27.08.202513:44:25UTC+00Ibovespa Drops as Investors Await Key Official Statements

On Wednesday, the Ibovespa index slipped by 0.2%, positioning itself just under the 138,000 mark as investors looked forward to statements from Brazil’s Finance Minister Fernando Haddad and central bank leader Gabriel Galípolo. Key data from the FGV IBRE revealed a decline in the industrial confidence index to 90.4 in August, marking a 4.4-point drop. Additionally, reports from the central bank indicated a 0.4% increase in total outstanding credit in July compared to June. Globally, attention was fixated on Nvidia's upcoming earnings report, considered a crucial indicator for Wall Street's rally driven by technology stocks. Meanwhile, concerns over the Federal Reserve's independence lingered following a lawyer’s decision to challenge President Donald Trump's move to dismiss Governor Lisa Cook. In terms of corporate movements, bank stocks showed mixed results with Itaú Unibanco down by 0.6% and Banco do Brasil up by 0.3%. In contrast, Petrobras experienced a 0.7% decline, while Vale and Ambev posted gains of 0.9% and 0.5%, respectively.