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20.08.202514:09:39UTC+00Ibovespa Recovers After Sharp Drop

The Ibovespa index experienced an upward movement, surpassing the 134,000 mark on Wednesday after experiencing a decline exceeding 2% in its previous session. This shift was influenced by bank stocks, amidst uncertainties over Justice Flávio Dino’s intervention to halt US-imposed sanctions on fellow Supreme Court Justice Alexandre de Moraes. On the domestic front, attention was directed towards President Lula’s consultations with ministers and leaders from Petrobras, BNDES, and Banco do Brasil, along with remarks made by Finance Minister Fernando Haddad at the FAZ GRCI Seminar. Internationally, investors were attuned to developments regarding potential peace negotiations in Ukraine and were anticipating indicators from the Federal Reserve's Jackson Hole symposium. On the corporate scene, Vale saw a slight decline of 0.3%, Petrobras registered a 0.9% gain, and leading banking institutions hovered near their closing values from Tuesday.

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