665 on Friday, erasing earlier losses and extending its winning streak to eight consecutive sessions. Brazil created 58,568 formal jobs in July, well below forecasts of 112,000 and down sharply from 145,161 in June. Meanwhile, the PPI rose 1.94% year-on-year in July, slowing from 2.47% in June, while the IGP-M fell. Softer labor and inflation data could allow the BCB to continue its 25-basis-point easing cycle, supporting credit-sensitive stocks. Financials gained, with Bradesco and Itaúsa adding 0.9% and Banco do Brasil rising 1%. B3 gained 2% after JPMorgan said emerging-market equity funds recorded higher inflows, with Brazil recovering after four weeks of heavy outflows. Utilities also advanced, with Axia rising 0.9%. Petrobras climbed 2% after Bradesco BBI upgraded the stock to Outperform from Neutral. In contrast, Vale shed 0.7% after a trial concerning the taxation of profits earned by the miner’s foreign subsidiaries was suspended.
2026-08-28
Ibovespa Inches Up on Easing Inflation
The Ibovespa inched above the 175,000 mark on Friday, as fresh evidence of disinflation strengthened the outlook of lower rates by the BCB. Producer prices rose 1.94% from the previous year in July, slowing from a 2.47% increase in June, and the IGP-M fell from the previous month. Signs of easing inflationary pressures supported credit-sensitive stocks as yields softened. Financials advanced, with Bradesco up 1%, Banco do Brasil gaining more than 1%, and Santander rising nearly 2%. B3 gained nearly 2% after JPMorgan said emerging-market equity funds recorded higher inflows, with Latin America returning to positive territory. Brazil also recovered after four weeks of heavy outflows. Petrobras rose more than 0.5% after Bradesco BBI upgraded the stock to Outperform from Neutral.
2026-08-28
Ibovespa Rises on Energy and Mining Gains
The Ibovespa added 0.3% to close at 175,135 on Thursday, supported by gains in the energy and mining sectors. Crude prices moved higher after the US and Iran traded recriminations over Washington’s pledge to increase economic pressure on Iran by targeting its trade partners with sanctions, lifting energy stocks. Petrobras rose 3% and PRIO gained 0.5%. Vale rose 0.8% despite lower iron ore prices. The company is assessing the possibility of recovering rare earths, gold and other minerals from mining tailings as part of a strategy to increase the recovery of already extracted materials. Vale also entered into a partnership with Adani Ports and NMDC to develop an integrated iron ore blending facility in India. Lower iron ore prices supported steelmakers, with Gerdau up 4.8% and CSN adding 1.9%. Caixa gained 0.5% after reporting a 5.9% increase in 2Q profit and an expansion in its credit portfolio.
2026-08-27